German firm Bosch has announced it would be opening a new plant in Changzhou, China, coupled with a 100 million euro investment by 2019. The facility will mainly produce parts for «automated driving».
German engineering and electronics giant Bosch has announced its plans to open a new plant in the southeastern Chinese city of Changzhou.
The press release states that this move was undertaken to strengthen the successful localization strategy and underline «Bosch’s confidence in the Chinese market». To that end, the firm is showing its confidence to the tune of 800 million CNY (100 million euros) in investments in the site by 2019. The 1,300 employees will produce a variety of electronic components as a reaction to «growing local demand for connected products and solutions», said Kalus Meder, the President of Bosch Automotive Electronics.
