BMW to Spend Record Amount on R&D to Prepare for Electric Cars, Self-Driving Cars
MUNICH—BMW could spend as much as $8.6 billion on R&D this year to develop and produce electric and autonomous vehicles.
According to the automaker’s 2017-18 annual report, BMW expects to allocate between 6.5 and 7 percent of its 2018 gross revenue to R&D—above its usual range of 5 to 5.5 percent.