DENSO to invest $1.6 Billion improve its performance in the area of electrification

DENSO has long developed and produced key products for electric vehicles, including inverters and motor generators used in hybrid vehicles and battery packs for mild hybrid vehicles.

Now the company plans to invest approximately 180 billion yen (US$1.6 billion) over the three years – from FY2018 to late FY2020 – to support its aggressive development and production of electrified automotive products, systems and technologies.

To achieve its long-term business goal to create and inspire new value for the future of mobility, the company is focused on increasing its performance in the area of electrification.

The company will establish Electrification Innovation Center at its Anjo Plant in Anjo, Aichi, Japan, in May 2020. The center will conduct advanced R&D, develop and test prototypes, and launch mass produce newly developed automotive electrification products, systems and technologies.

In addition, now that DENSO and Toyota Motor Corporation (Toyota) have officially agreed to consolidate their electronic component operations within DENSO, Toyota’s Hirose Plant will be transferred to DENSO in April 2020.

DENSO will use the Anjo and Hirose Plants to establish safe, efficient and sustainable manufacturing processes for electrification-related components. The production lines established at the Plants will be rolled out to its manufacturing companies and affiliates worldwide.

Recently, DENSO has also partnered with startups to develop software-based solutions to advance innovation in electrification, as well as automated driving, connectivity and shared economy.

Source: Press Release


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