Shanghai – Bosch, a world-leading technology and service provider, today announced that the Group’s performance in China reached a record high in 2017, with sales exceeding RMB 100 billion for the first time, reaching RMB 113.4 billion (approximately EUR 14.9 billion), achieving nearly 24% Significant growth. Outstanding performance is Bosch's transformation and innovation, which has provided a solid guarantee for leading IoT technology and intelligent transportation solution providers. 'As the group's largest single market outside of Germany, Bosch China will continue to remain strong in 2017. The growth has contributed more than 60% of sales to the entire Asia-Pacific market,” said Terui, who is a member of the Bosch Group’s Board of Directors and head of business in the Asia Pacific region. “In the future, we will continue to invest in the local market and accelerate the layout of the Internet of Things in China. '
All business segments in China have achieved positive growth
Benefiting from the rising market demand in the areas of commercial vehicles and new energy vehicles, as well as domestic consumption upgrades and the actual needs of the manufacturing industry transition, Bosch China has achieved positive growth in all its business segments in 2017. In 2018, the company expects to continue to maintain a steady growth. The development trend is higher than the domestic market.
Newly-established business unit to accelerate the Internet of Things strategy to land in China
China is a key market for Bosch IoT strategy. To further expand the company's leading position in the Internet business, Bosch has recently established two new business divisions, which are subordinate to the automotive and intelligent transportation business and industrial technology business. 'Based on these two new brands The unit, Bosch hopes to transform the unlimited opportunities brought by the Internet of Things into the Group's global business development and success, especially in China. 'Terry to introduce.
Bosch's new intelligent networking business unit can meet the global diversification of actual needs in the area of connected transport services. In China, this division will focus on expanding the future of life and transportation that is more suitable for China's current situation and provide consumer satisfaction. Travel Solutions. At present, projects including the new generation of smart parking have been launched. In the future, the company will also be committed to building and providing a range of travel services for the Chinese market and consumers, including data mining, advanced fleet management, etc. Will be implemented based on Bosch IoT components.
The newly-established 'Bosch Interconnect Industrial' unit will continue to expand its external business in the Industry 4.0 area. As the Chinese manufacturing industry transitions to the interconnected production upgrade, Bosch’s experience in manufacturing and industrial 4.0 accumulated in the industrial field is dedicated to the domestic market. In different industries, large-scale manufacturing companies provide industrial 4.0 solutions integrating software and hardware integration. With lean value flow as the core, Bosch currently actively promotes the Industry 4.0 project in Bosch plants in 15 cities in China.
Continuing Investment, Helping Local Internet Business Development
The year 2018 coincided with the 40th anniversary of China's reform and opening up. Concepts such as China's manufacturing of 2025, Industry 4.0, artificial intelligence, and the Internet of Everything continued to deepen in China. As the first batch of foreign companies entering the Chinese market, Bosch is also in the process of economic development in China. In the future, the company will predict the future market trends and carry out long-term and stable investment arrangements. Over the past ten years, the company has invested a total of nearly 40 billion yuan (approximately 4.8 billion euros) in the Chinese market. In 2017, Bosch invested in China. Up to 6.4 billion yuan (about 830 million euros).
'Bosch is a participant in the reform and opening up in the past 40 years, and its supporters are the beneficiaries. China's diversified consumer demand, ever-escalating industrial structure and huge market potential for the Internet of Things have brought Bosch many opportunities for business development. ' Dr. Chen Yudong, President of Bosch (China) Investment Co., Ltd. said.
In response to the growing demand for local Internet services, Bosch has actively expanded local cooperation and prepared for the long-term development of the Internet strategy. Currently, Bosch has many local companies, start-up companies, Internet companies and existing customers. Established a good partnership.
As the focus of the industry's future development, Bosch is actively deploying new energy and efficient powertrain systems in China. In March this year, Bosch Automotive Systems (Wuxi) Co., Ltd. formally laid the foundation for the world’s first battery industrialization project—48V battery for vehicles. The project will be started simultaneously. In the future, the Wuxi plant will become the Chinese headquarters of the Bosch Group's powertrain business, and it will also be an important base for development in China. On the other hand, to meet the increasing demand of Chinese consumers for interconnected and automated driving solutions Market demand, Bosch Automotive Multimedia Wuhu plant will be officially opened in May. The total investment of the factory reached 145 million yuan, in the future will mainly produce car dashboards and central gateways and other products.
Talent-driven innovation Sustainable development is also reflected in Bosch's investment in R&D and the demand for talents. In 2017, Bosch was again awarded the “Top Employer of China” award of the year by a distinguished employer research organization. This is Bosch's seventh consecutive year. Awarded 'Chinese Outstanding Employer'. In 2017, Bosch spent a total R&D expenditure of RMB 6.4 billion in China. It has 23 technology centers, and the number of newly registered patents has increased by 19% compared to last year. By the end of 2017, Bosch had nearly 60,000 employees in China. Of which, more than 6,850 employees are committed to R&D, accounting for nearly 12% of the company's total employees.
The strategic significance of software innovation for Bosch business is increasing. In the past two years, about one-third of the employees of Bosch China recruited are software related positions. This year, Bosch organized the 'Hacker Marathon' event to officially land in China, thousands of people. A programmer, a member of a startup company, and a designer will gather together to brainstorm ideas on topics such as Internet, Industry 4.0, Smart City and Smart Home to further deepen Bosch's strengths in the Internet of Things.
Bosch Group: Global Strategy and 2018 Performance Expectations At the group level, despite the overall economic downturn, Bosch still aims to achieve further business growth in 2018. Bosch Group's business reached a record high in 2017, taking into account the current economic and geopolitical factors The risk is that Bosch expects sales growth of 2% to 3% in 2018. Group sales in the first quarter of 2018 will continue to maintain strong growth, which will increase by about 5% year-on-year after adjusting for the impact of exchange rate factors. Bosch Group Chairman Wal-Mart At the Group's annual press conference held in Renningen, Dr. Kemar Dunner stated: 'Bosch has a wide range of industry experience and product expertise, giving us unique advantages in the integration of interconnection technologies.' Dr. Dunn believes Improving people's quality of life and protecting our ecological environment are all important strategic goals of the Bosch Group. He said: 'Bosch has always been adhering to the philosophy that science and technology are the fruits of life's beauty, and will do its utmost to develop technological solutions that benefit the environment. Bosch We hope to make people travel unimpeded and improve air quality. ' To achieve a zero-emission vision, Bosch is constantly adding Investment, optimization of internal combustion engine technology, and gaining market recognition in electric mobility. Bosch has achieved a breakthrough in diesel technology. With new diesel technology, Bosch engineers have successfully reduced NOx emissions to statutory limits. One-tenth of the emission limit. With this new technology, the average NOx emissions per kilometre of the test vehicle is less than 13 milligrams, which is far below the 120 milligram emission limit after 2020. 'The diesel technology has future development. Space, will remain an important part of future intelligent transportation solutions. ' Dr. Dunner said.