Published on October 11th, 2017 | by Daniel Sherman Fernandez0
DENSO Invests USD1 Billion in the Future of Mobility
DENSO, one of the world’s largest automotive technology, systems and components suppliers, is expanding its U.S. footprint with a USD1 billion investment in its Maryville, Tennessee location. The investment is part of DENSO’s commitment to advancing automotive innovation in North America, and will significantly increase the role North America plays in the global trend toward vehicle safety and electrification.
DENSO will create more than 1,000 jobs in Maryville, Tennessee to make it a primary manufacturing center in North America for electrification and safety systems. Globally, DENSO is a leading developer of electrification systems for environmentally-friendly automobiles, sophisticated functions involved in vehicle safety and security, and new services that connect vehicles and society. These systems will play a crucial role in meeting increasing electric vehicle demand.
DENSO’s USD1 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 USD400 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 USD1 billion investment in Maryville is the latest in a line of strategic investments in North America for DENSO. The company recently invested USD75.5 million in its Southfield, Michigan headquarters and Dublin, Ohio facilities.