Dec, 26 2018 16:35 JST

Source: Denso

AISIN and DENSO to Form a New Company to Develop and Sell Driving Modules for Electric Vehicles


KARIYA, JAPAN, Dec, 26 2018 - (JCN Newswire) - Aisin Seiki Co., Ltd. and DENSO Corporation (DENSO) have formally agreed to form a new company to develop and sell driving modules used for electric vehicles. The new company is named BluE Nexus and will be established in April 2019(1). In August 2018, AISIN and DENSO first announced their basic agreement to establish a joint venture.

Electrification requires a driving module package that consists of transaxles, motor-generators, and inverters, which are key components needed for both partially and fully electric vehicles. AISIN and DENSO will combine their strengths in electrification to develop a wide range of driving modules and sell them to automakers in Japan and throughout the world. Moreover, BluE Nexus will calibrate them for the diverse needs automakers have for hybrid vehicles (HVs), plug-in hybrid vehicles (PHVs), and electric vehicles(EVs).

These modules help automakers and consumers protect the environment against global warming, atmospheric pollution, resource and energy problems, and more.

(1) The establishment of this new company requires the approval of antitrust authorities.


About Denso
DENSO is a $48.3 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 221 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3% of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global.


Contact:
Sadayoshi Yokoyama, Toshiko Watanabe 
DENSO CORPORATION 
Phone: 81-566-25-5594 
Fax: 81-566-25-4509 
[email protected] 
[email protected]
Source: Denso
Sectors: Automotive

Copyright ©2019 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


DENSO, Honeywell Partnership Takes Off to Create Electric Propulsion Systems for Urban Air Mobility
June 11 2019 04:07 JST
 
DENSO to Mass-produce Automotive Alternators Equipped with Newly Developed High-efficiency Diodes
May 23 2019 17:19 JST
 
DENSO and Aisan Studying the Possibility of Strengthening Competitiveness in Powertrain and Future Growth Areas
May 20 2019 17:40 JST
 
DENSO Leads $20 Million Series A Funding Round in U.S. Startup Bond Mobility to Develop Micromobility Services for Urban Transportation
May 02 2019 17:34 JST
 
DENSO Announces Year-end Financial Results
April 26 2019 13:47 JST
 
Toyota, DENSO and SoftBank Vision Fund to Invest $1 Billion in Uber's Advanced Technologies Group
April 19 2019 08:35 JST
 
DENSO to Invest $1.6 Billion to Strengthen Development and Production of Automotive Electrification Products and Systems
April 05 2019 13:43 JST
 
Toyota and DENSO Reach Agreement on Transfer Contract for Consolidating Electronic Component Operations
April 05 2019 13:06 JST
 
DENSO Takes a Stake in Airbiquity to Advance Connected Vehicle Technology
March 12 2019 13:37 JST
 
DENSO Announces New Executive Structure and Management Changes
February 18 2019 15:02 JST
 
More Press release >>

Latest Press Release


More Latest Release >>