Bosch adjusts its automotive business structure and reorganizes its automotive and intelligent transportation technology businesses

In May 2023, Bosch adjusted its automotive business structure and reorganized its automotive and intelligent transportation technology business; in January 2024, the business was officially renamed Bosch Intelligent Transportation Business. Currently, automotive and intelligent transportation have become Bosch's largest source of revenue, accounting for 60% of the group's revenue, but the profit margin is still at the bottom.