Dramatic shifts in the role of transportation in society are being witnessed and the companies are investing strategically in order to position themselves to meet those changing demands. Corroborating this, Denso has announced that it will invest a $1 billion in its Maryville, Tennessee location in the US, as part of its commitment to advancing automotive innovation in North America.
The investment is expected to create about 1,000 new production and support jobs along with expanding multiple production lines to produce advanced safety, connectivity, and electrification products for hybrid and electric vehicles.
The expanded facility will become one of the largest automotive component factories in North America at a time when EVs with autonomous and connected features are entering high-volume output for the first time. Parts to be made on the expanded production lines will include things like radar sensors for self-driving and data control modules that connect moving vehicles to the internet, allowing manufacturers to send over-the-air software updates, according to a report by Bloomberg.
It is known that Denso is among the leading developers of electrification systems for environmentally-friendly automobiles, sophisticated functions involved in vehicle safety and security, and new services that connect vehicles and society. The Japanese automaker Toyota holds 38% stake in the company.