Gelonghui, May 13, 丨 Qingling Auto Co., Ltd. (01122.HK) announced that on May 13, 2024, the company signed a sales agreement with Bosch. According to this, the company will sell parts to Bosch.
Bosch is mainly engaged in R&D, production, sales and related services of hydrogen power systems. Bosch plans to manufacture products compatible with its hydrogen power systems (including but not limited to electric drive reducers), and is beginning to search the market to supply reducer sub-components that meet Bosch specifications and quality standards. With the rise of the new energy vehicle industry, demand for traditional fuel vehicle reducers is gradually weakening, while demand for electric drive reducers is gradually growing. Based on the commonality between traditional fuel vehicle reducers and electric drive reducers, the company can use its relatively complete technology to produce traditional fuel vehicle reducers and gradually transform and upgrade their reducers, thus opening up the company's electric drive product industry.