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Bosch Wins Electromobility Orders Amounting to EUR 13 billion

Auto News - Published on Mon, 16 Sep 2019

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Bosch is driving in the fast lane. Bosch has won electromobility orders worth roughly 13 billion euros, including production projects for electrical powertrains for passenger cars and light trucks. Thanks to these successful orders and its innovative strength, Bosch is holding its own in the currently difficult environment. The Mobility Solutions business sector is again developing better than global automotive production in 2019. Despite the market’s current significant downward trend, the sector’s sales from operations will come in at just under the previous year’s level.

Dr Volkmar Denner, chairman of the Bosch board of management said that “The transformation of mobility entails challenges, but also opportunities. We want to grasp them.” Technologically, Bosch is approaching the mobility of the future with an open mind. It is both further refining conventional powertrains and fast-tracking electrification. In addition, the company is working to make mobility automated, connected, and personalized. One key to this lies in electronics and software. The company’s mobility operations currently employ some 14,000 software engineers, and annual expenditure on software expertise comes to 3 billion euros. The objective is to keep people mobile in an eco-friendly way and to ensure that mobility is accessible to everyone.”

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Posted By : Mohan Sharma on Mon, 16 Sep 2019
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