Denso, a Southfield-based automotive technology, systems, and components supplier, today announced a $1 billion investment in its Maryville, Tenn. facility. The investment is part of Denso’s commitment to advancing automotive innovation in North America and will significantly increase the company’s role in the global trend toward vehicle safety and electrification.
Denso has been developing its plans for future mobility for the last three years, including determining the best location to establish its North American manufacturing hub. Denso will also create more than 1,000 jobs in Maryville to make it a primary manufacturing center for electrification and safety systems in North America. Globally, Denso is developing electrification systems for environmentally-friendly automobiles, functions involved in vehicle safety and security, and new services that connect vehicles and society.
"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," says Kenichiro Ito, chairman of Denso’s North America Board of Directors and CEO of DENSO International America.
The investment will also expand multiple production lines to produce advanced safety, connectivity, and electrification products for hybrid and electric vehicles. These new products are expected to improve fuel efficiency and preserve electric power by recovering and recycling energy and connecting all systems and products inside the vehicles.