JAC Motors Invest nearly 800 million Yuan on R & D
2013-09-13
JAC Motors invested 154 million Yuan more than last yearfor research and development in the first half year this year and some other China listed auto makers barely has such big amount to investment on R & D.
JAC Motors invested 154 million Yuan more than last yearfor research and development in the first half year this year and some other China listed auto makers barely has such big amount to investment on R & D.
And the total ivnestment amounts are 794 million Yuan, taking 35.09% of their budget on this phase.
JAC Motors started to have R & D costs since 2007 and the figure was 308 million Yuan and the amount is rather low untill 2012 and the figure was 640 million Yuan.
Many materias shows that JAC Motors is a auto manufacturer which focuses on develop, manufacture, sell and serve commercial vehicles, passenger cars and power system. And 88% of their earnings came from sales of complete vehicles in 2012.
But we can find that similar domestic listed auto makers like Haima Auto and FAW passenger car company, their costs for research and develop are just for 45 million Yuan and 77 milion Yuan last year.
