Bosch will invest more than $1 billion to develop and manufacture car parts and automated-driving technology in Suzhou, according to a signing ceremony held in the city on January 12. 

The investment will focus on electric-vehicle components including silicon carbide (SiC) power devices and the next-generation integrated power brake (IPB 2.0) as well as R&D associated with Bosch China’s advanced driving solution. 

Via video link, Stefan Hartung, chairman of the board of management of Bosch, said that a multinational company needs to make full use of local R&D and production capabilities. Noting China is the world's largest automotive market with resilient and dynamic growths, he said Bosch will effectively strengthen its global competitiveness by continuing development in the country. 

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