Bosch Group in Germany optimistic about the prospects of the Chinese market
Peter Tirol, a member of the board of directors of the German Bosch Group and head of the Asia-Pacific region, said that the company believes that the Chinese economy will continue to maintain steady growth in the future, and Bosch Group has great potential for growth in the Chinese market.
During the group's annual press conference held in Stuttgart, Tirol told Xinhua News Agency that the Bosch Group is full of confidence in China's economic growth this year and believes that the Chinese economy will continue to grow in the future. Bosch has many aspects in the Chinese market. Growth opportunities.
In accordance with the previously announced goals, Bosch hopes to double its annual sales in the Asia-Pacific region by 2020. Tirol said that the Asia-Pacific region is one of the fastest growing sales regions of the Bosch Group. In 2013, sales in the Asia Pacific region accounted for nearly a quarter of the total group, of which sales in the Chinese market accounted for about 10% of total sales. Last year Bosch Group's sales in China increased by 18% over the previous year.
Tirol believes that China’s practice of subsidizing the purchase of new energy vehicles is very important for the promotion of new energy vehicles and helps to improve the environment. This is commendable. Bosch has achieved localization of electric vehicle batteries, electric control and motors in China. He said that in the Chinese market, Bosch still has room for improvement in areas such as reducing emissions, fuel consumption, and safety technology.
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