Bosch sees 19% rise in China sales

Updated 2017-05-19 09:32:18 Shanghai Daily

German industrial group Bosch garnered a 19 percent rise in sales in China last year from a year ago to 91.5 billion yuan (.3 billion), led by its applications in new-energy vehicles and smart transport.

Sales in China accounted for 17 percent of Bosch's global total of 73.1 billion euros ( billion) last year, with the market being the biggest outside Germany. Automobiles were the fastest growing sector, whose sales jumped 23 percent from 2015 — higher than the gross annual growth of 14 percent in car sales in China.

"Such an increase benefited from our investment and development in new-energy car applications, covering batteries and connecting systems," said Peter Tyroller, management board member of Bosch.

Bosch invested 5.6 billion yuan in research and development in China last year.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 23 2017 06:29:18

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 23 2017 06:29:18

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 23 2017 06:29:18

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords