Peng Peimin: Bosch Commercial Vehicle Solutions Under the Dual Carbon Goals

Topic: 2026 Commercial Vehicle Industry Development Conference

From March 25 to 27, 2026, the 2026 Commercial Vehicle Industry Development Conference will be held in Shiyan City, Hubei Province. This edition of the conference is hosted by the China Association of Automobile Manufacturers. Its theme is “Green Transformation, Digital Intelligence Empowerment, and Integrated Development—Harnessing Momentum for a Shared New Ecosystem.” At the “Opening Ceremony and Plenary Session” held on the morning of March 26, Peng Peimin, Senior Vice President and Chief Marketing Officer of Bosch Intelligent Mobility (Commercial Vehicles Group), delivered a speech.

The following is the transcript of the remarks at the event:

Peng Peimin: Respected Chairman Bingfeng, respected leaders, fellow colleagues in the commercial vehicle industry—good morning to everyone!

First of all, thank you to the China Association of Automobile Manufacturers for inviting Bosch to participate in this commercial vehicle forum, which gives Bosch the opportunity to share some thinking about the commercial vehicle market and the industry, as well as the work Bosch has been doing in the context of green transformation.

Recently, the situation in the Middle East has drawn intense attention from all sectors. The price of North Sea Brent crude oil per barrel has risen from $70 before the conflict between the U.S. and Israel and Iran to more than $120 per barrel, and domestic fuel prices have therefore been increased significantly. In some Southeast Asian countries, there have even been cases of tight fuel supply. Domestic data for 2025 shows that China National Petroleum Corporation’s external dependency is still as high as 73%. According to CNPC’s Economics and Research Institute’s forecast, during the 15th Five-Year Plan period (2026–2030), the external dependency on oil will remain at a high level of around 70%.

On the other hand, through years of effort, China’s energy structure is undergoing profound changes. Among non-fossil energy sources, clean energies such as wind, solar, and hydro power, as well as hydrogen and methanol as secondary energy sources, are rapidly increasing their share in the new energy system and have already exceeded 20%. The target for the 15th Five-Year Plan is further raised to 25%. Commercial vehicles account for only 12% of the stock of motor vehicles in China, yet their fuel consumption and carbon emissions both exceed 55%.

As a five-year period that connects the implementation of the “dual carbon” goals—serving as a bridge and paving the way—the 15th Five-Year Plan sets out a clear path for implementing the “dual carbon” targets: accelerating the construction of a new energy system, promoting safe and reliable, orderly substitution of fossil energy, and strengthening clean and efficient utilization of fossil energy. This points the way for the development and upgrading of the commercial vehicle industry. At the same time, based on China’s mature local industrial chain and continuous technological innovation, powertrains are becoming increasingly diversified. With the continuous improvement of the value of China’s commercial vehicle brands, China’s commercial vehicles are taking big steps onto the world stage, and exports and “going overseas” are becoming an important growth support.

In 2025, China’s commercial vehicles achieved recovery-driven growth, with sales exceeding 4 million. In the long run, we remain optimistic about the 15th Five-Year Plan cycle. The commercial vehicle market will continue to grow steadily, and it is expected to reach about 4.6 million by 2030. China will not only continue to hold the position of the world’s largest single market for commercial vehicles, but compared with the past, it has also already formed a diversified powertrain structure.

Looking back at the past five years, the new energy commercial vehicle market was initially driven by policy. As technology has continued to mature and the coverage of application scenarios and charging and fueling infrastructure has expanded, the penetration rate of commercial vehicle electrification increased rapidly from less than 3% to nearly 30%, and will continue to rise thereafter. This marks that electrified commercial vehicles have entered a positive, market-driven trajectory. Diesel remains an indispensable power route.

During the “15th Five-Year Plan” period, in accordance with requirements to strengthen clean and efficient utilization of fossil energy, and around the soon-to-be released China VI/VII emission regulation (Phase VII) rules, high efficiency and emission reduction will remain the main theme of diesel engine technology development. In the vast commercial vehicle export market, diesel engines are without doubt the main force. Therefore, the development and application of diesel engines and diesel powertrain technology will continue to be full of vitality. As for alternative fuels, the natural gas and methanol power routes benefit from advantages in operating costs and carbon reduction, and can achieve power performance and thermal efficiency comparable to diesel power. As infrastructure continues to improve, they will play an important role in the green transformation of commercial vehicles. Hydrogen energy, as a future energy industry clearly defined in the “14th Five-Year Plan,” is also seeing expanding applications of hydrogen fuel cells in commercial vehicles. With advantages such as zero carbon, long range, and high energy storage efficiency, hydrogen fuel cells have demonstrated tremendous advantages in scenarios with hydrogen fueling facilities—such as coal mines, steel plants, and ports—as well as long-distance trunk line logistics such as “hydrogen corridors.” Hydrogen fuel cells will become an important power form for hydrogen energy applications in the commercial vehicle sector.

Powertrain Roadmap 3.0 further clarifies the goals for carbon emissions from the automotive industry. At the same time, it provides clear guidance on energy-saving and emission-reduction in internal combustion engines, efficient and electrified powertrain development, hydrogen fuel cell performance targets, as well as the advancement of safety and intelligentization for commercial vehicles.

As commercial vehicles are means of production, and based on regulatory requirements, focusing on being safe and reliable while achieving the lowest optimal total cost of ownership (TCO) is a goal that never changes.

Based on the “a thousand factories, a thousand faces” characteristics of commercial vehicles, Bosch has built a full-stack solution. The product range covers assisted driving for commercial vehicles, forming the intelligent control domain; the motion domain is composed of modular electric drive axles, EBS electronic braking systems, EPS electronic power steering, electronic air suspensions, and more; the power domain consists of diesel and alternative fuel, hydrogen fuel cell powertrains, and integrated high-voltage thermal management; and it is supported by local software development capability to deliver comprehensive technical solutions.

Not only that, based on the concept of efficient safety and for different scenarios, Bosch further provides cross-domain integrated solutions. For example: by combining the motion domain’s electric drive axle and electronic braking system, it can efficiently achieve coordinated braking energy recovery and an adaptive energy-saving function. With hydrogen fuel cells, by integrating an efficient electric drive axle and high-voltage thermal management, a high-efficiency hydrogen consumption “golden power chain” is created. By combining the perception capabilities of assisted driving and the electronic braking of the motion domain, electronic power steering can deliver safety redundancy functions such as blowout tire protection, emergency braking, and emergency steering. Meanwhile, it can cover driving assistance functions for this lane’s L2 and cross-lane L2+ level. This approach of defining vehicle functions through scenario-based software and hardware enables Bosch to continuously provide users with highly scenario-adapted cross-domain integrated system solution offerings.

At the same time, Bosch continues to deepen its focus on the local market and actively responds to new demands under the new cycle. With foresight, it has completed the comprehensive layout of its three major domains—commercial vehicle power, motion, and intelligent control—from research and development to industrialization. It continues to increase local investment: it has set up R&D centers, software centers, and advanced manufacturing industrialization bases in Wuxi, Chongqing, Nanchang, Qingdao, and Jinan. It fully covers the needs of local R&D, testing, and matching, achieving full-stack local in-house development. In addition, it has vertically laid out a complete local ecosystem spanning from silicon carbide semiconductors to components to systems, ensuring the resilience of the industrial chain and high-quality development.

To drive the continuous optimization of electric commercial vehicles toward higher efficiency, safety, and intelligent comfort, Bosch and major domestic customers jointly discussed building a super truck based on cross-domain integrated solutions. By leveraging Bosch’s system capabilities in cross-domain integration, together with vehicle makers to better tap into the potential of the whole vehicle system, we achieved an outcome where 1 + 1 is greater than 2.

In the Sichuan–Chongqing region’s real-world applications of the super all-electric heavy-duty trucks Bosch and customers jointly built last year, the comprehensive on-road conditions showed an energy consumption performance of under 100 kWh per 100 km. In Xinjiang, the hydrogen energy traction vehicle equipped with Bosch hydrogen fuel cells crosses the Tianshan mountain range, with an altitude of more than 2,000 meters, and operates across temperature differential scenarios ranging from minus 35 degrees to 45 degrees. Using cloud-based intelligent control strategies, it ensures year-round operation for the vehicle under extreme weather environments and demanding application scenarios. With reliable integrated thermal management, compared with the distributed thermal management currently found in the market, it enables energy consumption savings of 20% for new energy vehicles during winter.

Bosch’s current products have already accumulated more than 400 million kilometers of driving across different scenarios nationwide, and they are still continuously evolving to refine solutions that are extremely efficient, extremely safe, reliable, and comfortable.

As with the theme of this commercial vehicle forum, only by fully embracing green transformation, standing on digital intelligence empowerment, and actively exploring integrated development, can we achieve win-win cooperation in this round of commercial vehicle transformation—creating greater value for users and the market.

Thank you all for your attention. Bosch and everyone here will work together to usher in a new era of efficient and intelligent commercial vehicle mobility in China—thank you!

(Note: This article has been organized based on现场 shorthand notes; it has not been reviewed by the speaker.)

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