Bosch to invest $1 billion in EV parts factory in China | CNN Business

. The company plans to build a research, development and manufacturing facility for parts for new energy vehicles and automated-driving technology in Suzhou, a city in the country’s east, Bosch said in a statement on Thursday. It plans to invest around $1 billion in the project over the next years, the statement added. The first phase of the new facility is expected to be completed by mid-2024. “China is the world’s largest auto market, full of promise and vitality.

As a multinational enterprise, we need to make full use of the country’s local R&D capability and production capacity,” Stefan Hartung, chairman of the board of management of Bosch, said in the statement. Bosch has had a presence in China since 1909 and employs around 55,000 people in the country. The announcement comes two months after German Chancellor Olaf Scholz visited China with a team of top executives. This was the the first visit by a G7 leader to China in roughly three years.

Stop manufacturing in China!!!

So let’s all pray (?) that Taiwan won’t be attacked..

Ptdr… 😆 JohannMargulies

The west needs to decouple from China, not become more invested in it

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

China's local governments set 2023 growth targets, offering clues on economic recovery | CNN BusinessA number of key provinces and cities in China have announced their growth targets for this year, most of them above 5%, offering the first clues about the country's economic path in 2023. Satellite shows crematoriums in high demand due to Covid. Why isn’t CNN reporting about it?
Fuente: cnni - 🏆 326. / 59 Leer más »