BOSCH RIDES ELECTRIC WAVE AS REVENUES ROCKET
It’s not just car makers that are posting excellent results. Components-supply conglomerate Bosch has announced sales revenue of €78.7 billion (£67.1bn) for 2021, up 10.1% on 2020, for a €3.2bn operating profit.
The German firm’s electromobility orders exceeded €10bn for the first time, confirming it as the biggest EV powertrains supplier. It also announced a €3bn threeyear investment in hydrogen and electrification. It will start producing fuel cell powertrains for lorries this year.