DENSO is expanding its U.S. presence with a $1 billion investment in its Maryville, Tennessee location. DENSO will create more than 1,000 jobs to make it a primary manufacturing center in North America for electrification and safety systems.
Globally, DENSO claims to be a leading developer of electrification systems for automobiles, tasks involved in vehicle safety and security, and newer areas that connect vehicles and society. These systems will play a crucial role in meeting increasing electric vehicle demand, says DENSO.
“This is an investment in the future of DENSO, and 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,” said Kenichiro Ito, chairman of DENSO’s North America Board of Directors and chief executive officer of DENSO International America.
Investments
DENSO’s $1 billion investment will expand multiple production lines to produce advanced safety, connectivity, and electrification products for hybrid and electric vehicles. These new products will 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 it’s said, “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 company recently invested $75.5 million in its Southfield, Michigan headquarters and Dublin, Ohio facilities.
