R&D investment of Škoda Auto 2010-2023
The research and development (R&D) investment of Skoda Auto a.s. rose between 2010 and 2019 by 17 billion Czech koruna. However, in 2020 came a decline mostly due to the COVID-19 pandemic and its impacts. However, in 2021 and 2022, the R&D investment rose again, closing on the pre-pandemic figures. Eventually by the end of 2023, R&D investment exceeded pre-pandemic values with about 25.5 billion Czech koruna (1.03 billion euros).