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Bosch to invest €3B in hydrogen and electrification solutions · Endata

◂ Announcements

Mar 25, 2023INVESTMENTWuxi, Jiangsu, China

Bosch to invest €3B in hydrogen and electrification solutions

Bosch Powertrain Systems signed a strategic cooperation agreement with Xinwu district in Wuxi to promote localization of hydrogen cells and electrified products, and Bosch announced a €3 billion investment in hydrogen and electrification technologies.

Value

$3.24B (3.00B EUR)

Status

Announced

Productshydrogen cellselectrified products

CompaniesRobert Bosch Weifu High-Technology Group partner Bosch Powertrain Systems Co Ltd partner

Sectors#Automotive Components #Specialty Chemicals

“Bosch will invest 3 billion euros to satisfy the increasing technological demands of carbon neutrality by developing hydrogen cells, hydrogen, and electrification solutions for vehicles.”govt.chinadaily.com.cn

1 source
govt.chinadaily.com.cnBosch to produce more NEV products in Wuxi | govt.chinadaily.com.cnApr 17, 2023

Summarized from public sources; check the original articles before acting on it.

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