The Bosch Group and electric vehicle company NIO signed a strategic cooperation agreement focused on sensor technology, automated driving, electric motor controls, and intelligent transport systems.
The signing ceremony took place in Berlin in the presence of German Chancellor Dr. Angela Merkel and Chinese Premier Li Keqiang.
Bosch has been present in China since 1909 and in the Mobility Solutions sector, the company works together with international and local manufacturers as well as startups in China. The company focuses on strong localization in Chin and has invested more than 4.8 billion euros in its Chinese locations over the past ten years.
NIO founded in November 2014 is a global electric vehicle company, with research and development, design and manufacturing centers in Shanghai, Beijing, San Jose, Munich, London and nine other locations.
The company began delivering its 7-seat high performance electric SUV, ES8, to its users in China in June. The vehicle contains key components from Bosch, such as driver assistance systems, control units, sensors and the iBooster electromechanical brake booster. The components will be further developed for NIO’s future models.