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Bosch earned 112.8 billion RMB in China in 2018 and will focus on electrified travel in the future.

2024-11-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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At today's Bosch China 2019 press conference, Bosch announced that sales in China reached 112.6 billion yuan in 2018, an increase of nearly 2.5% over the same period last year. In 2019, Bosch also announced the establishment of a new software center in China to train technical personnel for future industry electrification and big data.

The doctor released his annual financial data for 2018, with a global turnover of 77.9 billion euros, with 60% of its income coming from the automotive industry. Dr. Chinese mainland contributed more than 18% of Bosch's turnover in 2018. Bosch's transportation-only technology also grew by 2.8%.

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Bosch has invested more than 40 billion yuan in China in the past decade and more than 7.8 billion yuan in 2018. Bosch said that it will continue to promote investment in China in 2019, while Bosch's auto business accessories in China will be put into production in Changzhou, Jiangsu Province, in addition to traditional diesel engine components, ABS components and automotive auxiliary radar equipment, and photoelectric sensors for intelligent driving systems. At the same time, a fuel cell plant will be built in Wuxi this year.

According to Chen Yudong, president of Bosch China, the software development center set up by Bosch in China will focus on running the local big data and landing the Internet of things; in the future, the center will provide software support for all Bosch's business in China, including industrial single-chip microcomputer embedded software, cloud data subprograms, and AI program development for industrial and medical applications.

He said: "hardware is still Bosch's advantage in the future to continue to strengthen the strength of software, to provide customers with software and hardware services." According to the plan, Bosch will invest 35 million yuan in the software center and recruit a team of more than 500. sources have revealed that the center will be located in Shanghai in the future.

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