Bosch decides against own battery cell production
Print
Reprints
Respond
 |
BERLIN -- Robert Bosch has decided against producing its own battery cells, saying the investment necessary is too risky.
"The question of (battery) cell production is not a question of technology, it's an economic question that needs to make economic sense," Rolf Bulander, head of mobility solutions at Bosch, said on Wednesday. "We will continue to buy cells from suppliers."
Bosch had considered making its own cells to compete with Asian rivals. But it said last year the decision would depend on whether it could make a product that was better and cheaper than that of rivals such as Samsung and Panasonic.
Bosch ranks No. 1 on the Automotive News Europe list of the top 100 global suppliers, with estimated worldwide sales to automakers of $46.5 billion in 2016.
advertising
Or submit an online comment below. (Terms and Conditions)
