PRESS INFORMATION

Bosch Rexroth and Zhuhai Enpower Electric plan to set
up joint venture
Jan Saeger | 13.09.2023 | Lohr am Main

New company will offer off-highway electriﬁcation products••Company will be based in Shanghai

Portfolio will include electric and electronic components, software as well as gea

Agreements to establish a joint venture were signed by Jiang Guibin, Chairman of Zhuhai Enpower Electric and Dr. Steffen
Haack, CEO of Bosch Rexroth, on September 12, 2023. Other members of the boards of management of both companies
were also present.

Bosch Rexroth and Zhuhai Enpower Electric Co., Ltd., based in Zhuhai, China, aim to establish
a joint venture to develop and sell off-highway electriﬁcation products and applications mainlyfor the Chinese market. Industrial leadership will be by Bosch Rexroth. Agreements to thiseffect were signed on September 12, 2023. Both sides have agreed to keep the details of theagreement conﬁdential. The establishment of the joint venture is subject to the approval ofvarious bodies, including the antitrust authorities.
“The electriﬁcation of mobile machines is one of Bosch Rexroth’s important topics of the future.
This joint venture is a logical step in strengthening our off-highway electriﬁcation business in
China,” says Dr. Steffen Haack, CEO of Bosch Rexroth.
In recent years, with the continuous attention to environmental protection in China andworldwide, the construction machinery industry has also accelerated its transformationand is promoting the continuous development of construction machinery vehicles towards
electriﬁcation, lightweight, and connectivity. “Now, we add to our eLION product portfolio
technically complementary and competitively priced solutions which at the same time offer
eﬃciency, productivity, and reliability for our Chinese customers,” comments Matthias Aberle,
Senior Vice President Business Unit Mobile Hydraulics at Bosch Rexroth.
The demand for new energy off-highway vehicles has shown rapid growth, and there is hugemarket scale and development space worldwide. “Especially the off-highway electriﬁcation
market in China has been growing rapidly since 2020. Now is the right time to increase ourPRESS INFORMATION
speciﬁc offer to customers in this attractive region,” says Fowai Lau, General Manager of Bosch
Rexroth in China and the East Asia region.
Enpower is one of the major players focusing on research & development and production ofpower systems for new energy vehicles. The products can be widely applied to new energy
vehicles, hybrid vehicles, commercial vehicles, etc., and also widely used in certain segments of
the new energy off-highway market. The company is listed on the Shenzhen Stock Exchange.
“Our products have high eﬃciency, high power density, cost competitiveness and otheradvantages. With our collaboration with Bosch Rexroth, we aim to maximize the strategicinterests of both parties and convince existing and new customers in the off-highway market,”says Jiang Guibin, Chairman of Zhuhai Enpower Electric.
“Bosch Rexroth is a leading brand in the mobile hydraulics industry, and Enpower focuseson new energy vehicles. We can see the positive impact of this joint venture on many areas,
especially on the market and customers. Chinese customers can beneﬁt from a wide productportfolio with high cost-performance ratio,” says Dr. Li Hongyu, Board Member and Deputy
General Manager of Enpower.
Combining the strengths of the two future partners, the product portfolio will include
electric and electronic components, software as well as gearboxes. The joint venture will beheadquartered in Shanghai and will set up its own sales and service network.

Basic Information Bosch Rexroth
As one of the world’s leading suppliers of drive and control technologies, Bosch Rexroth
ensures eﬃcient, powerful and safe movement in machines and systems of any size. The
company bundles global application experience in the market segments of Mobile and Industrial
Applications as well as Factory Automation. With its intelligent components, customized systemsolutions, engineering and services, Bosch Rexroth is creating the necessary environment for
fully connected applications. Bosch Rexroth offers its customers hydraulics, electric drive andcontrol technology, gear technology and linear motion and assembly technology, including
software and interfaces to the Internet of Things. With locations in over 80 countries more than
32,000 associates generated sales revenue of around 7.0 billion euros in 2022.

Basic Information BoschThe Bosch Group is a leading global supplier of technology and services. It employs roughly421,000 associates worldwide (as of December 31, 2022). The company generated sales of 88.2
billion euros in 2022. Its operations are divided into four business sectors: Mobility, Industrial
Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider,
Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Boschis pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise insensor technology, software, and services, as well as its own IoT cloud, to offer its customersconnected, cross-domain solutions from a single source. The Bosch Group’s strategic objective isto facilitate connected living with products and solutions that either contain artiﬁcial intelligence(AI) or have been developed or manufactured with its help. Bosch improves quality of life
worldwide with products and services that are innovative and spark enthusiasm. In short, Boschcreates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbHPRESS INFORMATION
and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales andservice partners, Bosch’s global manufacturing, engineering, and sales network covers nearly
every country in the world. The basis for the company’s future growth is its innovative strength.
At 136 locations across the globe, Bosch employs some 85,500 associates in research anddevelopment, of which nearly 44,000 are software engineers.

Press Contact

Please get in touch with our Press Contact

Jan Saeger

Head of Corporate
Communications+49 9352 182288
Jan.Saeger@boschrexroth.de