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Bosch Sets Up Li-ion Project Unit
12 May 2008
Robert Bosch GmBH has set up a new project unit in its automotive group to develop high-performance lithium-ion batteries and packs, and to focus the company’s efforts on further developing the core competence it needs for the increased use of electrical motors in drive systems.
The unit reflects a larger Bosch effort on energy conservation. According to CEO Franz Fehrenbach, more than 40% of the research and development budget now goes into products that conserve resources and protect the environment.
Sales generated with these systems are expected to grow at a double-digit rate to more than €750 million (US$1.2 billion) in 2008, and are expected to exceed €1.2 billion (US$1.9 billion) in 2010.
May 12, 2008 in Brief | Permalink | Comments (4) | TrackBack (0)
Comments
Posted by: Harvey D | May 12, 2008 at 07:17 PM
The more, the merrier. The more players in this game, the greater chance of a winner.
Posted by: Cervus | May 12, 2008 at 10:31 PM
It's starting to look like a stampede to electrics ... and about time too.
Posted by: Neil | May 13, 2008 at 06:28 AM
Wonder if Dr. Anderman spoke to these people?
Posted by: gr | May 13, 2008 at 10:58 AM
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One more potential future battery packs producer? That's good news for PHEVs and BEVs.