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Bosch to open billion-dollar research and development centre in Suzhou, China

BERLIN (Reuters) - German automotive supplier Bosch is investing around one billion dollars in a new research, development and assembly centre in Suzhou, China, the company said...
Bosch to open billion-dollar research and development centre in Suzhou, China © Reuters. The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko

BERLIN (Reuters) - German automotive supplier Bosch is investing around one billion dollars in a new research, development and assembly centre in Suzhou, China, the company said on Thursday, with the first phase of the project ready by mid-2024.

The 300,000-square-metre centre will develop and assemble components for electromobility and automated driving to sell primarily to Chinese customers, it said.

Bosch already has four factories in Suzhou, employing almost 10,000 workers.

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23-02-2024 03:48:39 (UTC+7)

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 EUR/USD1.0820↑ Sell
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 USD/CAD1.3486Buy
 EUR/JPY162.88↑ Sell
 EUR/CHF0.9527↑ Sell
 Gold2,033.25Neutral
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 US Coffee C183.23↑ Buy
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 FTSE 1007,684.49↑ Sell
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 Small Cap 20002,011.50↑ Buy
 IBEX 3510,138.90↑ Sell
 BASF46.845↑ Buy
 Bayer28.91↑ Sell
 Allianz255.10Sell
 Adidas187.82Neutral
 Lufthansa7.503Sell
 Siemens AG172.10↑ Sell
 Deutsche Bank AG12.252Neutral
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