© Denso - For illustrative purposes only Electronics Production | April 09, 2019
DENSO invests $1.6B to boost production of parts for EV's
DENSO says it will invest about JPY 180 billion (USD 1.6 billion) over the next three years – from FY2018 to late FY2020 – to support its development and production of electrified automotive products, systems and technologies.
The company says that it is focused on increasing its performance in the area of electrification. "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," says Yukihiro Shinohara, Senior Executive Office of DENSO, in a press release. In order to reach its goals and to o accelerate business execution around electrification, DENSO is establishing an Electrification Innovation Center at DENSO's Anjo Plant in Anjo, Aichi, Japan, in May 2020. The company says that the center will conduct advanced R&D, develop and test prototypes, and launch newly developed automotive electrification products, systems and technologies. In addition, now that Toyota Motor Corporation have officially agreed to consolidate their electronic component businesses within DENSO, Toyota's Hirose Plant will be transferred to DENSO in April 2020. DENSO says that it will use the Anjo and Hirose Plants to an efficient and sustainable manufacturing processes for electrification-related components. The production lines established at the plants will be rolled out to DENSO's manufacturing companies and affiliates worldwide.