Bosch exits the battery cell production game

doublespaces

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Jul 31, 2017
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This is a pretty big deal for Europe, Bosch is huge in the automotive market as they will be selling their interests in Seeo and they are presumably choosing to purchase their battery cells from other manufacturers in order to make their battery packs. They stated that if they were going to invest into the technology, they wanted to capture an entire fifth of the market, which would cost upward of 24 billion dollars, an investment they considered too risky when considering the position it would place the rest of the company.

https://www.reuters.com/article/r-bosch-batteries/update-2-bosch-shuns-battery-cell-production-in-blow-to-europe-idUSL8N1QI56P
 
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