SHANGHAI - Bosch, the world's leading technology and service provider, today announced that its performance in China reached a new high in 2017, with sales exceeding 100 billion for the first time, reaching RMB 113.4 billion (approximately 14.9 billion Euros), achieving nearly 24 % has grown substantially. Outstanding performance is Bosch's transformation and innovation, and it has become a leading provider of IoT technology and intelligent transportation solutions. “As the Group's largest single market outside Germany, Bosch China will continue to maintain strong growth in 2017, contributing more than 60% of sales to the entire Asia Pacific market,†said Terry, a member of the Bosch Group's board of directors and Asia Pacific business. "In the future, we will continue to invest in the local market and accelerate the layout of the Internet of Things in China." Benefiting from the rising market demand in the commercial vehicle and new energy vehicles sector, as well as the actual needs of domestic consumption upgrades and manufacturing industry transformation, Bosch China's business segments have achieved positive growth in 2017. In 2018, the company expects to continue to maintain a steady development trend, which is higher than the domestic market. China is a key market for Bosch's Internet of Things strategy. In order to further expand the company's leading edge in the field of connected services, Bosch recently established two new business divisions, which belong to the automotive and intelligent transportation business and industrial technology business. "Based on these two new units, 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 said. Bosch's new Intelligent Networking Division meets the growing global demand for interconnected transportation services. In China, this division will focus on expanding the life and transportation scenarios that are more suitable for China's current situation and providing travel solutions that meet the needs of consumers. At present, projects including a new generation of intelligent parking have been launched. In the future, the company will also strive to build and provide a series of travel services for the Chinese market and consumers, including data deep mining, advanced fleet management, etc., all based on Bosch. The IoT component is implemented. The newly established "Bosch Internet Industry" unit will continue to develop its external business in the field of Industry 4.0. With the transformation and upgrading of China's manufacturing industry towards connected production, Bosch's experience in manufacturing and industrial 4.0 accumulated in the industrial field is dedicated to providing industrial 4.0 solutions integrating software and hardware for manufacturing companies of different industries and scales in China. At the core of Lean Value Stream, Bosch is currently actively promoting the Industry 4.0 project at Bosch plants in 15 cities in China. In 2018, it coincided with the 40th anniversary of China's reform and opening up. The concepts of China Manufacturing 2025, Industry 4.0, Artificial Intelligence, and the Internet of Everything continued to deepen in China. As one of the earliest foreign-funded enterprises entering the Chinese market, Bosch also prejudges future market trends in the process of China's economic development and has long-term and stable investment layout. In the past ten years, the company's cumulative investment in the Chinese market has reached nearly 40 billion yuan (about 4.8 billion euros). In 2017, Bosch's total investment in China was as high as 6.4 billion yuan (about 830 million euros). “Bosch is a participant and supporter of reform and opening up in the past 40 years. China’s diversified consumer demand, escalating industrial structure and huge potential of the Internet of Things market have brought many opportunities for Bosch’s business development. Dr. Chen Yudong, President of Bosch (China) Investment Co., Ltd. said. In line with the growing demand for interconnected services in the country, Bosch has actively expanded its local cooperation and prepared for the long-term development of the interconnection strategy. At present, Bosch has established good partnerships with many local companies, startups, Internet companies and existing customers. As the focus of the industry's future development, Bosch is actively deploying new energy fields and high-efficiency powertrain systems in China. In March of this year, Bosch Automotive Systems (Wuxi) Co., Ltd. officially laid the foundation, the world's first battery industrialization project - the 48V battery project for vehicles started construction simultaneously. In the future, the Wuxi plant will become the China headquarters of the Bosch Group's powertrain business and an important base for development in China. On the other hand, in order to meet the growing market demand of Chinese consumers for interconnected and autonomous driving solutions, Bosch Automotive Multimedia Wuhu Factory will officially open in May. The total investment of the factory is 145 million yuan. In the future, it will mainly produce products such as dashboards and central gateways in the car. Sustained investment is also reflected in Bosch's R&D investment and demand for talent. In 2017, Bosch was once again awarded the “Top Ten Outstanding Employers in China†award by the Distinguished Employers Research Institute. This is the seventh consecutive year that Bosch has been awarded “China's Top Employerâ€. In 2017, Bosch's total R&D expenditure in China was as high as 6.4 billion yuan, with 23 technical centers, and the number of newly registered patents increased by 19% compared with last year. As of the end of 2017, Bosch has nearly 60,000 employees in China, of which more than 6,850 employees are committed to research and development, accounting for nearly 12% of the company's total workforce. The strategic significance of software innovation for Bosch's business is increasing. In the past two years, about one-third of the employees employed by Bosch China have been software-related positions. This year, the "Hacker Marathon" event held by Bosch will officially land in China. Thousands of programmers, start-up company members and designers will gather together to gather ideas on topics such as Internet transportation, industry 4.0, smart city and smart home. The advantages of Bosch in the field of Internet of Things. At the group level, despite the overall economic downturn, Bosch is still aiming for further business growth in 2018. In 2017, the Bosch Group's business reached a new high, and considering the risks posed by current economic and geopolitical factors, Bosch expects sales growth of 2% to 3% in 2018. In the first quarter of 2018, the Group's sales continued to maintain strong growth, and after adjusting for the impact of exchange rate factors, it increased by about 5% year-on-year. Dr. Volkmar Dunnell, Chairman of the Board of Directors of the Bosch Group, said at the Group's annual press conference held in Reingen: "Bosch has extensive industry experience and product know-how, giving us a unique advantage in integrating interconnect technology. Dr. Dunnar believes that improving the quality of people's lives and protecting our ecological environment are also important strategic goals of the Bosch Group. He said: "Bosch always adheres to the philosophy of 'Science and technology to achieve the beauty of life' and strives to develop technical solutions that are environmentally friendly. Bosch hopes to make people travel unimpeded and improve air quality." Bosch is constantly increasing its vision to achieve zero emissions. Investment, optimization of internal combustion engine technology, and market recognition in the field of electrified transportation. Bosch has achieved a breakthrough in the field of diesel technology. With new diesel technology, Bosch engineers have successfully reduced nitrogen oxide emissions to one-tenth of the statutory emission limits. The average vehicle emissions per kilometer of test vehicles using this new technology is less than 13 milligrams, which is well below the 120 millimeter emission regulations after 2020. “Diesel technology has room for future development and will remain an important part of future intelligent transportation solutions,†said Dr Dunner.
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Tairilai, member of the board of directors of Bosch Group and head of Asia Pacific 
Chen Yudongbo, President of Bosch (China) Investment Co., Ltd.
