The family-owned multinational Bosch, one of the world’s largest automotive suppliers, is investing 1 billion euros to develop greener energy sources!

The Bosch Group is a global supplier of automotive equipment, industrial technology, consumer goods and building technology. Founded in 1886 by Robert Bosch in Stuttgart, Germany, Bosch is today the third-largest automotive supplier in the world. With operations in nearly 60 countries and approximately 395,000 employees, the family-owned company generated sales of €71.5 billion in 2020. With innovation and sustainability at the heart of its values and mission, the Bosch Group has 129 dedicated R&D sites around the world where, among others, almost 34,000 software engineers work. Most recently, the Bosch Group announced a €1 billion investment in the development of hydrogen-based technologies, a greener and more efficient alternative to electric batteries. The company’s green initiatives, which has been carbon-neutral since 2020, aim to help Europe achieve climate neutrality. Following the wishes of founder Robert Bosch, the company remains to this day a limited liability company with a shareholder base divided between the Robert Bosch Foundation (92% – no voting rights), the Bosch family (8% – 7% of voting rights) and the trust company Industrietreuhand KG (0.01% – 93% of voting rights). Today, Dr. Christof Bosch, a member of the third generation, represents the family as chairman of the foundation’s board of directors. He also sits on the supervisory boards of Bosch and Industrietreuhand KG.

Read the article: ‘Bosch believes AIoT electrification, and green hydrogen are the way forward’

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