Bosch to set up new plants in country this year
The chairman of Robert Bosch GmbH, the German mobility, industry and software conglomerate, said on Monday that his group would develop solutions for all spheres of the internet of things in China amid the country's consumption upgrading boom - including further investing in new plants this year.
The group said it would open a new joint venture for gasoline engine management systems in Chongqing, an automotive electronics plant in Changzhou, Jiangsu province, a power tools plant in Chengdu, and a thermotechnology joint venture with Guangdong Vanward New Electric Co Ltd, a gas appliance exporter based in Foshan.
Bosch Chairman Volkmar Denner told China Daily in an interview in Beijing that his company would develop connected mobility, smart city and smart home products from a long-term perspective.
