General Motors incurred around 6.8 billion U.S. dollars in R&D costs in 2019. This figure puts the car manufacturer's R&D intensity at five percent. That said, the company declared interest to enter into cost sharing arrangements with third parties. In December 2019, General Motors and LG Chem partnered up to invest in a production facility for battery cells in Ohio.
GM's research and development expenditures from FY 2015 to FY 2019
(in billion U.S. dollars)
Only including continued operations; the European business is presented as discontinued operations in the consolidated financial statements for all periods presented, the source specifies.
The figures are for the years ended December 31. The values for 2015 and 2016 were taken from a previous financial statement.
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General Motors. (February 5, 2020). GM's research and development expenditures from FY 2015 to FY 2019 (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 17, 2020, from https://www.statista.com/statistics/260866/research-and-development-expenditures-of-general-motors/
General Motors. "GM's research and development expenditures from FY 2015 to FY 2019 (in billion U.S. dollars)." Chart. February 5, 2020. Statista. Accessed February 17, 2020. https://www.statista.com/statistics/260866/research-and-development-expenditures-of-general-motors/
General Motors. (2020). GM's research and development expenditures from FY 2015 to FY 2019 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 17, 2020. https://www.statista.com/statistics/260866/research-and-development-expenditures-of-general-motors/
General Motors. "Gm's Research and Development Expenditures from Fy 2015 to Fy 2019 (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Feb 2020, https://www.statista.com/statistics/260866/research-and-development-expenditures-of-general-motors/
General Motors, GM's research and development expenditures from FY 2015 to FY 2019 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/260866/research-and-development-expenditures-of-general-motors/ (last visited February 17, 2020)
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