Chinese automaker Chang'an Automobile Group announced a plan to invest as much as 30 billion yuan in research and development in the next five years.
Input in R D will be taking up more than 5 percent of the automaker's annual sales revenue each year in the coming five years, said Li Wei, vice president of Chang'an.
Efforts will also be made to train more than 10,000 technical talents, said Li. In the first nine months of 2015, Chang'an sold 751,000 homebred passenger cars, a rise of 32.1 percent year on year. The growth rate was 11.4 points higher than the industry average.
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