The Bosch Group and electric vehicle company NIO signed a strategic cooperation agreement focused on sensor technology, automated driving, electric motor controls, and intelligent transport systems.
The signing ceremony took place in Berlin in the presence of German Chancellor Dr. Angela Merkel and Chinese Premier Li Keqiang.
NIO began delivering its 7-seat high performance electric SUV, ES8, to its users in China in June. The vehicle contains key components from Bosch, such as driver assistance systems, control units, sensors and the iBooster electromechanical brake booster. The components will be further developed for NIO’s future models.
Bosch employs more than 60,000 associates at 60 locations in China and has achieved sales of €14.9 billion ($17.3 billion) in the Chinese market in 2017. Bosch focuses on strong localisation in China. In addition to local partnerships, the focus is on local manufacturing, research and development for the Chinese market.
In Wuxi, Bosch has begun construction of a new mobility solutions facility, which will be the world’s first manufacturing facility for 48-volt batteries for electric cars. In November 2018, the first Bosch iBooster manufacturing site in Asia Pacific will be officially inaugurated in Nanjing to fulfill the increasing demand for electrified and autonomous solutions in China.
NIO was founded in November 2014 as a global electric vehicle company, with world-class research and development, design and manufacturing centres in Shanghai, Beijing, San Jose, Munich, London and nine other locations.
Headed by Kris Tomasson, Vice President of Design, NIO’s global brand and product design is being developed in Germany. In November 2017, NIO’s German branch, NIO GmbH, was given an innovative leader award by the Chinese Chamber of Commerce in Germany.