An innovative supplier with a 125year history, Bosch is playing a decisive role in paving the way to electromobility. Technologies, components, and systems for electrical drives are now being developed under the double-armature brand, and in some cases already being manufactured. At the Bosch location in Hildesheim, for example, efficient electric motors are being made – for hybrid vehicles and, in a joint venture with Daimler, for electric vehicles. Series production of power electronics components has started in Reutlingen, and SB LiMotive, our joint venture with Samsung SDI, has been producing lithium-ion cells for electric vehicle batteries in Ulsan, South Korea, since 2010. Some 400 million euros goes into the electrification of automotive drives each year, with 800 Bosch associates around the world working on this issue that is so crucial for the future of mobility. Out of a global total of some 103 million newly produced vehicles in 2020, Bosch expects to see some three million electric vehicles and plug-in hybrids, as well as roughly six million hybrid cars. From 2025, electrically driven vehicles will become an increasingly common sight on the world’s roads.