Bosch Rexroth and Zhejiang Chuandao Technology Form Joint Venture with Strategic Investment
Author: 来源：OFweek工控•
工业自动化来源：OFweek工控
On November 2, Bosch Rexroth and Zhejiang Chuandao Technology signed an agreement to establish a joint venture, Bosch Automation (Shanghai) Co., Ltd., with each party holding a 50% stake and a total investment of 1.2 billion RMB. Concurrently, Bosch invested 276 million RMB for a 5% strategic stake in Chuandao Technology. The joint venture will focus on R&D and providing automation and drive system products and services for the Chinese market. This move aims to combine Bosch's global expertise in motion control with Chuandao's local market presence to offer competitive automation solutions. Chuandao Technology reported Q3 2023 revenue of 2.83 billion RMB, a 20.68% year-on-year increase.
On November 2, Bosch Rexroth and Zhejiang Chuandao Technology signed an agreement to establish a joint venture, Bosch Automation (Shanghai) Co., Ltd., with each party holding a 50% stake and a total investment of 1.2 billion RMB. Concurrently, Bosch invested 276 million RMB for a 5% strategic stake in Chuandao Technology. The joint venture will focus on R&D and providing automation and drive system products and services for the Chinese market. This move aims to combine Bosch's global expertise in motion control with Chuandao's local market presence to offer competitive automation solutions. Chuandao Technology reported Q3 2023 revenue of 2.83 billion RMB, a 20.68% year-on-year increase.
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Keywords
Bosch RexrothZhejiang Chuandao Technologyjoint ventureindustrial automationstrategic investment