Bosch Scooters for China to have electric motorsAugust 25, 2012 by: Mita Mukherjee
Robert Bosch GmbH is currently producing electric motors for the branded scooters ‘Poltm’. Bosch is aiming to increase its global presence in the electric scooter market. Electric scooter has become one of the most fruitful markets throughout the world. About 27 million of electric scooters solely were sold in the world over. This covers a huge margin of the total market worldwide. And about 98% of such scooters were made in China.
Bosch is thus looking forward to a joint venture with Ningbo Polaris Technology, a Chinese company. The joint venture will lead to a production of electric wheel hub motors for scooters. The company did not disclose much about its plans but the reports are that the majority in the share will be held by Bosch.
The rising graph only indicates a huge rise and expansion in the market of the electric scooters in the years to come. The growth in the manufacturing of the electric scooters by 2020 is most likely to rise to a staggering 46-million scooters per year.