Bosch announces $1.3B hydrogen technology investment by 2025
The largest automotive supplier in the world is turning its attention to H2 tech and its industry potential. Bosch, the largest automotive components supplier in the world has announced that it intends to invest $1.3 billion into hydrogen technology by 2025. As internal combustion engines phase out, the company is looking ahead to a cleaner fueled future. Like other automotive suppliers, Bosch is working to adapt to the changing nature of its market, including the fact that automakers are changing directions toward battery electric and hydrogen technology. As the world seeks to reduce its use…
The largest automotive supplier in the world is turning its attention to H2 tech and its industry potential.
Bosch, the largest automotive components supplier in the world has announced that it intends to invest $1.3 billion into hydrogen technology by 2025.As internal combustion engines phase out, the company is looking ahead to a cleaner fueled future.
Like other automotive suppliers, Bosch is working to adapt to the changing nature of its market, including the fact that automakers are changing directions toward battery electric and hydrogen technology. As the world seeks to reduce its use of fossil fuels and use zero-emission instead, Bosch is committed to remaining on top.
This wasn’t a spur of the moment decision for the German company. The company announced in 2020 that it planned to combine all its software development teams throughout the entire company into one organization. It became the company’s Cross-Domain Computing Solutions unit. Even before that, the company was deeply involved in the development of hydrogen fuel cell systems and was an early Nikola Motors investor.