"Bosch: Plans to Establish New Lithium Battery Business Division

Bosch announced that the company held the 11th meeting of the sixth board of directors to review and approve the proposal on adjusting the company's organizational structure and institution setting in order to meet the business development and strategic planning needs. Furthermore, to enhance the management level and operational efficiency, Bosch plans to establish a new division for the recycling of lithium batteries. The board of directors has agreed to the adjustment of the company's organizational structure."