Bosch Fully Supports New Energy Vehicle

News from Germany's Bosch Group, a leading automobile components maker, reports that the sales growth in China last year was robust despite falling global sales due to the economic downturn. Bosch's China sales touched 22.8 billion Yuan ($3.34 billion) in 2008, a rise of 25 percent over the previous year.

Bosch has a complete range of components and products for hybrid-electric and full-electric vehicles. It is in the best position to support its customers in fulfilling their targets for new-energy vehicles. China in March set a target to increase the production of new energy vehicles to touch 500,000 units by 2011, accounting for 5 percent of the annual automobile production of the country. Bosch would soon introduce its lithium-ion batteries for hybrid and electric vehicles in China. The company had established a joint venture with Samsung last year to develop these batteries.

Bosch currently employs 20,200 employees in its 44 units in the country, the largest outside Germany.

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