Pakistan News

Japan’s Denso unveils $1 billion investment in US for electric cars

October 7, 2017

WASHINGTON: Japanese auto supply giant Denso announced plans Friday to invest $1 billion to expand its US operations to focus on technology for automotive safety and electric vehicles.

The investment is expected to create 1,000 new jobs at Denso’s facility in Tennessee, according to the company.

Why it makes sense for Pakistan to adopt electric cars soon

“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,” said Kenichiro Ito, chairman of Denso North America and chief executive of Denso International America.

Denso’s move comes amid a growing trend by global automakers to shift to electric vehicles and new connected technologies for automobiles.

General Motors targets 20 all-electric models by 2023

Denso last month announced a partnership with fellow Japanese group Mazda to develop electric vehicles.

At the 2016 Consumers Electronics Show, Denso unveiled its system of vehicle to vehicle (V2V) communication designed for accident avoidance and reducing congestion.

The post Japan’s Denso unveils $1 billion investment in US for electric cars appeared first on The Express Tribune.

Source: Tribune News | Japan’s Denso unveils billion investment in US for electric cars

No Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.