From CNBC.: 2024-07-24 23:20:30

Nio’s new factory in Hefei employs 2,000 people and 756 robots, revealing the company’s high investment in research and development compared to Tesla. As competition in China’s electric car market heats up, companies like Nio are trying to focus on quality to stand out. Other Chinese automakers like Geely are also investing heavily in R&D to improve both hardware and software for their vehicles, recognizing the importance of differentiating in the market. With the rise of new energy vehicles, supply chain efficiency is key for Chinese automakers to respond quickly to market needs. In an industry driven by innovation, the competition between tech giants like CATL and Huawei is pushing automakers to up their game in battery and software development to attract consumers. As Chinese electric car companies increase their research and development expenditures, the focus is shifting to creating products that offer quality, innovation, and differentiation in a rapidly evolving market.

Read more: Chinese EV startups are spending more on research than Tesla is