The Construction of the Tesla Design Center is about to start, and the sales data of Bosch Group's automotive business is considerable

In the automobile market, the sales data of many brands in the Chinese market are objective, and many car companies have opened factories, offices, etc. in the mainland, and there are not a few models specifically for the Chinese market.

1. According to official news, Tesla Design Center, Xiaomi Automobile Manufacturing Plant, Toyota Fuel Cell R&D Center and other projects will start construction in Beijing this year.

In fact, as early as the beginning of last year, foreign media had exposed that Tesla would establish a new design center in Beijing or Shanghai, and was recruiting a design director, a position that required more than 20 years of relevant work experience and familiarity with the Chinese market.

Many industry insiders said that the official construction of Tesla in the China Design Center means that Tesla will create new models for Chinese consumers in the future.

2. Recently, the Bosch Group announced the sales situation of fiscal year 2021. According to the data, the Bosch Group's sales increased by 10% in FY21 to 78.8 billion euros. After adjusting for currency effects, sales on the technology and service side increased by 11%. The Group's EBIT increased by more than 50% to EUR 3.2 billion. EBIT margin was around 4 percent, up from 2.8 percent in 2020.

Geographically, sales in Europe increased by 9.3 percent year-on-year to EUR 41.5 billion, representing a 10 percent increase after adjusting for currency effects. Sales in North America increased by 6.5 percent to 11.5 billion euros, compared to 10 percent after adjusting for currency effects. Sales in South America climbed to 1.4 billion euros, up 32 percent, and 41 percent after adjusting for currency effects. Sales in the Asia-Pacific market increased by 12 percent to 24.4 billion euros, or 11 percent after adjusting for currency effects. Sales in the Chinese market were approximately RMB128 billion (EUR 16.7 billion), up 9.1% from 2020.

Among them, the automotive and intelligent transportation technology business is the largest and has the highest sales. Despite the huge impact of the chip shortage on the automotive industry, sales in the segment rose by 7.5 percent to 45.4 billion euros, with a growth rate of 7.9 percent after adjusting for the impact of the exchange rate.