1、AmbitionsAnnual report 2024If we want to set things in motion,change them for the better,whether globally or locally,we have to set goals that motivate,inspire,and create purpose.Goals that benefit the individual and society as a whole.In this context,“Invented for life”provides the focus for Bosch.

2、It is our passion and our motivation.To achieve it,we develop products and technology,embrace partner-ships and acquisitions,continuously improve our competitiveness.We aim to play a leading role in the growing HVAC market,to enter the electrolysis business for the sake of a climate-friendly power s

3、upply,to invest billions in the chips that keep the world turning.And we are stepping up our operations in software solutions and services for more safety,security,and convenience.In all this,Bosch deliberately preserves its diversification:the biggest automotive supplier,a leading supplier of equip

4、ment for manufacturers and tradespeople,the first choice for solutions for buildings and homes.We dont just want to hold this position,but to extend it:its our ambition to be among the three leading companies in all our fields of business,to create an even better regional and economic balance in our

5、 operations,and in this way to unlock our full potential as a diversified technologygroup.We can do even better.“Ambitions,”the title of this years annual report,illustrates our aspiration and determination,even in a difficult economic environment.Ambitions formulated by people,for people.Ambitions

6、for people and the environment.So that technology“Invented for life”can flourish.Technology made by Bosch.Ambitions02Annual report 2024Table of contents04 The Bosch Group05 Key data06 Bosch at a glance08 Foreword10 The Bosch board of management15 Supervisory board report17 Supervisory board19 Indust