Bosch sees no slowing of growth in China
Print Edition
BOSCH, the world’s leading provider of technologies and services, especially in the automotive segment, expects to continue its double-digit growth in China over the coming years, with energy efficiency solutions as one of its main driving force.
Last year, the German company posted 18 percent growth in China to pull in a combined revenue of 41.2 billion yuan (US$6.6 billion), making the country its second-largest overseas market, it said yesterday.
The sales figure includes up to 32 billion yuan generated by its automotive business in the OEM (original equipment manufacturer) supply and aftermarket, which grew 28 percent last year, almost double the pace of the market’s average increase.
To keep its strong momentum going, the company will be relying partly on energy-saving technologies, which have become one of the key differentiators for carmakers in China as the government steps up its efforts to fight vehicle exhaust pollution.
Higher energy efficiency can be achieved by downsizing engines in combination with turbocharging technologies. The firm will open a new plant in Shanghai this year to localize the production of its latest turbocharging system co-developed with Mahle, said Peter Tyroller, a Bosch board member.
Bosch will also reinforce its commitment to new-energy car development, a technology trend that may enable a big proportion of vehicles to run purely on electricity in the next 10 years, said Tyroller. The company will focus on battery development with its joint-venture partners to bring down battery costs by 50 percent while doubling the energy density.
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