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DENSO invests $1.6 billion to strengthen development and production of automotive electrification products

May 31, 2019

DENSO, mobility supplier, announced it will invest approximately 180 billion yen (US$1.6 billion) over the three years from fiscal year 2018 to 2020. The investment is for supporting aggressive development and production of electrified automotive products such as inverter.

To accelerate business execution around electrification, DENSO is establishing the Electrification Innovation Center at DENSO’s Anjo Plant in Anjo, Aichi Prefecture in May 2020.

In addition, now that DENSO and Toyota Motor have officially agreed to consolidate their electronic component operations within DENSO, Toyota’s Hirose Plant will be transferred to DENSO in April 2020. Anjo and Hirose plant are positioned as mother plants for motorized products.

Source:SEISANZAI MARKETING Magazine May 2019 issue

This article was translated by “T-4OO”.

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