Autos

Bosch $200 million investment fuel cells South Carolina

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The Robert Bosch GmbH logo sits on the exterior of Messe Stuttgart exhibition center as automobiles pass in Stuttgart, Germany, on Monday, July 18, 2016.

Michael Nagle | Bloomberg | Getty Images

German auto supplier Bosch said Wednesday it will invest more than $200 million to build fuel cells for electric trucks in South Carolina.

Bosch plans to expand an existing factory in Anderson, South Carolina, to build the fuel cell “stacks” starting in 2026. The investment is expected to create at least 350 new jobs at the factory, the company said.

Bosch’s North America president, Mike Mansuetti, said the company decided to invest in U.S. production to support “growing demand” from its automotive…



Source cnbc.com

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