technology and services company Bosch Bosch 2019 global revenues of 77.9 billion euros, unchanged from the previous year. Bosch said that even if the economic situation remains challenging, with the continued business investment potential. And plans in 2020 to electrification, automation, interconnection of traffic invest more than one billion euros.
Bosch Group, said its operating income before tax for the financial year 2019 profit of 30 million euros, slightly below 4 percentage, primarily due to the market decline in vehicle production in China and India, the diesel engine car market share shrinking, traffic solutions business group restructuring and other organizations, as well as to increase the impact of future pre-investment in key projects and other factors.
Bosch each business group performance: transportation solutions than global vehicle production growth rate
2019 Bosch performance of each business group quite. Among them, the proportion of total revenue of the Group’s highest transportation solutions business group, outperforming global automotive production growth rate. Its turnover of 47 billion euros, unchanged from the previous year, down 0.1 percentage minor items, adjusted for the effects of exchange rate 1.5 percentage recession. Turnover of Consumer Products Group of 17.8 billion euros, after 0.2 percentage nominal decline, the exchange rate fell 0.6 percentage adjusted to effect.
While the overall field of mechanical engineering orders decreased by 4 percentage turnover science and technology industrial base is still as high as 7.4 billion euros, 0.1 percentage contrarian growth over the previous year, adjusted for currency effects, compared with 1.2 percentage recession. Turnover Energy and Technology Business Group grew 1.5 percentage buildings, amounting to 5.6 billion euros, adjusted for the currency effect of 0.8 percentage. The BSH appliances and power tools in a highly competitive environment, maintained its market position. Among them, the performance of the power tool is better than the market level.
Asia-Pacific weak, mainly due to China and India auto market downturn impact
In accordance with the country market point of view, Bosch business in Europe steady, turnover 41 billion euros, unchanged from the previous year. North America Camp5.3 percentage turnover growth industry, amounting to 13 billion euros, adjusted for currency effects, compared with 0.5 percentage recession. South America revenues of 1.4 billion euros, 1.1 percentage nominal growth, adjusted for currency effects the growth of 5.3 percentage. Weak overall business development in the region, mainly due to China and India auto market downturn impact. Even if Japan and Southeast Asian markets performed strongly, turnover still decline 3.1 percent to 22.5 billion euros, to 4.5 percentage decline in the adjusted exchange rate effects.
Dr. Deng Canal
Chairman of views on the future traffic
“Not only will the future of transportation electrification and automation, will become more interconnected and personalized,” Group Board Dr. Deng Canal Chair said. Compared to other companies, Bosch’s diverse product portfolio, we have been ill-prepared for all types of traffic scenes and technological development. However, Dr. Lull Deng also pointed out the major challenges facing: First, the irrational arguments of the car has any objective for the road transport sector, detailed discussions impediment. At the same time, the automotive industry should also take more time to this transition period.
Dr. Deng Canal stressed: “Especially when it comes to personnel changes, electrification transformation impossible Yicukeji” Moreover, the economic situation is exacerbate structural changes in the industry. Bosch global automotive market in 2020 is expected to be the third consecutive year of recession, falling 2.6 percent to 8,900 million units, compared with 2017, it is estimated will be reduced by nearly 10 million vehicles. Bosch believes the next few years the global automobile market will continue to shrink, to 2025 will see growth.
Bosch future investment focus on fuel cell and autopilot
investment business in 2020, Bosch is expected to invest 500 million euros in the electric vehicle field of fuel cells, etc., in automatic driving aspects will invest over 600 million euros and 100 million euros invested in Internet traffic solutions.
Bocsh said automatic driving for safety, in addition to the camera and radar, but also added to the first three kinds of sensor technology. to this end, Bocsh begin production of long-haul optical sensor. Radar ranging tool effectively detect non-metallic objects like stones on the road surface in the distance, which represents a sufficient time for the vehicle braking, steering and other driving operations.
In addition, Bosch is also actively promote the commercialization of fuel cell power system technology, and the establishment of strategic alliances with Powercell, the core parts and stack the development of the power system, and plans to market in 2022. Bosch market research data indicate that, by 2030, two thirds of the new cars will still use diesel or gasoline, which contains part of the hybrid vehicle. Dr. Deng Canal, said: “Technology neutrality is a prerequisite to achieve zero-emission transportation, and it is the only way to protect the public burden affordable transportation.” Combination of highly efficient internal combustion engine and an electric motor that is advanced its solutions.
Bosch also actively promote the use of renewable fuels synthesis. Dr. Deng Lull said: “The existing vehicles already on the road also need to do something to reduce carbon dioxide emissions, and the use of renewable synthetic fuels can make process to achieve carbon neutral.” Called for policy makers to design appropriate framework to create a technology-neutral innovation friendly environment.
Bosch: fundamental changes in the auto industry business opportunities
Canal Deng said: diversification “Traffic does not mean the end of the existing modes of transportation, but also not mean the end of the era of the automobile. fundamental changes in the auto industry for Bosch is a major business opportunity. “future traffic demand will continue to grow. Data International Transport Forum said the global personal transport will grow by nearly 50 percentage between 2015 and 2030.
“In the foreseeable future, the car will remain the main means of transport, and is expected to become more secure, convenient, environmentally friendly,” Deng explained Canal. At the same time, networking, artificial intelligence and fuel cell innovation and technology will further promote the development of other modes of transportation. Bosch has already invested these developments and advanced technology, it is also expected to benefit from it. In addition, new car manufacturers electric car market demand for complete solutions of increasing, rather than seeking a single components, is also a BoschOne chance.
