“German auto industry invests about 39 billion euros in research and development”
German Association of the Automotive Industry (VDA)
German carmakers rank first in worldwide research and development, accounting for about a third of the automobile industry’s total global R&D investment, according to the German Association of the Automotive Industry (VDA). The country’s manufacturers invested 38.6 billion euros in 2015 (2014: 34.3 billion euros). “With enormous will to innovate and invest, the German auto industry goes down the path of e-mobility and digital transformation. […] It thereby makes a significant contribution to secure the competitiveness of the automobile location Germany,” says Matthias Wissmann, president of VDA, in a press release.
Read the press release in German here.
For background read the CLEW dossier The Energiewende and German carmakers.
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