ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business trends

Japan carmakers pump record $27bn into R&D

Quest for new technologies ignites arms race, but Western rivals spend more

Nissan, the maker of the mass-market Leaf electric car, is working with Japanese tech company DeNA on a self-driving taxi service.   © Reuters

TOKYO -- Leading Japanese automakers plan a record 2.95 trillion yen ($26.8 billion) in research and development spending for fiscal 2018 amid global competition and the encroachment of information technology companies onto their traditional turf.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more