BAIC Group plans to invest more than 100 billion yuan in future R&D

Liu Yu, deputy general manager of BAIC Group, said at the BAIC Technology Salon on April 20 that BAIC Group plans to increase its R&D investment to 13.21 billion yuan in 2024, with a R&D team of more than 8,000 people. By 2030, BAIC Group's cumulative R&D investment will exceed 100 billion yuan. BAIC Group's goal is to achieve technological iteration and upgrading by 2025, breakthroughs in key areas by 2028, and core technology ranking among the world's top by 2030.