Bosch Group missed the opportunity to cooperate with CATL

It is reported that in the early stages of CATL's development, it was interested in establishing a joint venture with Bosch Group to jointly produce power batteries. Due to CATL's rich experience in the field of consumer batteries, Bosch Group was expected to provide support for automotive parts products. However, Bosch Group eventually abandoned this proposal due to its underestimation of the new energy vehicle market and concerns about battery cost control.