As one of China's leading electronics manufacturers, Midea Group's R&D expenditure reached almost 14.6 billion yuan in 2023 which accounted for almost one-fifth of all of the group's annual expenses. In total, the corporation employed over 23 thousand research and development personnel.
Research and development expenses of Midea Group from 2016 to 2023
(in billion yuan)
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Expenditures in billion yuan
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Midea. (March 27, 2024). Research and development expenses of Midea Group from 2016 to 2023 (in billion yuan) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1358786/midea-group-research-and-development-expenses/
Midea. "Research and development expenses of Midea Group from 2016 to 2023 (in billion yuan)." Chart. March 27, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1358786/midea-group-research-and-development-expenses/
Midea. (2024). Research and development expenses of Midea Group from 2016 to 2023 (in billion yuan). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1358786/midea-group-research-and-development-expenses/
Midea. "Research and Development Expenses of Midea Group from 2016 to 2023 (in Billion Yuan)." Statista, Statista Inc., 27 Mar 2024, https://www.statista.com/statistics/1358786/midea-group-research-and-development-expenses/
Midea, Research and development expenses of Midea Group from 2016 to 2023 (in billion yuan) Statista, https://www.statista.com/statistics/1358786/midea-group-research-and-development-expenses/ (last visited August 24, 2024)
Research and development expenses of Midea Group from 2016 to 2023 (in billion yuan) [Graph], Midea, March 27, 2024. [Online]. Available: https://www.statista.com/statistics/1358786/midea-group-research-and-development-expenses/