|Wednesday, 26 December 2018, 15:35 HKT/SGT|
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.
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.
Sadayoshi Yokoyama, Toshiko Watanabe
Dec 26, 2018 15:35 HKT/SGT
Topic: Press release summary
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