Climate change calls for action not only in the mobility sector, but in all industries. In consumer goods, products are becoming increasingly energy-efficient, especially heaters and home appliances. In manufacturing, lines are being upgraded so they are smarter and more energy efficient, said Volkmar Denner, chairman of the board of management at Robert Bosch GmbH.

The German industrial giant invested 500 million euros ($594.4 million) in electro-mobility, including NEV powertrains and fuel cells in China last year. For the existing market of diesel and gasoline engines, it has introduced advanced exhaust treatment technologies to minimize emissions. The company is looking into renewable synthetic fuels that will make combustion engines carbon neutral in the future.

"We have set up a fuel cell technical center in Wuxi, Jiangsu province, and also achieved volume production of 48-volt batteries in Wuxi and eAxles - a compact, cost-attractive electric drive solution for battery-electric vehicles and hybrid applications, in Taicang in the same province. They are key technologies for hybrid and electric vehicles," he added.