Denso to Invest $1.6 Billion in Electrified Products

Denso Corp. plans to invest 180 billion yen ($1.6 billion) over the next three years for the development and production of components and technologies related to electrified vehicles.

To support the initiative, the company is creating the Electrification Innovation Center at its manufacturing facility in Anjo, Japan. Due to open in May 2020, the center will conduct advanced research and development, test prototypes and work to commercialize new electrification products, according to the supplier.

Denso, which produces inverters and generators for electrified vehicles, also is moving forward with previously announced plans to take charge of the production and development of Toyota Motor Corp.’s core electronics components over the next three years.

Under the scheme, management of Toyota’s Hirose Plant will be transferred to Denso in April 2020. Denso also will implement Toyota’s heralded manufacturing processes throughout its own global facilities.