Zhejiang Hechuan Technology

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.

Bosch Rexroth and Zhejiang Hechuan Technology have signed an agreement to form a joint venture for the Chinese automation market. Bosch Rexroth will also acquire a minority stake in Hechuan Technology. The joint venture will be based in Shanghai.

Bosch Rexroth and Zhejiang Hechuan Technology agreed to form a joint venture to offer a complete automation portfolio including autonomous guided vehicles for the Chinese market. Bosch Rexroth will also acquire a minority stake in Hechuan Technology.