China’s Nio outspends Tesla in R&D by over five times
Edited By WION Video Desk
Published: Jul 26, 2024, 06:20 IST | Updated: Jul 26, 2024, 06:20 IST
US-listed Chinese electric vehicle companies are outspending Tesla on research and development. Companies like Nio dedicated 29 percent of revenue to R&D in the first quarter. Meanwhile, Tesla's R&D expenditure stands at a comparatively modest 5.4 percent.
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