Bosch turning COVID-19 challenges into mobility opportunities

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Bosch turning COVID-19 challenges into mobility opportunities

The company opened its “wafer fab of the future” in Dresden to help address auto semiconductor challenges and is taking a “technology-neutral” approach to powertrain options for its customers.
Top executives of the Bosch Group reported this week on the financial impacts of the pandemic and significant activities in Germany and North America aimed at turning COVID-19 challenges into mobility opportunities.

At a global level, the company achieved a positive result in 2020 despite the coronavirus pandemic and had a successful start to the first quarter of 2021. However, it expects another challenging year, primarily due to ongoing pandemic risks.

To address what it calls the profound technological and ecological changes currently occurring, Bosch is combining the internet of things (IoT) with artificial intelligence (AI) in its new AIoT initiative, and it is concentrating on electromobility.

“We are one of the winners in the transition to electromobility, and we are significantly expanding our software business by tying in artificial intelligence,” said Dr. Volkmar Denner, Chairman of the Board of Management of Robert Bosch GmbH.

Bosch leaders believe that global efforts to combat climate change are boosting opportunities for electrification — and “green hydrogen.” Electrification offers the company — a conglomerate of businesses from appliances to tools — new opportunities in several business areas since it requires “solutions not only for electric driving in cars but also for electric heating in buildings.”

In powertrain technology, the company is establishing electrom
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