Bosch is using its fuel-injection technology to drive expansion in international markets.
The biggest opportunity is in the Chinese market, where the company already had sales of E1 billion last year, said Bernd Bohr, board member with responsibility for engine management systems. Bosch has already developed a market presence in China through a half-dozen majority-stake and minority-stake ventures with local suppliers.
Bosch's most recent is an agreement with Weifu High Technology Co. to form a joint venture by mid-year. The joint venture plans to produce modern diesel injection systems for the Chinese market in Wuxi, in Jiangsu province.
"For us China is the land with the biggest future growth prospects," Bohr said.
He also sees good sales potential for Bosch diesel technologies in the USA. Bosch has produced diesel common-rail injection
systems in Charleston, South Carolina, since 2001.
This year Bosch wants to produce worldwide about 6 million common-rail injection systems, up from 5.2 million units last year.
But Bosch is also working on technologies to improve fuel efficiency in gasoline engines. It will focus on developing so-called jet-controlled injection systems, with production likely by 2005.
Bosch believes jet-injection gasoline engines can reduce fuel consumption by 7 percent from current direct-injection engines, and by 15 percent from current conventional gasoline engines. By 2007, Bosch expects an annual production of 1 million gasoline direct injection systems.