Munich, Germany – In electromobility, no other company offers as many options as Bosch: from e-bikes to construction machinery, and from silicon carbide chips to pre-integrated e-axle modules. And this is paying off: in electromobility, Bosch is growing twice as fast as the market, and will generate more than 1 billion euros in sales this year. This business is continuing to gain speed: by 2025, sales are expected to grow five-fold. “Electromobility will become a core business for us, and CO₂-free mobility a growth area. We are turning challenges into opportunities – that’s how we do things at Bosch,” said Dr. Volkmar Denner, chairman of the Bosch board of management, at IAA Mobility 2021 in Munich. These growth areas also include automated driving. Driver assistance is the basis for all the levels of automated driving. At 40 percent, the market leader Bosch is growing faster than the market in this field as well. The company’s healthy position in the areas of electromobility and automated driving is helping it to successfully hold its own in a market environment marked by the Covid crisis, chip shortages, and the even faster transformation of the mobility sphere: the sales revenue of its Mobility Solutions business sector will grow 10 percent this year. “Bosch is a technology leader, and this means business success,” Denner said.
Mobility is the largest Bosch Group business sector. It generated sales of 52.6 billion euros in 2022, and thus contributed almost 60 percent of total sales. This makes the Bosch Group one of the leading automotive suppliers. The Mobility business sector pursues a vision of mobility that is safe, sustainable, and exciting. For its customers, the outcome is integrated mobility solutions. The business sector’s main areas of activity are injection technology and powertrain peripherals for internal-combustion engines, diverse solutions for powertrain electrification, vehicle safety systems, driver-assistance and automated functions, technology for user-friendly infotainment as well as vehicle-to-vehicle and vehicle-to-infrastructure communication, repair-shop concepts, and technology and services for the automotive aftermarket. Bosch is synonymous with important automotive innovations, such as electronic engine management, the ESP anti-skid system, and common-rail diesel technology.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 421,000 associates worldwide (as of December 31, 2022). The company generated sales of 88.2 billion euros in 2022. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 136 locations across the globe, Bosch employs some 85,500 associates in research and development, of which nearly 44,000 are software engineers.
Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPress.