On December 22, Bosch China and Qingling Automobile (Group) Co., Ltd., a high-end commercial vehicle manufacturer in China, signed a joint venture agreement in Chongqing. The two parties will establish a joint venture company to jointly develop and sell fuel cell solutions. The registered capital of the joint venture is RMB 800 million, of which Bosch holds 60% of the shares and Qingling holds 40%. The newly established company will be mainly responsible for the development, application, assembly, sales and service of fuel cell systems. Upholding the common vision of the "Hydrogen Future", the two parties will combine advanced technology and experience and advantages in the local market-including Bosch's expertise in fuel cell systems, provide key components such as stacks and key accessories, and Qingling In-depth insights into commercial vehicles and the local market. 

    The establishment of the joint venture is another key strategic move for Bosch to promote the commercialization of fuel cell technology in China. “China is an important market for the development and application of fuel cell technology. Combining Bosch’s comprehensive expertise in the field of fuel cell systems, Qingling’s rich experience in commercial vehicle manufacturing, and the firm determination of both parties to develop fuel cell technology, the joint venture will Bringing leading fuel cell solutions to the local market and providing Chinese customers with advanced and competitive fuel cell systems,” said Wang Weiliang, President of Bosch Powertrain China at the signing ceremony. “In addition to internal combustion engine technology, fuel cells are also A core technology in Bosch's powertrain product portfolio. We hope to actively support the transformation and upgrading of China's auto industry and help realize the vision of zero-emission transportation in the future."

     According to the latest "Energy-saving and New Energy Vehicle Technology Roadmap 2.0" released by the Chinese Society of Automotive Engineers, between 2030-2035, the number of fuel cell vehicles will reach 1 million. At the same time, fuel cell vehicles in the commercial vehicle field will enter earlier Promotion and application stage. Bosch is optimistic about the future of the hydrogen energy market for a long time and continues to invest. At present, Bosch has established a hydrogen fuel cell center in Wuxi for research and development, and plans to realize small-batch production of fuel cell products in 2021. In addition, Bosch has also cooperated with the Swedish stack manufacturer Powercell to develop the core component of the fuel cell-the stack. The two parties are committed to research and development of stacks that meet market needs and promote their production, aiming to launch low-cost, high-performance fuel cell stack solutions.

    Qingling has extensive experience in the field of electrified transportation and has established a long-term cooperative relationship with Bosch China in fuel injection systems and aftertreatment systems. "I am very pleased that the partnership between Qingling and Bosch has been further deepened. We believe that the establishment of the joint venture will be a win-win initiative," said Du Weidong, Secretary of the Party Committee and Chairman of Qingling Automobile (Group) Co., Ltd., "This cooperation It not only shows that we have taken a solid step towards the industrialization of fuel cell systems, but also will make outstanding contributions to the high-quality development of China's automobile industry."