Bosch has expressed its confidence in China's future and its commitment to investing in new technologies and smart mobility solutions in the city. Over the past decade, the company has invested 50 billion yuan in China and plans to increase investments in areas like new-energy vehicles, software, artificial intelligence, and hydrogen technology. With a significant portion of its China business coming from automotive parts and smart mobility services, Bosch aims to capitalize on the growing presence of local electric vehicles in domestic and international markets. The company's sales in China experienced a 5.2 percent year-on-year growth in 2023, reaching 139.1 billion yuan, solidifying its position as the largest market outside of Germany. By focusing on growth fields and leveraging local resources, Bosch anticipates maintaining a strong presence in the Chinese market. The establishment of the new Bosch Hydrogen Powertrain Systems site in Chongqing in 2021 signifies the company's commitment to advancing hydrogen technology and innovation. With a sizable workforce in China, Bosch continues to explore opportunities to integrate research expertise and local resources to align with market trends and drive further growth.