Gelonghui May 13 丨 Qingling Automobile (01122pennslammeriii5500spinningreel.HK) Announcementpennslammeriii5500spinningreelOn May 13, 2024, the company entered into a sales agreement with Bosch, pursuant to which the company sold parts to Bosch.
Bosch is mainly engaged in the research and development, production, sales and provision of related services for hydrogen power systems. Bosch plans to manufacture products that are compatible with its hydrogen power systems (including but not limited to electric-driven reducers), and is looking for reducer subassemblies that can meet Bosch specifications and quality standards in the market. With the rise of the new energy vehicle industry, the demand for traditional fuel vehicle reducers has gradually weakened, while the demand for electric drive reducers has gradually increased. Based on the commonality of traditional fuel vehicle reducers and electric drive reducers, the company can use its relatively complete technology for producing traditional fuel vehicle reducers to gradually transform and upgrade its reducers, thereby developing the company's electric drive product industry.
