2 1 Shi Ji Jing Ji Bao Dao·2025-09-28 11:54Group 1 - In the first half of the year, over 5,400 A-share listed companies invested more than 810 billion yuan in R&D, marking a year-on-year increase of 3.27% [1] - The automotive industry is accelerating its transformation from electrification to intelligence, with companies increasing their focus on technological capabilities and R&D investments [1] - BYD's R&D investment reached 30.9 billion yuan in the first half of the year, a 53% increase year-on-year, which is twice its net profit for the same period, making it the highest among A-share companies [1][2] Group 2 - BYD's R&D investment for the first half of 2025 is equivalent to the combined R&D investments of Geely Holding (14.7 billion yuan), SAIC (10.2 billion yuan), and Great Wall (6 billion yuan), with a significantly higher growth rate [2] - From 2011 to 2024, BYD has spent more than 210 billion yuan on R&D, exceeding its annual net profit in 13 out of 14 years, demonstrating a commitment to "cost-agnostic" R&D spending [2] - BYD has launched several innovative technologies in the first half of the year, including the Tian Shen Eye driver assistance system and the Super e-platform megawatt fast charging, showcasing its confidence in its technology [2][3]