Denso Places Billion Dollar Bet On EVs, Autonomous Tech In US
DENSO has announced a$1 billion investment into its manufacturing plant in Maryville, Tennessee to add multiple production lines to build new electrification products for hybrids and electric vehicles.
The Japanese automotive technology, systems and components supplier, expects that the factory will create more than 1,000 new jobs.
DENSO didn’t state exactly what parts will be produced in Maryville, but the plant will become the primary manufacturing center in North America for electrification and safety systems.
“DENSO’s $1 billion investment will create about 1,000 new production and support jobs, including technicians and engineers. The investment will also expand multiple production lines to produce advanced safety, connectivity, and electrification products for hybrid and electric vehicles. These new products will radically improve fuel efficiency and preserve electric power by recovering and recycling energy, and by connecting all systems and products inside the vehicles. DENSO’s products will create the highest efficiency for a whole vehicle by anticipating the road environment via collaboration with information outside the car and using data to enhance performance of electrified products.DENSO announced a $400 million investment in Maryville in 2015, adding 500 jobs and consolidating various warehouse operations into one central location. The company broke ground on the facility in July 2016.
The $1 billion investment in Maryville is the latest in a line of strategic investments in North America for DENSO. The company recently invested $75.5 million in its Southfield, Michigan headquarters and Dublin, Ohio facilities.”
“This is an investment in the future of DENSO, and also the future of transportation. We are seeing dramatic shifts in the role of transportation in society, and this investment will help position us to meet those changing demands,”.