Wuxi becomes Bosch's base for expansion in China

The construction commencement ceremony for Bosch Automotive Systems (Wuxi) Company was held in Wuxi Hi-tech district on March 27, laying the foundations for new business developments involving the 48 volt battery system as well.[Photo/WeChat account: xinwu_wx]

The Stuttgart-based Bosch, a Fortune 500 company, is expected to build a stronger partnership with Wuxi in order to establish Bosch Automotive Systems (Wuxi) Company.

The construction commencement ceremony for Bosch Automotive Systems (Wuxi) Company was held in Wuxi Hi-tech district on March 27, laying the foundations for new business developments involving the 48 volt battery system as well.

Li Xiaomin, Party secretary of Wuxi, who led an economic delegation to the Bosch headquarters in Germany last September, attended the ceremony.

Last September, both parties decided to cooperate fully in vehicle battery projects, automotive electrification, and application of IoT technologies, which led to new business developments involving the 48 volt battery system settling in Wuxi.

Li Xiaomin (L), Party secretary of Wuxi, who led an economic delegation to the Bosch headquarters in Germany last September, attends the ceremony on March 27. [Photo/wnd.gov.cn]

Bosch Automotive Systems (Wuxi) Company is the only wholly-owned company established in the Wuxi Hi-tech district that has integrated its petrol and diesel businesses, is meant to become the headquarters of the Bosch Group's powertrain business in China, and that acts as an important base for the company’s further development in China.

Its main production, the 48 volt battery system, can be used in both electric and gas cars. Its total sales value is expected to reach 8.7 billion yuan ($1.4 billion) by 2021.

In 2015, Bosch invested 900 million yuan ($148.5 million) into the building of Bosch Automotive Systems in the Wuxi Hi-tech district, which will produce automotive powertrains. As the group's largest overseas investment project and most significant development center in China, Bosch Automotive Diesel Systems achieved a total of 2 billion yuan in sales last year.

Bosch Automotive Systems (Wuxi) Company is meant to become the headquarters of the Bosch Group's powertrain business in China, as well as an important base for its further development in the country. [Photo/wnd.gov.cn]