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Automobiles

Japanese auto parts makers double their R&D spending

Aisin and Denso rush to develop future tech to stay competitive with their cash-rich foreign rivals

R&D spending by Japanese auto parts makers is not as big as the amounts invested by major global suppliers. (Photo by Kohei Yamada)

TOKYO -- Japanese auto parts suppliers are ramping up their research and development spending as they aim to secure viable futures for themselves in a rapidly changing industry.

The combined annual R&D spending by the top 16 Japanese makers of auto parts is growing steadily, and is projected to hit 1 trillion yen (about $93 billion) in 2022, which would be double that of 10 years earlier.

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