On the evening of November 23, Bosch announced that the board of directors has approved the proposal for adjusting the company's organizational structure and institutional arrangements to meet the needs of the company's business development and strategic planning. The company plans to establish a new lithium battery recycling department.

As new energy vehicles enter a rapid development phase, the demand for the reuse and recycling of power batteries is gradually increasing. Bosch has already partnered with several battery recycling companies to expand its presence in this industry. The establishment of the lithium battery recycling department is another major move for the company in the battery recycling field.