Bosch Group Introduction
The Bosch Group is a leading global supplier of technology and services. It employs roughly 400,000 associates worldwide (as of December 31, 2019). The company generated sales of 77.7 billion euros in 2019. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch's global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company's future growth is its innovative strength. At 126 locations across the globe, Bosch employs some 72,600 associates in research and development. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as a "Workshop for Precision Mechanics and Electrical Engineering." The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.
Bosch in China
Bosch set up its first sales office in China as early as 1909. In 1926, the first Bosch car service workshop was opened in Shanghai. Over the past 111 years, Bosch has witnessed the unprecedented development of Chinese society and, in particular, the rapid rise of the economy after the reform and opening up. With its "local for local" strategy, Bosch in China offers cutting-edge technologies and solutions in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology. Bosch's innovations in all its areas of business make possible the company's strategic imperative of "Invented for Life". As of 2019, Bosch China operated 59 legal entities and posted sales of 109.3 billion CNY. China has been the Bosch Group's largest international market for five consecutive years by the end of last year, and also has the largest number of Bosch employees outside Germany.
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