By Cecilia Butini

Robert Bosch GmbH said Wednesday that it would invest 10 million euros ($10.07 billion) through 2025 in digitalization and connectivity, two-thirds of which would be used in the development of technologies for sustainability, mobility and modern industry.

The German automotive supplier also said that it has entered into a partnership with US giant International Business Machines Corp., or IBM, focused on quantum computing.

The goal of the partnership is to use quantum computing to run materials simulations in order to replace metals and rare elements in both electric motors and fuel cells within the next 10 years, with the ultimate aim of running carbon-free motor propulsion, the company said.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

November 09, 2022 04:19 ET (09:19 GMT)

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