Bosch Mobility said it had ambitions to be a “frontrunner in electromobility” at the IAA Mobility Show 2023 this week.
CEO Dr Stefan Hartung and Markus Heyn, chairman of Bosch Mobility, gave details of the firm’s financial progress as well as its future plans, including a desire to be a software partner for automakers.
Go deeper with GlobalData
Bosch said it expects sales at its mobility business division to increase by 10% this year.
It also expected sales revenue for onboard computers to generate €3 billion by 2026.
“Future vehicles will be as much at home in the cloud as well as on the roads,” Hartung said.
“The ultimate goal is ambitious: we want to use Bosch technology to bring about the software-defined vehicle.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataHartung added that Bosch was “more than a mere automotive supplier”, instead having the capacity to support the automotive industry along the “entire value chain.”
When it came to sustainable mobility, Bosch was “doing everything” in its power “to ramp it up,” Markus Heyn said.
The firm was on target for its €6 billion in electromobility sales revenue by 2026.
Alongside startup Fetch.Ai, Bosch is developing a digital passport for electric vehicles, independent of central data platforms.
This software package “guarantees data security when accessing the charging network,” Heyn said, adding the software could also offer new services, including an AI-assisted traffic forecast to help drivers find charging points.
“As we embark on a journey to a new era of mobility, we would like to contribute with our wide-ranging experience.”
