Bosch plans to invest approximately €950 million in the production and development of components for electric vehicles and automated driving in Suzhou, China.
The first phase of the project is set to be finished by mid-2024. The company currently operates four factories in Suzhou, which employ around 10,000 people.
Bosch investiert über mehrere Jahre rund 950 Millionen Euro in die #Entwicklung und #Fertigung von Komponenten für die #Elektromobilität und das automatisierte Fahren in #Suzhou, #China. pic.twitter.com/mozzXI1rIW
— BoschPresse📰 (@BoschPresse) January 12, 2023
Earlier this month, Robert Bosch Venture Capital joined forces with Boyuan Capital, BAIC Futian, Beijing Yihuatong, and Shenzhen Fuyuan Wisdom to establish Beijing Kawen New Energy Vehicle Co. Ltd.
This venture capital platform, established by Bosch Group in China, will focus on researching and developing, as well as producing and selling, commercial vehicles powered by pure electricity and hydrogen fuel, along with their core components and systems.
Additionally, the company plans to work on creating technologies for remote control and intelligent driving, including intelligent networking, smart logistics, and autonomous driving.
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