Bosch furthers 3 billion yuan to accelerate localization into the city

As Bosch's second largest overseas market in the world, China has achieved a compound annual growth rate of 25% for 10 years. In 2012, consolidated sales in China reached 41.7 billion yuan. This year, Bosch is expected to invest another 3 billion yuan to speed up the process of localization, and the automotive technology that accounts for 60% of the business volume will also usher in new breakthroughs, among which the start-stop system has high hopes.

Chen Yudong, president of Bosch (China) predicts that in 2013 Bosch will still plan to invest around RMB 3 billion in China to further accelerate the localization process. Bosch’s business unit in China has a 60% share of the automotive business. Chen Yudong also stated that Bosch has achieved good results in many areas such as powertrain, safety products, and comfort products of the automotive business. The Bosch Group's start-stop system developed by Bosch Group will become a large-scale application technology for car companies in the next few years. . Last year, Bosch already had around 100,000 units of start-stop systems in the Chinese market. At present, many independent brands such as Changan and Great Wall use this technology. It is estimated that by 2017, the equipment rate of start-stop systems in China will reach 20%.

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