In 2022, Bosch exceeded its business goals in a very challenging year. The supplier of technology and services increased total sales to 88.2 billion euros, while in the previous year it amounted to 78.7 billion euros.
The company records positive results in all spheres of business, including in the mobility sector, in accordance with the changed requirements of the market and customers.
The goal is to maintain a leadership position as a leading technology provider and preferred partner for customers in the mobility industry.
What until now was the Mobility Solutions business sector, with around 230,000 associates in more than 300 locations in 66 countries worldwide, will now be known as the “Bosch Mobility” business sector.
Within the company, this sector will be responsible for its own operations and will have its own leadership team. From January 1, 2024, certain divisions will be reshaped and will also be assigned horizontal responsibilities.
The chairman of the Bosch company, Dr. Stefan Hartung, announced that the goal is for the newly restructured business in the mobility sector to grow annually by an average of about 6 percent until 2029, when it will achieve annual sales of more than 80 billion euros.
One of the pillars of its future growth will be the automotive software market, which is expected to triple by the end of the decade. In this market, Bosch Mobility will provide its customers with software solutions for operating systems and domain-specific applications for software-defined vehicles.
Bosch is also significantly expanding its business in the field of automotive electronics: to meet the growing demand for silicon carbide chips, the company plans to acquire parts of the business of the American chipmaker TSI Semiconductors.
Over the next few years, Bosch wants to invest more than 1.4 billion euros in the US company’s location in Roseville, California, and to remodel its production facilities.
Starting in 2026, the first chips on 200 millimeter wafers based on the innovative material silicon carbide (SiC) will be produced there.
Source: Auto magazin by www.magazinauto.com.
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