Bosch breaks billions with e-mobility

Bosch breaks billions with e-mobility

The technology group's e-mobility portfolio ranges from e-bikes to construction machines, from silicon carbide chips to pre-integrated e-axle modules. “Electromobility is becoming our core business, CO₂-free mobility is becoming a growth area," said Volkmar Denner, Chairman of the Bosch Management Board, on the occasion of the IAA Mobility 2021 in Munich. The growth areas also include automated driving. Driver assistance forms the basis for all expansion stages. Market leader Bosch is also growing faster than the market here at 40 percent. The company's good positioning in the fields of electromobility and automated driving contributes to the fact that Bosch is in a situation affected by the coronavirus crisis, semiconductor shortages and can successfully compete in a market environment characterized by the accelerated transformation of mobility: sales in the Mobility Solutions division will increase by ten percent this year. “Bosch is a technological leader and therefore commercially successful,” says Denner.

Investment in electrification

So far, Bosch has already invested five billion euros in its electric drive solutions, and this year another 700 million euros will be added. "We are preparing for the demand for electric vehicles to increase globally. Around the world, 60 percent of all new registrations are expected to be electric cars in 2035," says Stefan Hartung, Bosch Managing Director and Chairman of the Mobility Solutions division. For ten years now, Bosch has been proving with e-bikes that innovative power can create new markets. The company's aim is to shape the mobility of the future on a broad scale: "It has to protect the climate, but not least in view of the EU's ambitious goals it must also be affordable and attractive," adds Denner. “This is the only way people and goods will be mobile tomorrow.” To this end, Bosch continues to pursue a technology-open approach and offers climate-friendly solutions for all types of mobility worldwide within the respective political framework. In addition to batteries, Bosch is also investing in fuel cell drives and is pursuing customer projects in China as well as in the USA and Europe. The first trucks with Bosch technology are already on Chinese roads. In Munich, Bosch is currently presenting a new flexible charging cable for electric cars with integrated control and safety technology as well as adapters for type 2 and household plugs.