In 2008, Bosch China's combined sales reached 22.8 billion yuan, an increase of 25% from 2007.

Shanghai-Bosch has demonstrated its advanced automotive technology solutions during the 2009 Shanghai International Auto Show. Bosch not only exhibited its innovative technologies for gasoline and diesel engines, but also included a full range of components and solutions for new energy vehicles. In addition, Bosch's latest localization research and development, production of products and solutions also debut this show.

Mr. Rui Shizhao, Director of Bosch Group and Head of Asia-Pacific Operations, stated: “As always, Bosch will demonstrate various automotive technology solutions that will make driving more clean, safer and more energy-efficient at the 2009 Shanghai International Auto Show. The continuous development of the industry will do its best."

Bosch China continues to grow in 2008

The rapid economic development in the world has also affected the Bosch Group's development in 2008. In spite of the rapid appreciation of the euro in the first half of the year, both sales and profits have reached expectations and are generally satisfactory. After adjusting for exchange rate fluctuations, sales increased by approximately 5%. However, in the second half of the year, especially in the fourth quarter, some business sectors were in a downturn. According to the current preliminary data, theoretically, Bosch Group's sales amounted to approximately 45 billion euros, a decrease of 2.8% from the previous year. At constant exchange rates, sales decreased by 0.6% year-on-year.

Despite the global economic downturn, Bosch's business in China continued to grow in 2008. Bosch China consolidated sales of RMB 22.8 billion (2.2 billion euros) in 2008, an increase of 25% from 2007.

Investment staff development

Mr. Rui Shiyi said: “Our strategy for long-term development in China is unwavering.” In 2008, Bosch invested approximately RMB 3 billion in China. As of the end of 2008, Bosch had a total of 20,200 employees in China, second only to Germany. Mr. Peng Deyuan, President of Bosch (China) Investment Co., Ltd. said: “Employees are our most important asset in China. Therefore, in this difficult time, our goal is to do everything possible to retain our core human resources. Moreover, we will continue our efforts in 2009. Investment in staff training. According to preliminary statistics, in 2008, the company spent approximately RMB 36.3 million on employee training.

Full range of new energy automotive innovative solutions and localized products into Bosch booth highlights

The Bosch Exhibition at the 2009 Shanghai International Auto Show is divided into two major regions.

In the global innovation exhibition area, Bosch will highlight its global technological achievements in the fields of gasoline technology, diesel technology, hybrid power and electric vehicle technology. In the field of new energy automotive technology, Bosch has accumulated more than 30 years of extensive experience and has strong expertise in batteries, electric drives, braking systems, engine management systems and transmission control. In addition, the company also offers a rich product line series that can be used for parallel hybrid systems and hybrid hybrid systems, including high-powered drive motors, power electronics and DC voltage converters.

Mr. Peng Deyuan revealed: “Bosch will launch safe, long-lasting lithium-ion batteries for hybrid and electric vehicles in China to better serve our customers in China.” In 2008, Bosch established a company with Samsung. Joint venture to jointly develop high power density lithium-ion batteries.

In the localization solution exhibition area, Bosch displayed the latest achievements in local R&D and production. This is Bosch's first demonstration of its local production start/stop system. Since the system was introduced in 2008, Bosch has applied it to a number of Chinese host companies. The company expects that the major components of the system will achieve more than 70% of local production by 2010.

In addition, Bosch also exhibited for the first time a new common rail system, CRS 1.3, which optimizes fuel injection, allows it to burn more fully, and is easily upgraded to meet the National IV emission standards. The system's high-pressure pump is the first high-pressure pump product jointly developed by Bosch and Weifu and produced by Weifu. Weifu and Bosch established a joint venture in 2004 to cooperate in clean diesel technology. With the CRS 1.3 common-rail injection system and the ever-increasing localization rate, Bosch will be able to meet the ever-increasing cost requirements of its customers and even expand its products into the low-end light commercial vehicle sector.

Bosch welcomes a new chapter in China

Bosch entered the Chinese market as early as 1909 and will celebrate its 100th anniversary in China in 2009. Mr. Peng Deyuan said: “For 100 years, Bosch has strived to develop itself into a local company rooted in China. Our 100th anniversary celebration marks the company’s new starting point for development in China. At the same time, we are full of passion for the next 100 years. We hope to make greater contributions to China's development."