A Japanese car maker plans to invest 2.8 trillion yen in research and development expenses in fiscal year 2016, setting a record for creating more environmentally friendly technologies and driving autos, automakers said.
Toyota, Honda, Nissan, Suzuki, Mazda, Fuji Heavy Industries and Mitsubishi Motors plan to spend Rmb28bn, up 2.4% from the same period in FY2015, according to plans announced by major Japanese automakers.
Analysts said that when the car prices continue to enhance research and development costs, the cost of promoting them to form an alliance. Toyota and BMW, Honda and GM to form a partnership to jointly develop fuel cell power cars, reduce costs.
Japan's Kyodo data show that Toyota plans to invest 1.017 trillion yen in fiscal year 2016 as research and development costs, compared with fiscal year 2015, an increase of 1.4%, accounting for 4.1% of its sales in order to accelerate the fuel cell power cars, Hybrid cars, autopilot cars and artificial intelligence technology research and development.
Nissan plans to raise R & D costs by 5.3 percent to ¥ 560 billion, accelerating the development of electric vehicles and batteries that generate power from biofuels.
Suzuki will increase the cost 6.9% to 140 billion yen, the development of eco-friendly cars and new models.
Mazda's R & D costs will increase 7.2% to 1,250 billion yen, improving its fuel economy models.
Fuji Heavy Industries research and development costs will rise 17.2% year on year to 1,200 billion yen to launch in 2021 battery car.
Mitsubishi Motors plans to invest 97 billion yen, an increase of 23.3%.
Only Honda cut its R & D spending by 4.1% YoY to Rmb690bn, but it plans to spend more money on R & D autopilot than in FY 2015 and open a new artificial intelligence in Tokyo in September graduate School.