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    Electrical steel production in US far from sufficient to support OEMs’ electrification goals
    According to S&P Global Mobility, hybrid and electric light vehicle production in the United States is forecast to grow at a compound annual growth rate (CAGR) of 17% between 2023 and 2030 to 9.8 million units. This is also going to drive demand for EV motors (e-motors) in the country, which we forecast will grow at a CAGR of 20% over the same period to 14 million units. Besides its application in other industries, electrical steel is also used in the manufacturing of e-motors and charger...
    Insights
    Our battery technology delivers a platform for manufacturing efficient, affordable EVs: OneD Battery Sciences
    S&P Global Mobility: How was OneD Battery Sciences established? Please tell us about the origin of ‘SINANODE’ platform. Vincent Pluvinage: I have lived in the Silicon Valley since 1987, and I have taken a couple of companies public. Since 2001–02, I have been active in Silicon Valley as an investor, mainly focusing on innovative technologies, where I can use my physics and bioengineering background, to bring to market technologies that are well patented. I am an inventor at heart...
    Insights
    Denso to invest $63 million in Michigan, US, thermal plant
    Japanese supplier Denso announced an investment of $63 million in its Battle Creek, Mich., thermal manufacturing facility to retool production lines, accommodating product offerings that will support the electrification of vehicles in the years ahead, a company press release said on September 8. The announcement came on the second day of Michigan Governor Gretchen Whitmer's visit to Japan. The governor announced the project win at Denso's Global Headquarters in Japan as part of her effor...
    News
    Denso to open new office in Tokyo
    Denso has announced that it will establish a new office in Minato-ku, Tokyo, in May 2024, in a press release dated August 9. The company will integrate sales, engineering, business and corporate division operations into the new office. It will serve as a home base for face-to-face communication with customers, partners and government agencies in the Greater Tokyo Area. The Japanese supplier has conducted research and development (R&D) to field operational tests using actual vehicles throu...
    News
    Denso explores sale of select internal combustion engine-related operations to Niterra
    Denso Corp. on July 10 announced the conclusion of a memorandum of understanding (MOU) on starting negotiations for the transfer of selected internal combustion engine (ICE) parts operations to Niterra Co. Ltd. The two companies reached a decision to sign the MOU during a board of directors meeting. Denso has agreed to transfer business operations for its spark plug and exhaust gas sensor products (oxygen sensor and air-fuel ratio sensor) to Niterra. Significance: Globally, the focus ...
    News
    Denso announces a fresh investment of $13 million in its Mexico factory
    Denso Corp., part of the Toyota Group that manufactures cooling, air-conditioning and windshield-wiper systems is planning to expand its operations at its plant in Guanajuato Puerto Interior, part of the municipality of Silao, Mexico, with an additional investment of $13 million, Mexico Now reported June 12. The proposed investment is the fourth expansion by the company and is likely to generate nearly 450 jobs. From this plant, Denso serves key customers such as Toyota...
    News
    Denso expands Hungary plant with the addition of three new production lines
    According to a press release by the Hungarian Investment Promotion Agency dated June 12, Denso Manufacturing Hungary has installed three new production lines at its Székesfehérvár, Hungary, manufacturing plant. With an approximate investment of €64.4 million, the expansion will be completed by April 2024 and is likely to create 55 new jobs. The development is set to equip the company with the capability to adapt its operation to the rapidly changing market demand driven by electrifi...
    News
    Denso and USJC mass-produce automotive IGBT
    Denso Corp. (Denso) and United Semiconductor Japan Co. Ltd. (USJC), a subsidiary of United Microelectronics Corp., have announced a collaboration to produce automotive insulated-gate bipolar transistors (IGBT), according to a company press release dated May 10. The IGBTs have entered into mass production at the 300 mm fab of USJC. “USJC is proud to be the first semiconductor foundry in Japan to manufacture IGBT on 300 mm wafers, offering customers greater production efficiency than the...
    News
    DENSO develops SiC inverter for electric driving module
    DENSO has developed an inverter with Silicon Carbide (SiC) semiconductors, it stated in a press release dated March 31. The inverter is being incorporated in the eAxle electric driving module by BluE Nexus and will be used in the Lexus RZ battery-electric vehicle (BEV). The inverter is based on technology jointly developed by DENSO and Toyota Central R&D Labs. It uses SiC epitaxial wafers. Significance: SiC is increasingly being used by automotive suppliers due to its high switching sp...
    News
    Electreon partners with Toyota and Denso to jointly develop wireless charging technology
    Electreon partnered with Toyota and Denso to work toward advanced wireless vehicle technology. This partnership agreement follows a successful comprehensive technology evaluation with the demonstration of the RAV4-PHEV charging on the wireless road. All three companies are aiming to promote technical development and adoption of wireless charging technology. The alliance intends codevelopment of an aftermarket wireless kit for current electric vehicles (EVs) to utilize wireless ...
    News
    DENSO reports Q3 2022 revenue at USD34.6 billion, up 15.6% y/y
    DENSO has reported third-quarter revenue at JPY4,635.7 billion (USD35.6) billion with year-on-year (y/y) growth of 15.6% compared with JPY3,508.6 billion in the third quarter of 2022 for the three months ended 31 December 2022, according to a filing by the company on 3 February 2023. Operating income for the first quarter was JPY267.9  billion, a 4.6% increase from third quarter of 2021. In Japan, sales climbed to JPY2,691.7 billion, up 3.9% from the prior year, while operating profit in...
    News
    DENSO posts 16.9% y/y increase in Q2 revenue to USD20.9 billion
    DENSO has reported a 16.9% year-on-year (y/y) rise in consolidated revenue to JPY3.02 trillion (USD20.9 billion) for the second quarter ended 30 September 2022, the Japanese supplier said in a press release on 28 October. Operating profit for the period totaled JPY155.4 billion, down by 2.5% and net profit dropped 6.1% to JPY105.8 billion. “Revenue in the first half of our fiscal year increased compared to the previous year due to sales recovery, sales expansion and foreign exchange gains. ...
    News
    DENSO expands manufacturing facility in Guanajuato, Mexico
    Japanese supplier DENSO has inaugurated third expansion at its manufacturing plant in Guanajuato Puerto Interior, Mexico, Mexico Now reported on 26 October. Diego Sinhue Rodríguez Vallejo, The Governor of Guanajuato, said, “Today we can say with pride and satisfaction that Guanajuato is an industrial power, thanks to the cooperative alliances we have built over the years with world-class companies such as DENSO.” Significance: Denso will invest USD9.8 million as part of the expansion ...
    News
    DENSO collaborates with NTT to develop security operation center for vehicles
    DENSO has announced a collaboration with NTT Communications Corporation to develop the Security Operation Center for Vehicles (VSOC) to prevent cyberattacks against vehicles, according to a company press release dated 18 October. NTT Com will provide its technologies related to IT security, such as networking, cloud computing, and ICT SOC, while DENSO will use its technologies related to information security, communications, and data analysis, which it has cultivated in the areas of in-vehicl...
    News
    Decoding DENSO’s semiconductor strategy
    Japan’s DENSO Corporation, one of the leading global automotive suppliers of powertrain, thermal, and safety systems, recorded a 4.2% year-on-year (y/y) decline in its fiscal year (FY) 2021 revenue, which stood at JPY4,936.7 billion (about USD45.1 billion). The company attributed this year-on-year fall to the significant decline in car sales resulting from COVID-19, followed by the shortages in semiconductors and other raw materials. Yasushi Matsui, CEO at DENSO Corporation, projected in the c...
    Insights
    DENSO expands vision sensor detection angle of Subaru models to enhance vehicle safety
    DENSO announced it has expanded the detection angle of its vision sensor, increasing the sensor's ability to recognize pedestrians and bicycles around a vehicle to improve road safety, according to a press release on 27 September 2022. The vision sensor is used on some grades of the SUBARU Legacy Outback, announced on 13 April 2022, for the North American market, and the all-new SUBARU Crosstrek unveiled for the Japanese market. Unexpected pedestrians abruptly cross side streets. Such inciden...
    News
    DENSO, Obayashi run EV wireless charging pilot project in Japan
    DENSO, one of the world’s largest automotive component suppliers, and Japanese construction group Obayashi have started testing road pavement with wireless charging that can power electric vehicles (EVs) as they are driven, according to a news report filed by news agency Nikkei Asia on 20 September 2022. The report said that DENSO and its partner are looking to implement the wireless charging technology for real-world applications by 2025. The report stated that the two companies are runnin...
    News
    DENSO reports Q1 2022 net sales at USD10.37 billion, up 4.3% y/y
    DENSO has reported first-quarter net sales at JPY1,415 billion (USD10.37) billion with year-on-year (y/y) growth of 4.3% compared with JPY1,356,866 billion in the first quarter of 2021 for the three months ended 30 June 2022, according to a filing by the company on 29 July 2022. Operating income for the first quarter was JPY63.64 billion compared with JPY107.18 billion in the first quarter of 2021. The company said in a press release, DENSO’s efforts and updates continue to be driven by its...
    News
    Denso introduces new power semiconductors to increase efficiency of EVs
    Denso has unveiled a new power-semiconductor device for electric vehicles that can reduce energy loss by 20%, according to a report published by Nikkei Asia on 24 July 2022. The performance of electric vehicles (EVs) depends on power chips as well as analog semiconductor devices that check the health of the batteries. Instead of contracting out design and manufacture, as it does with other automotive chips, Denso is increasing internal research and production of these components. Denso is ...
    News
    DENSO develops new wireless power transfer charging technology
    DENSO has developed a wireless power transfer charging technology, Public News Time reported on 21 June. The technology enables devices to automatically charge electric vehicle batteries when stationary or on the move. “By installing electric power charging systems in these locations, we can expand the potential uses of automated guided vehicles (AGVs) and greatly improve task automation and efficiency. Looking further into the future, automated mobility will be active not only in factories...
    News
    DENSO presents semiconductor strategy updates at business briefing
    DENSO, a mobility supplier has shared its semiconductor strategy and how the company is achieving its long-term policy 2030 at a business briefing, according to a press release on 1 June 2022. DENSO executives discussed the company's two great causes: "Green" to achieve carbon neutrality by 2035 and "Peace of Mind" to create a world that is safe and seamless. Strategies for microcomputer and system-on-chip (SoC): To ensure steady procurement of sophisticated logic semiconductors, promote d...
    News
    DENSO reports FY 2021 revenue at USD45.1 billion, up 11.7% y/y
    DENSO has reported FY 2021 revenue at JPY5,515.5 billion (USD45.1 billion), up 11.7 year-on-year y/y over FY 2020 revenue of JPY4,936.7 billion in 2020, the company said while reporting its financial results on 28 April 2022. Operating income for the year was up 120% y/y to JPY341.2 billion compared to JPY155.1 billion in the previous year. Net income was up 95% y/y to JPY288.7 billion, compared to 148.0 billion for the first quarter of 2021. In Japan, revenue climbed by 10.6% to JPY3,515.1 b...
    News
    DENSO, USJC partner on automotive power semiconductors
    DENSO and United Semiconductor Japan Co., Ltd. (USJC), a subsidiary of global semiconductor foundry United Microelectronics Corp. have announced that the companies have agreed to collaborate on the production of power semiconductors at USJC’s 300 mm fab to serve the growing demand in the automotive market, according to an official press release on 26 April 2022. At USJC's wafer fab, an insulated gate bipolar transistor (IGBT) line on 300mm wafers will be installed. To bring the 300 mm ...
    News
    DENSO to supply key electrification components for Toyota’s bZ4X and Subaru’s SOLTERRA
    DENSO Corporation will be supplying electrification components for Toyota’s bZ4X and Subaru’s all-electric SOLTERRA, it said in a press release on 13 April. The bZ4X is scheduled to be launched in May 2022 while the Solterra will release in mid-2022. DENSO will provide current sensors detecting charging flow and discharging battery electricity, Electricity Supply Unit (ESU) which combines battery charging, electrical power conversion, and electrical power distribution, heat pump system, R...
    News
    DENSO acquires minority Stake in Japan Advanced Semiconductor Manufacturing
    DENSO Corporation announces USD0.35 billion investment to acquire minority stake in Japan Advanced Semiconductor Manufacturing, Inc. (JASM), according to a press release published by TSMC on 15 February. Taiwan Semiconductor Manufacturing Co. (TSMC) owns majority stake in the manufacturing subsidiary in Kumamoto Prefecture, Japan. Dr. CC Wei, CEO of TSMC, said, “TSMC is very glad to welcome DENSO’s participation in JASM to enable fresh innovations in the future of transportation toge...
    News
    DENSO develops Global Safety Package 3 for vehicle sensing
    DENSO has developed Global Safety Package 3, it said in a press release on 14 January. Global Safety Package 3 is an active safety system to improve safety of vehicles by giving them high sensing capability of their surroundings. A version of the product is currently used in the Hino Ranger, the Lexus NX, and the Toyota Noah and Voxy models. The product has a wider detection angle, compared to the previous version, longer detection range, and improved speed resolution to avoid collisions at i...
    News
    DENSO posts 24.5% y/y rise in Q2 revenue at USD23.1 billion
    DENSO has reported a 24.5% year-on-year (y/y) rise in consolidated revenue to JPY2.6 trillion (USD23.1 billion) for the second quarter ended 30 September 2021, the Japanese supplier said in a press release on 29 October. Operating profit for the period totaled JPY159.3 billion and net profit came in at JPY112.7 billion. “Both revenue and operating profit increased due to recovery of vehicle sales from COVID-19 and because of profit improvements from the previous year, although the semicondu...
    News
    DENSO invests in dellfer to help bring automotive cybersecurity software to market
    According to official press release dated 19 October, Dellfer, an automotive and internet of things (IoT) cybersecurity software company, announced that DENSO, a leading mobility supplier, and Option3, a specialist cybersecurity private equity firm, have made an USD 8M joint investment into the company. As part of the investment, both companies will serve on Dellfer's board of directors, providing operational and sales channel support. Dellfer's best-in-class cybersecurity solutions for the a...
    News
    NSITEXE partners with Quadric to develop high performance processor IP for automotive applications
    DENSO’s unit NSITEXE has announced a partnership with Quadric, under which NSITEXE will use quadric’s processor IP to develop safety solutions for automotive applications like autonomous driving, mobility-as-a-service (MaaS) and smart sensors, according to a 12 October press release. NSITEXE’s processor IPs based RISC-V ISA are ISO 26262 ASIL D ready, ideal for automotive and other safety critical systems. “We have evaluated Quadric’s software and hardware capabilities and the flexi...
    News
    Brandmotion partners with DENSO, Services Americas to equip vehicles with V2X technology
    Brandmotion has announced a collaboration with DENSO Products and Services Americas to offer a one stop service for equipping vehicles with advanced vehicle-to-everything (V2X) technology, the company said in a press release on 7 October. “We are committed to supporting USDOT's national focus on achieving roadside infrastructure and equipped vehicles to advance the safety benefit without delay and to provide the state agencies with ‘real-time’ road data. Brandmotion has been honored to ...
    News
    IAR systems collaborates with NSITEXE to accelerate functional safety development for RISC-V
    AR Systems, the future-proof supplier of software tools and services for embedded development, announced a partnership with NSITEXE, a group company of DENSO Corporation that develops and sells high-performance semiconductor IP, according to a press release on PR Newswire dated 2 August. The collaboration aims to bring high-performance development tool solutions with guaranteed functional safety and extensive support services to RISC-V-based innovative applications. "Our collaboration with NS...
    News
    DENSO’s Q1 revenue rises 77.3% y/y to USD12.37 billion
    DENSO Corporation has reported a 77.3% year-on-year (y/y) increase in revenue for the first quarter at JPY1.36 trillion (USD12.37 billion), according to an official media filing on 30 July. Net profit came in at JPY89.3 billion and operating profit of JPY107.2 billion. Last year, the company posted an operating loss of JPY106.6 billion. “Revenue increased due to recovery of vehicle sales and production against COVID-19 from the previous year. Operating income increased due to higher pr...
    News
    DENSO validates DriveU.auto connectivity platform for autonomous vehicle teleoperation
    DriveU.auto has announced that DENSO remotely drove a vehicle, using DriveU.auto’s high-capacity, low latency technology in real-world scenarios, according to a company blog post on 18 May. As part of the collaboration between the two companies, remote driving of a vehicle in the US was controlled from Abashiri in Japan. The companies have commenced the integration of the DriveU software onto the DENSO hardware architecture. DENSO will verify systems using HD images from in-vehicle cameras ...
    News
    DENSO to use Siemens software for model development
    Siemens Digital Industries Software has announced that DENSO has picked its portfolio for the technological foundation of its next-generation model-based development (MBD), according to a company press release dated 24 June. DENSO can use the software to reduce time needed for product development, cut costs, increase design quality, and improve competitiveness. “We are honored to collaborate with DENSO to drive next-generation MBD product development for their business transformat...
    News
    Metal additive manufacturing startup Seurat closes USD41 million Series B round