Bosch is the world's largest auto parts supplier, and at the Detroit Auto Show, it revealed new technologies that show how they are evolving with the ever-changing needs of the auto industry, especially now that electrification is even more rampant in the auto industry.
(Photo : MARIJAN MURAT/DPA/AFP via Getty Images)
Volkmar Denner, CEO of Robert Bosch GmbH, poses next to a sign indicating the company's aim to produce CO2-neutral during Bosch's annual press conference on May 9, 2019 in Renningen, southern Germany. (Photo by Marijan Murat / dpa / AFP) / Germany OUT
The German auto supplier gave details about their new technologies to support electrification in the auto industry, as reported by Electrek. One of them is the Advanced Driving Module, where it combines steering, brakes, and propulsion into one module to allow for a more straightforward EV development.
Next is the eAxle city, which is a compact housing unit for the electric motor, inverter, and transmission. Their power components use superior silicon carbide semiconductor technology to save energy and boost efficiency.
Finally, the eAxle performance will allow for higher performance with scalable voltage levels of 400V and 800V.
Paul Thomas, the executive vice president of Mobility Solutions, Americas said in a statement, "OEMs must show that electrified trucks and SUVs will retain the same performance characteristics customers demand including ride and handling-on and off-road, torque, towing, range, and maintenance costs."
He continued, "No other company can match Bosch for the diversity of our electromobility portfolio that enables our customers to deliver vehicles consumers demand."
Aside from these new technologies, Bosch also has put a strong investment towards the development of the hydrogen economy. It recently announced that they would be investing $200 million to produce fuel cell stacks in Anderson, S.C. And for the whole world, the company announced it would invest over $1 billion USD to develop mobile fuel cell technologies by 2024.
Electrification in the Auto Industry
Bosch's technological advancements illustrate the current trend in the auto industry. Automakers are now making all kinds of powertrains available for their customers, especially in electric vehicles.
More and more auto makers are moving towards electrification for their vehicles. And with the predicted surge in demand for EVs in the coming years, businesses will definitely benefit from this new trend.
But aside from their electrification plans, it was also noted that automakers are also looking into the next-generation of mobility solutions. Aside from those that they have previously announced, there were also many innovations that were recently introduced.
In addition to that, many automakers are also placing a big part of their future in electric and autonomous technologies. And with the rise of electrification, it would seem that the auto industry is slowly moving away from fossil fuels.
Businesses that are currently focusing on the auto supply industry would benefit tremendously from the shift in demand. Auto parts suppliers like Bosch are perfectly positioned to gain a bigger chunk of the market.
Related Article: Bosch Will Spend $3 Billion to Combat Global Chip Shortage in Europe in 2026
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Written by April Fowell
