# 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.

- Type: Investment
- Announced: 2023-03-25
- Where: Wuxi, Jiangsu, China
- Value: $3.24B (3.00B EUR)
- Status: announced
- Products: hydrogen cells, electrified products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Robert Bosch](https://endata.com/companies/3006.md)
- [Weifu High-Technology Group](https://endata.com/companies/8951.md) (partner)
- [Bosch Powertrain Systems Co Ltd](https://endata.com/companies/69789.md) (partner)

## Sources

- [govt.chinadaily.com.cn](https://govt.chinadaily.com.cn/s/202304/17/WS643cebd1498ea274927b7cc1/bosch-to-produce-more-nev-products-in-wuxi.html), 2023-04-17: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.