$BYD COMPANY(01211)$ In the first half of this year, BYD invested 20.2 billion yuan in R&D, a year-on-year increase of 42%, about 6.6 billion yuan higher than the net profit in the same period, and the cumulative R&D investment was nearly 150 billion yuan. So far, we have applied for more than 48,000 patents worldwide, authorized more than 30,000 patents, and have more than 100,000 R&D personnel. In the future, we will continue to increase R&D investment unswervingly to bring more subversive experiences to users!
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