Bosch to invest 4 billion euros in the creation of unmanned vehicles

114529

One of the world's leading suppliers of automotive components will invest 4 billion euros in the development of unmanned vehicles by the end of 2022. Over the next five years, Bosch will hire 25,000 specialists to develop new software. The company also plans to expand the number of employees specializing in artificial intelligence to 4,000 by the end of 2021. Bosch has traditionally made a profit on sales of diesel engines. However, by 2025, the company plans to increase revenue in the segment of electric vehicles 10 times. Bosch CEO is confident that in the future the company will be able to compete with Waymo - a division of the Google's parent company, which produces drones.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: