On May 18th, the German Bosch Group invested 60 million euros in the production of new auto parts factories in Changsha. This is Bosch Group's largest investment project in Central China.
“Building a new factory in Changsha is a major step in Bosch’s strategic investment system in China,†said Kong Lude, a director of the Bosch Group and head of Asia Pacific operations.
This new factory located in Xingsha High-Tech Industrial Park in Changsha will become the main production base of Bosch Energy and Body Systems Division in China. The total area of ​​the factory will exceed 210,000 square meters. Currently, 100,000 square meters have been developed and used. The new plant in Changsha will focus on the production of all components of the automotive power system, including the development, manufacture and sale of starters, alternators, body electronics control units, electromechanical drives, and wiper systems, as well as providing a full range of rotating power. equipment.
On the 19th, the Bosch Group's automotive electronics division will invest 100 million euros in the expansion of its new plant in Suzhou.
"These new investment projects demonstrate Bosch's commitment to China, its development for the local industry and its commitment to the 11th Five-Year Plan." Kong Lude said, "We will use the most advanced technologies and technologies through continuous investment and localization. Production experience is introduced into China, and assists China in enhancing its competitiveness in the international market while strengthening environmental protection and energy conservation.â€
Bosch Group's investment in the Chinese market is also accelerating. Kong Lude said that currently Bosch has invested 620 million euros in the Chinese market, and from 2006 to 2008, Bosch will invest another 620 million euros in China.
The Bosch Group is the world's largest supplier of automotive parts. Through Bosch (China) Investment Co., Ltd. Bosch Group operates 14 companies, 6 joint ventures and 6 trading companies in China.
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