# Robert Bosch invests $37.7M in Hechuan Technology, plans JV

Robert Bosch invested CNY 276 million ($37.7 million) in Zhejiang Hechuan Technology via a stake transfer, and the two plan to form a joint venture with registered capital of CNY 120 million to produce automation and electrification solutions.

- Type: Investment
- Announced: 2023-11-03
- Where: Quzhou, Zhejiang, China
- Value: $37.7M (276.0M CNY)
- Status: announced
- Products: automation solutions, electrification solutions, conveyor systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Zhejiang Hechuan Technology](https://endata.com/companies/73477.md)
- [Robert Bosch](https://endata.com/companies/3006.md) (investor)
- [Bosch (China) Investment](https://endata.com/companies/72567.md) (investor)
- [Robert Bosch Internationale](https://endata.com/companies/73478.md) (investor)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/hechuan-technology-soars-on-usd377-million-investment-from-robert-bosch-plan-to-form-jv), 2023-11-03: "The JV is set to become a powerful player in the Chinese automation market."

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