Xia Yiping, the CEO of Jiyue Automobile, disclosed that since the inception of Jidu Automobile, Jiyue's predecessor, in 2020, the expenditure on the R&D team has been meticulously managed to remain under 16 billion yuan, averaging at less than 4 billion yuan annually. Xia Yiping contends that this expenditure is remarkably frugal within the automotive sector, particularly when compared to new-energy vehicle companies.