Bosch China Expects Slow 2022 Sales Growth Amid Covid Lockdowns

German auto parts giant Robert Bosch GmbH’s factories in China are hitting only 30%–75% of capacity as some suppliers are still closed amid Covid-19 lockdowns, the company said Tuesday.

Bosch suspended production at its China factories for various periods since late 2021, but now all of them have resumed operations. As long as one supplier is out of commission, though, companies at the end of the supply chain can’t produce final products, Chen Yudong, president of Bosch China, said at a press conference.