The Bosch Group has announced plans to increase its annual investment in China to RMB 3.9 billion to RMB 4 billion in 2015.
In 2011, the consolidated sales of the Bosch Group in China reached 42.3 billion yuan, a year-on-year increase of 13%. The steady growth of Bosch China's performance was attributed to the outstanding performance of its three major businesses in China. Among them, automotive technology, Bosch China’s largest business unit, generated sales of RMB 24.9 billion in 2011, a year-on-year increase of 7%. The average growth rate of the automotive market.
Bosch is committed to strengthening China's indigenous R&D capabilities and creating new opportunities for its business in China. Currently, Bosch's three major businesses have established 13 technology centers in China, and more than 2,700 R&D personnel are committed to developing products and technologies that meet the needs of the local market.
Chen Yudong , president of Bosch (China) Investment Co., Ltd., said that Bosch China has about 120 local engineering teams working on the research and development of new energy vehicles and has obtained the first batch of patents in the field of electric vehicle technology.
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