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Bosch Moves into eScooter Business with Ningbo Polaris

The Bosch Group is forming a joint venture with Ningbo Polaris Technology, a Chinese provider of motors for electrically driven scooters or eScooters, with Bosch holding the majority. Ningbo makes and sells eScooter motors in China under the POLTM brand, more than one million in 2011 the output of 450 workers. The global output of eScooters in 2011 was about 27 million units with China making 98% of the production volume. “With a growth rate of 6% annually the market will reach up to 46 million units in 2020”, said Udo Wolz, president of the Bosch Electrical Drives division. Continue reading

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