R&D expenses, 2022

Huawei's automotive unit alone spent nearly half of what Tesla did on R&D.

Bar chart of R&D expenses for select automakers and Huawei's intelligent automotive solutions unit

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Figures for Tesla, BYD, Bio, Li Auto, and Xpeng are drawn from company filings. Huawei annual reports do not break out R&D expenditure per business unit; the figure here is sourced from a Chinese media report, citing research from CITIC Securities.

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