Bosch Plans for More Investment in China
Encouraged by last year’s robust sales and expecting a vigorous and sustainable development of the Chinese market, Bosch Group, a global supplier of automotive technology and services, after investing 1 billion euros in China in 2007, plans to pump another 850 million euros from 2008 to 2010.
In 2007, China’s auto industry maintained its 3rd position with a production of 8.88 million units and a growth of 22% on a yearly basis. And its sales stood at 8.79 million units. On the German part, the group saw a consolidated sale of 18.3 billion yuan in China, up by 41% compared with the previous year.
“In the future, we will further expand our manufacturing and R&D activities in China to support our local customers and play an important role as a supplier and partner to the development of China’s automotive industry,” said Peter Pang, president of Bosch (China) Investment Ltd at Auto China 2008.
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