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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.
Inbolor (Shenzhen) agreed with Robert Bosch International Investment and Bosch (China) Investment to form a joint venture with registered capital of CNY 100 million, to develop and produce high-voltage electrical components and gearboxes for off-highway new energy industrial vehicles.