billion-dollarBosch

Bosch to initiate billion-dollar R&D heart in Suzhou

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The center will build and assemble substances for electromobility and automatic using to sell primarily to Chinese customers.

January 12, 2023 11:Forty eight AM

BERLIN — German automobile dealer Bosch is investing about $1 billion in a brand modern R&D and assembly heart in Suzhou, China, the corporate acknowledged on Thursday, with the main phase of the challenge ready by mid-2024.

The center  will build and assemble substances for electromobility and automatic using to sell primarily to Chinese customers, it acknowledged.

Bosch already has four factories in Suzhou, the usage of virtually 10,000 employees.

The company ranks No. 1 on the Car news list of the tip 100 global suppliers with worldwide sales to automakers of $49.1 billion in its 2021 fiscal one year.

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