DENSO PRESIDENT ANNOUNCES R&D INVESTMENT PLAN
The Fortune 500 advanced automotive technology supplier will invest €63 billion to kickstart new era of safe and sustainable electromobility
In his first European public appearance as President and Chief Operating Officer of DENSO, Shinnosuke Hayashi revealed that the business plans to invest €63 billion (¥10 trillion) in research and development over the next ten years in line with its pursuit of zero emissions and zero traffic fatalities within mobility and society.
During an announcement at IAA Mobility in Munich, Germany, the recently appointed DENSO President highlighted the role of the wider automotive industry in tackling carbon-emissions, calling upon the sector to find collaborative solutions to make transport as a whole safer and more environmentally friendly.
According to Shinnosuke, businesses like DENSO have a duty to preserve the planet for future generations through the creation of advanced technologies that overcome the twin challenges of environmental pollution and traffic fatalities.
To enable the growing shift towards electric-powered engines, it was revealed that a significant package of investment would allow DENSO to develop technologies for electrification and further expand its product portfolio to accommodate the evolving needs of the mobility ecosystem.
The business is ramping up its global production capacity and is on track to produce around 12 million inverters per year by 2025, while consolidating its expertise within vehicle semiconductor production and thermal management systems.
Advancements within these areas will support improved electric vehicle functionality and range, paving the way towards electrification.
During his speech, Shinnosuke reaffirmed DENSO’s unwavering commitment to leading the industry in carbon neutrality.
This pledge follows the recent unveiling of plans to achieve carbon neutrality throughout the entirety of the company’s supply chain by 2050.
With the successful attainment of carbon neutrality (with credits) within its facilities across Japan and Europe the company is already well on course to achieving operational carbon neutrality by 2035.
Shinnosuke also emphasised the transformative impact of innovative technologies such as carbon capture and recycling, as well as the implementation of Solid Oxide Fuel Cell (SOFC) and Solid Oxide Electrolysis Cell (SOEC) technologies at DENSO’s Japanese facilities.
Having proven their effectiveness in Asia, these technologies are poised to be introduced to a range of European facilities in the coming times.
“Throughout history, human beings have pulled together to rise to significant challenges. Against one of the biggest challenges humanity has ever faced, it is vital that organisations like DENSO collaborate and harmonise with partners across the globe to solve the problems facing our planet,” Shinnosuke said.
“We believe mobility has an important role to play within this journey, and wish to lead the industry in the development of new technologies and solutions to achieve safe and high-value mobility and manufacturing.
“We’re making huge strides in our own manufacturing activities and by doing this, we believe we can empower the entire industry to do the same, to the benefit of society over the medium and long term.”
For more information, visit www.denso.com/global