BIZCHINA / From the Industry
Bosch mega bucks for auto safety
By Li Fangfang (China Daily)
Updated: 2007-04-26 06:58
Bosch Group, one of the leading global auto parts makers, has announced
that its investment on automotive safety technologies in China will total
over 170 million euros by the end of this year.
"As a pioneer in automotive safety technologies with extensive
international experience, Bosch will partner with the local automotive
industry to support China's efforts in reducing road accidents by both
providing latest technologies and promoting automobile safety
technology," said Rudolf Colm, member of the company's board of
management, at an auto safety symposium jointly hosted by Bosch and the
China Association of Automobile Manufacturers at the 2007 Shanghai Auto
Show.
The German company will invest around 100 million yuan to establish a
winter test track in North China's Inner Mongolia Autonomous Region this
year. It will consist of an icy test track and a ground test track. Upon
its completion in 2008, it will be the largest winter test track in China.
The investment will step up Bosch's local engineering capability and help
to bring advanced technologies to Bosch's customers in China.
Apart from the Inner Mongolia project, the investment of 170 million
euros includes an injection of more than 110 million euros in production,
research and development, laboratories and test facilities in Suzhou,
East China's Jiangsu Province.
Also planned are some 2 million euros in the recently inaugurated vehicle
verification road in Suzhou and 50 million euros in the Dalian plant of
the Pacifica Group, an Australian automotive technology company in which
Bosch has acquired a controlling stake.
"Increased automotive safety has been a global concern in the past
decades. We will draw from our experiences worldwide to fulfill our
commitment to making driving safer in China. Bosch has already put local
development and application facilities in place to support the need for
auto safety in China," said Peter Pang, president of Bosch (China)
Investment Ltd.
"We will work closely with local car manufacturers to develop and promote
both active and passive safety functions," Pang added.
(For more biz stories, please visit Industry Updates)
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