Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

Interview: Bosch says to expand investment in China's resilient, innovative market

April 28, 2023


Abstract : As the Chinese market is resilient and innovative, Bosch will expand its investment in China, said the leading German engineering and technology company.

SHANGHAI, April 28 (Xinhua) -- As the Chinese market is resilient and innovative, Bosch will expand its investment in China, said the leading German engineering and technology company.

"The (Chinese) market is not only resilient. It's actually a market which is very innovative. And by the way, the Chinese consumer has always been a very innovative and very forefront consumer," said Stefan Hartung, chairman of the board of management of Robert Bosch GmbH, in an exclusive interview with Xinhua in Auto Shanghai 2023.

Many of the company's products and technologies exhibited in the auto show, he said, are locally developed and designed to meet the specific demands of the Chinese market.

Describing himself as "an open-market guy," Hartung said that the Chinese market is fantastic as it integrates with other markets around the world, which works perfectly.

He applauded collaboration in the world markets as well as among people around the world.

"Right now that about 11 percent of vehicle made in China are exported ... At the same time, a lot of auto parts also need to be imported into China. That is the case that I think is a good collaboration in the world markets, and among people around the world," Hartung said.

"Lots of challenges in the world like climate change can only be done together," he added.

Recognizing the significance of providing more technologies and solutions to enhance the connectivity of vehicles, he said "these technologies will unlock a new wave of automation and a new wave of excitement in vehicles. So I think there is still a lot to come in the automotive market."

In 2022, Bosch China mobility business sector grew by about 7 percent year on year to some 103.6 billion Chinese yuan (14.95 billion U.S. dollars), said a press release of the company last week.

Stressing the importance to continue investment in China, Hartung deemed people and talents as "another factor which makes China really a great market to invest in and to do product."

"Here are great people, great young people, innovative people with brilliant minds," he said.

Scan the QR code and push it to your mobile phone

Keyword: Bosch

Reading:

What Chinese modernization means for multinationals eyeing new opportunities in China?

Germany's Bosch launches R&D, manufacturing site in east China city

Interview: Confidence level of foreign companies in China increasing -- Deloitte China chair

Foreign companies seize opportunities to accelerate investment in China

China, Europe cooperation fuels EV market

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial