Bosch wins contract to supply Mercedes with electric motors
Bosch secures major electric motor supply deal with Mercedes-Benz
Contract details and duration
BERLIN, May 19 (Reuters) - German auto supplier Bosch said on Tuesday it will supply a large number of electric motors to Mercedes-Benz for the premium carmaker's next generation of electric vehicles under a contract set to run into the 2030s.
Strategic significance for Bosch
Partnerships and electromobility progress
The Stuttgart-based supplier said the deal was part of a number of partnerships underscoring Bosch's progress in the field of electromobility despite price pressures and diverging markets.
Official statement from Bosch
Comments from Markus Heyn
"This new contract reinforces our long-standing partnership with Mercedes-Benz and demonstrates that we are able to successfully apply our expertise even in technologically challenging projects," Markus Heyn, head of Bosch's mobility division, said in a statement.
Financial aspects of the deal
Bosch and Mercedes would not give a value for the deal.
(Reporting by Ilona Wissenbach and Rachel More, Editing by Linda Pasquini and Ludwig Burger)
