Seven Japanese automakers plan to invest 2.8 trillion yen ($28 billion) in research and development expenses in fiscal year 2016 (2016.4.1-2017.3.31), setting a record to create more environmentally friendly technologies and autonomous vehicles .
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According to plans announced by major Japanese automakers, Toyota, Honda, Nissan, Suzuki, Mazda, Fuji Heavy Industries and Mitsubishi Motors plan to invest a total of $28 billion in research and development expenses, compared to FY2015 (as of 2016) March) increased by 2.4% year-on-year.
Analysts say that as car companies continue to raise R&D costs, the increase in costs has prompted them to form alliances. Toyota and BMW, Honda and GM formed a partnership to jointly develop fuel cell power vehicles to reduce costs.
According to Kyodo News, Toyota plans to invest 1.07 trillion yen in research and development expenses in fiscal year 2016, up 1.4% from the fiscal year 2015, accounting for 4.1% of its sales to accelerate fuel cell-powered vehicles and plug-in Development of hybrid vehicles, self-driving cars and artificial intelligence technology.
Nissan plans to increase its research and development costs by 5.3% to 560 billion yen, accelerating the development of electric vehicles and batteries that generate power from biofuels.
Suzuki will increase its cost by 6.9% to 140 billion yen to develop eco-friendly cars and new models.
Mazda's research and development costs will increase by 7.2% to 1.25 billion yen to improve the fuel economy of its models.
Fuji Heavy Industries' R&D expenses will climb 17.2% year-on-year to 120 billion yen to launch a battery car in 2021.
Mitsubishi Motors plans to invest 97 billion yen, a surge of 23.3%.
Only Honda has cut R&D expenses, down 4.1% year-on-year to 690 billion yen, but the car plans to invest more money to develop autonomous vehicles than in FY2015, and to open a new artificial intelligence in Tokyo in September. graduate School.
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