Bosch Group said its investment in research and development will reach about 3.5 billion euros (US$5.2 billion) this year, Perter Pang, president of Bosch China, said.
Most of the money will be spent on five main areas of innovation for automotive industry, Pang said at the first China International Auto Parts Expo in Beijing yesterday adding R&D investment will remain high in future.
The latest global innovations will be also used in China to benefit the local automotive industry, especially in the field of fuel saving, CO2 reduction and car safety.
The world's leading auto parts supplier displayed several advanced energy saving, clean and safe automotive technology at the expo, including clean diesel technology and second generation of direct gasoline injection.
(Shanghai Daily November 29, 2007)