Bosch, a prominent OEM supplier in the automotive industry, has earned a reputation for its innovative technology used in various vehicles, ranging from motorcycles and cars to electric bicycles. Continuously pushing boundaries, Bosch remains at the forefront of the automotive industry, displaying a strong commitment to alternative fuel solutions.
Back in July 2022, the company made headlines with a substantial one-billion-Euro investment in hydrogen-focused initiatives. Undeterred, Bosch has recently announced yet another ambitious investment plan of 2.5 billion Euros, spanning until 2026. Since its initial foray into hydrogen projects in 2021, Bosch has successfully created over 3,000 jobs, half of which are in Europe, as it sets its sights on establishing a large-scale hydrogen fuel cell production facility in Stuttgart-Feuerbach, Germany.
Hydrogen power holds immense potential, and Bosch envisions it as a pivotal revenue stream for the company. With an optimistic outlook, Bosch aims to generate up to five billion Euros in sales solely from its hydrogen technologies by the year 2030. This aspiration is backed by concrete steps, as Bosch is actively collaborating with US-based Nikola Corporation. In a significant partnership, Bosch will act as a pilot customer for Nikola's Class 8 hydrogen fuel cell line, with plans for hydrogen-powered trucks to hit North American roads by the third quarter of 2023.
Not content with just fuel cells, Bosch is also exploring the development of a hydrogen-powered combustion engine, similar to projects pursued by Yamaha. Hydrogen fuel has demonstrated its potential as a zero-emissions alternative to gasoline, potentially offering a lifeline to the internal combustion engine. Toyota's H2 Corolla Concept showcased this in 2022 when it successfully completed the 24-Hour Endurance Race at the Mount Fuji circuit. As Bosch continues to invest and innovate in hydrogen technology, it has the potential to play a significant role in shaping the future of sustainable transportation.