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Vitesco Technologies Group AG (Vitesco Technologies Group AG) Research & Development : $729 Mil (TTM As of Dec. 2023)


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What is Vitesco Technologies Group AG Research & Development?

Research & Development is the aggregate amount of research and development expenses during the year. Vitesco Technologies Group AG's Research & Development for the three months ended in Dec. 2023 was $-87 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 was $729 Mil.


Vitesco Technologies Group AG Research & Development Historical Data

The historical data trend for Vitesco Technologies Group AG's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Vitesco Technologies Group AG Research & Development Chart

Vitesco Technologies Group AG Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Research & Development
Get a 7-Day Free Trial 803.56 828.47 782.71 699.58 741.11

Vitesco Technologies Group AG Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -87.82 253.21 289.92 272.04 -86.59

Vitesco Technologies Group AG Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $729 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Vitesco Technologies Group AG  (OTCPK:VTSCY) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.


Vitesco Technologies Group AG Research & Development Related Terms

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Vitesco Technologies Group AG (Vitesco Technologies Group AG) Business Description

Traded in Other Exchanges
Address
Siemensstrase 12, Regensburg, BY, DEU, 93055
Vitesco is a global Tier I automotive supplier of internal combustion engine, hybrid electric, battery electric, and fuel cell electric vehicle powertrain components and systems, operating through four segments: electrification technology, electronic controls, sensing and actuation, and contract manufacturing. The company was spun off from Continental in September 2021. ICE powertrain products include electronic controls, sensors, actuators, turbochargers, hydraulic components, pumps, and emissions technologies. HEV, BEV, and FCEV products include battery management systems, on-board chargers, battery junction boxes, e-motors, inverters, converters, thermal control, electronic control units, pumps, flow control valves, sensors, and actuators.

Vitesco Technologies Group AG (Vitesco Technologies Group AG) Headlines

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