DENSO Announces U.S. Production of Electrification Product as Automakers Shift to Electric Vehicles

-- World's second largest mobility supplier follows up its $1 billion investment in the future of mobility with production of electrification-related component for OEMs --

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DENSO

Dec 14, 2018, 13:19 ET

SOUTHFIELD, Mich., Dec. 14, 2018 /PRNewswire/ -- As part of DENSO's $1 billion investment to make its Maryville, Tennessee, location a manufacturing hub in North America for electrification, connectivity and advanced safety products, the company announced today it will produce a next-generation inverter for U.S. original equipment manufacturers (OEMs). DENSO also is looking to expand new technology with other customers in the North American market.

DENSO's continued commitment to Tennessee significantly strengthens one of its key manufacturing locations, which is localizing a critical product for North American customers focused on electric vehicles and expanding DENSO's potential customer base. DENSO has been a leading global developer and pioneer of electrification products and systems for environmentally friendly automobiles for more than 20 years. This marks the first production applications of DENSO's next-generation power modules, a critical component for the smaller and more efficient inverters needed for future electrified vehicles.

"The shift to electric vehicles will occur in stages, but we need to ramp up R&D and production now. Our long-term vision is a future with enhanced mobility, with less impact on the environment, and DENSO is committed to advancing automotive innovation and helping our customers meet today's and tomorrow's transportation demands," said Kenichiro Ito, chairman of DENSO's North America Board of Directors and chief executive officer of DENSO International America.

In 2017, DENSO announced its investment in Maryville, along with the creation of 1,000+ U.S. manufacturing jobs in Tennessee. The investment expanded multiple production lines to create products like DENSO's next-generation inverter, as well as advanced safety components, and products that connect vehicles and society.

About DENSO
DENSO is a $48.1 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 220 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 8.8 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2018. For more information about global DENSO, visit https://www.denso.com/global.

In North America, DENSO employs 24,000+ engineers, researchers and skilled workers across 31 sites in the U.S, Canada and Mexico. In the United States alone, DENSO employs 17,000+ employees across 12 states and 25 sites. Headquartered in Southfield, Michigan, in fiscal year ending March 31, 2018, DENSO in North America generated $10.9 billion in consolidated sales. Join us, and craft not only how the world moves, but also your career. For more information, go to https://www.denso.com/us-ca/en/.

SOURCE DENSO