The Bosch Group and electric vehicle company NIO signed a strategic cooperation agreement focused on sensor technology, automated driving, electric motor controls, and intelligent transport systems.
NIO began delivering its 7-seat high performance electric SUV, ES8, to its users in China in June. The vehicle contains key components from Bosch, such as driver assistance systems, control units, sensors and the iBooster electromechanical brake booster. The components will be further developed for NIO’s future models.
Bosch employs more than 60,000 associates at 60 locations in China and achieved sales of €14.9 billion on the Chinese market in 2017—a double-digit growth year on year. In total, Bosch has invested more than €4.8 billion in its Chinese locations over the past ten years—in 2017 alone, the sum was almost €840 million.
In Wuxi, the company has begun construction of a new mobility solutions facility, which will be the world’s first manufacturing facility for 48-volt batteries for electric cars. In November 2018, the first Bosch iBooster manufacturing site in Asia Pacific will be officially inaugurated in Nanjing to fulfill the increasing demand for electrified and autonomous solutions in China. Also this year, the second phase of the automotive electronics plant in Wujin, Changzhou, will be completed. Additionally, it is planned to open a center for artificial intelligence in China in 2018.
NIO was founded in November 2014 as a global electric vehicle company, with world-class research and development, design and manufacturing centers in Shanghai, Beijing, San Jose, Munich, London and nine other locations.