EnergyWatch

Bosch stops battery production

The manufacturing company is quitting a joint venture and trying to sell a company that was acquired two years ago.

Photo: Bosch

One of the largest auto industry suppliers has decided not to enter the production of batteries for electric cars after all. Following years of preliminary work and investments, Dutch Bosch has decided to completely withdraw from the field.

"Bosch will continue to buy in the cells needed to make batteries. We are convinced that battery cells will be a standardized commodity in the long run. We have to understand cells technically, we don't have to make them ourselves," said Rolf Bulander, Bosch's Chairman
of the Mobility Solutions business sector, Wednesday.

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