Robert Bosch GmbH, one of the world's largest auto parts suppliers, has announced the establishment of an Electric Drive and Hybrid Division in China.
Bosch said that the new department will focus on electric vehicle drives.
According to Franz Fehrenbach, the chairman of the board of management of Robert Bosch GmbH, Bosch will invest about CNY1.5 billion [...]

Despite the slowing global economy and planned employee lay-offs around the world, German industrial giant Siemens has announced that it intends to invest considerably more in China than it had previously planned.