Bosch Group builds new auto parts factory in Changsha


Xinhuanet Hunan Channel, Changsha, China, May 19 (Reporter Chen Liming) On May 18th, the German Bosch Group invested 60 million euros in the production of a new auto parts factory 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 Dr. Rudolf Colm, Bosch Group Director 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. Peng Deyuan, President of Bosch (China) Investment Co., Ltd., said that Bosch Automotive Components (Changsha) Co., Ltd. and Bosch Automotive Components (Suzhou) Co., Ltd. are wholly owned subsidiaries of the Bosch Group and are two key production areas of the Group in China. Launch different product lines.

"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." Dr. Kong Lude said, "We will be the most advanced technology through continuous investment and localization. And production experience to be introduced into China, and assist China to enhance its competitiveness in the international market while strengthening environmental protection and energy conservation."

Bosch Group's investment in the Chinese market is also accelerating. Dr. Kong Lude said that currently Bosch has invested 620 million euros in the Chinese market, and from 2006 to 2008, Bosch will invest an additional 620 million euros in China.

According to reports, currently Bosch's sales in the Chinese market account for 3% of its global share. Peng Deyuan said that the group hopes that by 2008, this proportion will reach 5%. At that time, China will become the largest market of the Bosch Group in the Asia-Pacific region. The Bosch Group is the world's largest supplier of automotive parts. In 1909, China opened its first trade office in China. At present, all business units of the Group have settled in China. Through Bosch (China) Investment Co., Ltd. Bosch Group operates 14 companies, 6 joint ventures and 6 trading companies in China. In 2005, Bosch Group's total sales in China reached 1.2 billion euros, an increase of 15% over 2004. (Edit Li Lanxiang)
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