Bosch is investing over $2.5 BILLION in hydrogen technology by 2026
Bosch is entering the hydrogen age of mobility. At its Stuttgart-Feuerbach location, the supplier of technology and services has now begun volume production of its fuel-cell power module.
Bosch employs more than 3,000 people in hydrogen technology development – and plans to generate sales of roughly $5.3 billion as a result by 2030.
The German bohemoth has begun volume production of its fuel-cell power module at its Stuttgart-Feuerbach location.
United States-based Nikola Corporation will serve as the pilot customer with its Class 8 hydrogen fuel cell electric truck.
Bosch Hydrogen
Bosch started investing in H2 technology in 2021 – and expects to have spent around $2.5billion by 2026.
The company’s chairman Stefan Hartung said: “Bosch knows its way around hydrogen, and Bosch is growing with hydrogen.
“Here in Stuttgart-Feuerbach, in the plant whose history goes back further than any other Bosch plant, the hydrogen future is about to happen.”
About Bosch
Bosch, founded by Robert Bosch in Stuttgart in 1886, is a multinational engineering and technology company headquartered in Gerlingen, Germany.
It is one of the largest and oldest engineering companies globally, with a presence in various sectors, including automotive components.
Bosch is a leading supplier of automotive parts and systems, including powertrain solutions, chassis systems, electronics, and safety technologies.
It invests heavily in R&D, with a focus on innovation and sustainable technologies. The company operates numerous research centers worldwide and is actively involved in developing AI, IoT, and other emerging technologies.
Bosch operates in over 60 countries and employs more than 400,000 people globally. It has a strong manufacturing base, with facilities in various countries, including Germany, the United States, China, and India.
It is committed to sustainability, aiming to become carbon-neutral across its global operations.
The company also engages in various social initiatives, focusing on education, community development, and environmental protection.
