Home / Metal News / Guoxuan Hi-Tech to establish its first new energy production base in Europe

Guoxuan Hi-Tech to establish its first new energy production base in Europe

iconJul 19, 2021 10:38
Guoxuan Hi-Tech acquired the Göttingen plant of Bosch Group and established the first new energy production and operation base in Europe.

Following the recent agreement between Guoxuan Hi-Tech and Volkswagen Group on the optimisation and transformation of the latter's Salzgitter plant, Guoxuan Hi-Tech and Bosch Group formally signed a contract. According to the agreement, Guoxuan Hi-Tech will acquire the Robert Bosch Group in Göttingen. Bosch Aftermarket Solutions GmbH owns 100% of the assets and equity of the plant, and based on this, Guoxuan Hi-Tech's first new energy production and operation base in Europe will be established.

The factory was founded in 1960, covers an area of ​​more than 170,000 square meters, with a construction area of ​​40,000 square meters, and currently has about 300 employees, most of whom have rich experience in the production and operation and management of automotive parts.

According to the plan, after the completion of the transaction, Guoxuan High-Tech will carry out partial renovation of the existing factory, and through the training of existing employees, Guoxuan High-Tech will realise the production and operation of Guoxuan's first new energy base in Europe.

"The purpose of this acquisition is for the company to start localised production in Europe. The Göttingen plant is an important step for us to enter the European market. Through the help of Bosch Group's outstanding employees who have cultivated for many years and possess the spirit of craftsmanship, the products of the Göttingen plant are transformed. The route allows Guoxuan's advanced battery technology and Bosch's advanced management experience to integrate Guoxuan's battery into the European market.” said Guoxuan Hi-Tech Chairman Li Zhen.

New energy
Guoxuan Hi-Tech

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars