In recent years, the automobiles and parts sector have been leading the way in research and development share across the EU. According to the European Automobile Manufacturers’ Association (ACEA), in 2021 the automobile sector accounted for 31% of sectorial research and development in the EU, the largest of any sector.
Across the financial year of 2022-2023, our members made a substantial commitment to to research and development, with a total investment of over €600,000,000.
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