Bosch Automotive Products, a subsidiary of the Bosch Group, has signed an investment agreement with Suzhou Industrial Park Administrative Committee to develop a new base for R&D and production. The facility, named Bosch R&D and Manufacturing Base for New Energy Vehicles Core Components and Automated Driving will be based in Suzhou, China.

Expected to covering a 300,000 square-meter area (3.2 million square feet), the new base will focus on developing key automated driving technologies and electrified drive products. Among these products are new SiC power modules, integrated power brakes, and decoupled power brakes.

Through the agreement, Bosch expects to invest around $1 billion (around 7 billion yen / €950 million) into the new facility over the next two years. It likewise projects that the establishment of the project’s first phase is due for completion by the middle of 2024.

The signing ceremony of the investment agreement was attended by Mr. Qingwen Wu, Mayor of Suzhou Municipal Government; Mr. Mi Shen, Party Secretary of Suzhou Industrial Park Administrative Committee; Dr. Yudong Chen, President of Bosch China; and Mr. Georges Andary, General Manager of Bosch Automotive Products.