Top Auto Supplier Turns to Gene Testing, Heat Pumps for Growth
- Bosch sees challenging year ahead with stagnating auto output
- German company pushes in with EV projects while demand sours
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Robert Bosch GmbH is pushing deeper into areas outside of its mainstay automotive business where customers like Volkswagen AG and BMW AG confront weakening demand for electric vehicles.
The world’s biggest auto parts maker is investing in gene testing, hydrogen and heat pumps to ensure growth as the auto industry — which contributes more than half of Bosch’s revenue — sees consumers holding back on spending.