Auto parts giants are optimistic about China Bosch expanding its business in China

Robert Bosch GmbH, a global auto parts giant known for producing spark plugs, announced that its wholly-owned subsidiary, Bosch Automotive Components (Changsha) Co., Ltd. was formally established, and the new company will acquire long-term Bosch long-term partner in Changsha, China The company's automotive starter and generator business will supply components to Bosch, the newly established company. It is reported that Bosch Automotive Components (Changsha) Co., Ltd. will become the main base of the Bosch Energy and Body Electronics Systems Division in China. The company employs about 500 employees, all of whom are from CAIC Changchun. It is expected that by 2007, the total number of employees will also be translated. Some time. At the same time, the new Bosch plant in Changsha's National Economic and Technological Development Zone will also be officially completed in November 2005. It will also produce starters and generators and small motors. By 2007, Bosch will have a total investment of 60 million Euros. This will be Bosch's largest investment project in Central China. Mr. Goss, a Vice President of Bosch, stated: “The development of the global automotive industry is changing rapidly, and the development of the Chinese automobile industry is more rapid than any other market. Bosch has always been a leader in the global automotive technology field. In China, we also have to walk At the forefront.” So despite the current sluggish Chinese auto market, Bosch is still full of confidence in the Chinese market. Robert Bosch GmbH is headquartered in Stuttgart, Germany and has subsidiaries and branches in more than 50 countries around the world. In 2003, the total sales amounted to 36.4 billion euros. The company currently employs more than 232,000 employees worldwide, including more than 10,000 employees in China. Since Bosch re-entered the Chinese market in the 1980s, Bosch has established 10 representative offices, 5 trading companies, 1 trade office, 11 wholly-owned enterprises, and 9 joint ventures in China, and is established by Bosch (China). Investment Co., Ltd. is responsible for unified coordination. At present, the total investment of the Bosch Group in China has exceeded 500 million euros.
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