Germany Siemens AG was founded in 1847 and is a global leader in electrical and electronic engineering. Since entering China in 1872, Siemens has been able to provide comprehensive support for the development of China with innovative technology, excellent solutions and products, and with outstanding quality and reliable reliability, leading technical achievements, Unremitting pursuit of innovation, established in the Chinese market leading position. In 2015 (October 1, 2014 to September 30, 2015), Siemens in China's total operating income reached 6.94 billion euros, with more than 32,000 employees. Siemens has developed into an integral part of China's society and economy and is working with China to work together to achieve sustainable development.
In September 2014, Siemens AG and the Bosch Group reached an agreement: Robert Bosch will acquire Siemens shares held by the joint venture Bosch and Siemens Household Appliances Group (referred to Bo Xi home appliances) 50% of the shares, after the completion of the transaction Boshi appliances Will become a wholly owned subsidiary of Bosch Group, Siemens completely out of the field of home appliances. The sale of home appliance business is one of Siemens' focus on electrification, automation and digitalization.