The German automobile parts giant Bosch plans to make a funds of about 1 billion US dollars (about 1.32 billion yuan) to produce electric vehicle components in China, and share a share in China's shift to electric vehicles.
According to Bloomberg report, Bosch issued a statement on Thursday (January 12) that it plans to build the core components and autonomous driving research and development and manufacturing bases that mainly serve local auto manufacturers in Suzhou, Jiangsu.
Stefan Hartung, CEO of Bosch, said in a statement that this decision is an important step towards future travel in the world's largest automotive market.
Bosch said that the focus of the new base is the technology of silicon carbide power modules, integrated braking systems, etc. The first phase of the base is expected to be completed in mid -2024.At present, Bosch has about 55,000 employees in China.
Although the German government has warned not to rely on China, Bosch is still intertwining investment in China.China is the world's largest electric vehicle market. Tesla, Tesla, has its largest overseas factories in Shanghai, and local manufacturers such as BYD, Xiaopeng Automobile and Weilai Automobile are also rapidly expanding.
