October 13, Bosch Group Chairman Franz Bach Run (Franz Fehrenbach) came to Beijing. Decline in the volatility of the global economic environment, Fehrenbach remains optimistic about China. He announced that over the next three years, systems Bosch common-rail diesel business in the region some 200 million additional investment.
Reporter: This year, many multinational companies are facing economic problems, how to maintain the rapid growth of Bosch?
Fehrenbach: Many people talk about the world of big business will eventually disappear from the world became a necessity. But I do not believe in DNA Bosch, constant technological innovation and R & D investment is to maintain the stability of energy are important factors.
Bosch’s annual R & D over three billion euros. In the automotive field, Bosch was 10% of sales is used to invest in research and development, will not be because of the global economic slowdown, the economic slowdown and the reduction of R & D.
In addition, Robert Bosch GmbH guarantees the ownership structure of financial independence and entrepreneurial freedom. As everyone knows, Bosch Group, 92% of shares held by Robert Bosch Foundation, can ensure that the benefit of the company and shareholder interests in this part.
Reporter: This year marks the business growth of Bosch in the Asia-Pacific region, how? How do you see the future development of the Bosch business in China?
Fehrenbach: This year marks Bosch’s worldwide sales should reach 47 billion euros, including Asia-Pacific business is Bosch main engine of growth, the Asia-Pacific business accounts for about 16% of the activity World Bosch expected to increase by 2015 to 25%.
Turnover in 2008 by Bosch in China will reach 2.3 billion euros (about 25 billion yuan), an increase of 30%. We can say that without growth in China, there is no growth Bosch. Although the Chinese market is currently in a period of cyclical adjustment, but we remain optimistic about its prospects for development.
Reporter: Bosch money in the acquisition this year of an electric car company in Germany, in May I ask how you see the prospects of development of new energy vehicles?
Fehrenbach: Bosch is a stage race: in 2020, focused on reducing emissions of carbon dioxide and improve the efficiency of combustion engine in 2020 and beyond, is the development of Hybrid cars, electric vehicles, and become the mainstream market.
In the development of battery technology, I believe that lithium-electronic technology is only the beginning, the battery technology needs to go a long way. Bosch intends to enter the central area of battery technology, which Bosch has chosen a great experience in battery technology, the Samsung as a partner. We expect in 2012 for the automotive industry with car batteries.
Now look, we are very mindful of the major manufacturers in the area of movement of electric vehicles, and some manufacturers to quickly bring the car lithium-ion battery. We believe that it currently appears very safe, because if the case where a major security incident, will mean the end of this technology. Therefore, we also remind you that the lithium-ion battery in the system of transport or other vehicle systems should be more careful.
Reporter: Bosch and Mahle joint venture to develop the company’s production supercharged engine, and plans to accept orders in China in 2009. However, the current turbo models from China and sales are few ways to see China’s development in this regard?
Fehrenbach: Currently, the international market, 50% diesel vehicles in the use of turbochargers, turbocharger can say that the use of diesel vehicles has been very popular, the future is to see in the area engine turbo gasoline use.
Because of the political and energy, the environment is more urgent in the internal combustion engine to reduce emissions and save energy. Currently the United States, 6-cylinder engine is replaced by eight-cylinder engine in Europe, four cylinder engine is replaced by six-cylinder engine. At the same time people are out of energy needs, it will inevitably require the engine to install one or even two turbochargers. Because we believe that prospects for the development of turbochargers is very good. I believe in China.