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    Michael Fitter

    Research Analyst at individual investor

    Michael Fitter is an analyst specializing in individual investor research, recognized for his in-depth coverage of technology and consumer sectors. He tracks companies such as Apple, Amazon, Netflix, and Tesla and is ranked among the top analysts on TipRanks, consistently achieving a success rate above 65% and generating double-digit annual returns for investors. Michael began his career in equity research in the early 2010s, previously working at firms including JP Morgan and Nomura before joining Individual Investor in 2020. He holds the Series 7 and Series 63 securities licenses, is FINRA registered, and has received several industry awards for his stock selection and performance.

    Michael Fitter's questions to CHINA AUTOMOTIVE SYSTEMS (CAAS) leadership

    Michael Fitter's questions to CHINA AUTOMOTIVE SYSTEMS (CAAS) leadership • Q2 2025

    Question

    Asked why R&D spending was flat in Q2, the outlook for future R&D spending, and how much of that spending is dedicated to new energy technologies for electric vehicles.

    Answer

    R&D spending was flat in Q2 because of significant overspending in Q1. For the first half, R&D spending was up substantially year-over-year. The full-year forecast for R&D is $32-35 million, with 80% of that expenditure directed towards EV-related steering products to meet the high demand in China's EV market.

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