Denso is making an aggressive push towards the development and production of electrified automotive products, systems and technologies.
The mobility supplier announced an investment of US$1.6 billion over the next three years to boost its performance in the space as part of its long-term business goal of creating and inspiring new value in the future of mobility.
“Denso is committed to advancing automotive innovation and anticipating the changing needs of our customers in the transportation industry. Electric vehicles are increasingly becoming the norm throughout the world, and to meet the rising global demand for automotive electrification technologies and products, DENSO will strengthen its ability to develop and produce them,” said Yukihiro Shinohara, senior executive officer of DENSO.
The company is establishing the Electrification Innovation Center at its Anjo Plant in Anjo, Aichi, Japan, in May 2020. The centre will conduct advanced research and development, develop and test prototypes, and launch newly developed automotive electrification products, systems and technologies.
Furthermore, with Denso and Toyota agreeing to consolidate their electronic component businesses within Denso, Toyota’s Hirose Plant will be transferred to Denso in April 2020. Denso will use its plans in Anjo and Hirose to establish safe, efficient and sustainable manufacturing processes for electrification-related components.