Bosch China President warns supply chain pressure will continue

Xu Daquan, president of Bosch China, said that the pressure to reduce prices was already great last year, and the pressure may be even greater in 2024. This is mainly because the average car price in China has accelerated its decline. Some car companies have broken the industry's "annual reduction" practice and required suppliers to reduce prices every six months or even every quarter, and the expected reduction has also increased from 3% and 5% to 15% and 20%.