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Bosch invests almost one billion

Bosch further expands its activities in China. Over several years, about €950 million is to be invested in a new R&D and manufacturing center at the Suzhou site. It will develop and manufacture components for electromobility and automated driving for Chinese automakers, Bosch announced on Thursday. The first part of the center is expected to be operational by mid-2024. CEO Stefan Hartung called the investment “an important step for the mobility of the future in the world’s biggest auto market.” Suzhou is already one of the foundation group’s largest sites worldwide, with nearly 10,000 employees across four plants. In total, Bosch has some 55,000 employees in China. rtr

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