Bosch intends to increase its presence in China by strengthening its domestic R&D and manufacturing capabilities in electrified and intelligent mobility.
Bosch Automotive Products (Suzhou) has agreed to establish an R&D and Manufacturing base for New Energy Vehicle Core Components and Automated Driving with the Suzhou Industrial Park Administrative Committee (SIP).
Bosch intends to complete phase one of the project by the middle of 2024. In total, the German company intends to invest approximately USD 1 billion in the project over the next few years, expanding its new energy vehicle and automated driving businesses.
“China is the world’s largest auto market, full of promise and vitality. As a multinational enterprise, we need to make full use of the country’s local R&D capability and production capacity. Through continuous development in China, Bosch will further enhance its global competitiveness and lay a solid foundation for leading the way to the future of mobility,” says Dr. Stefan Hartung, chairman of the board of management of Robert Bosch GmbH, in a press release.
The R&D and Manufacturing Base will have a total plot ratio of 300,000 square metres. The new base will concentrate on electrified drive products utilising the most recent SiC power modules, the next generation integrated power brake (IPB2.0), decoupled power brake (DPB2.0), and key automated driving technologies such as advanced driving solutions.