Bosch China sets new record high sales in 2020

Robert Bosch GmbH, the German industrial and technology giant, announced on Tuesday that its sales in China reached 117.3 billion yuan ($18.25 billion) in 2020, registering a growth of 9.1 percent compared to the previous year.

The company said sales of Bosch China set a new record high despite a challenging market environment, thanks to the steady economic recovery and the uptick in the auto industry, consumer products, industrial technology and other sectors in the local market.

"China was the first major economy to recover from the pandemic. The country's growth was one of the deciding factors that ensured the group to perform far better globally than expected at the beginning of last year," said Volkmar Denner, chairman of the board of management of Robert Bosch GmbH.

"We remain optimistic about China's growth momentum and potential and will continue to invest in key strategic areas to serve the Chinese market," he said.

As of the end of 2020, Bosch had more than 53,000 associates in China, the biggest number outside of Germany. Over the past decade, its cumulative investment in China has exceeded 50 billion yuan.