NASHVILLE—Automotive supplier Denso announced plans to invest $1 billion and create more than 1,000 new jobs in its main Tennessee facility
to meet growing demand for electric vehicle parts.
The investment is aimed at making the Maryville plant the Japanese company’s primary manufacturer in North American for electrificatio n
and safety systems, the company said.
“This is an investment in the future of Denso, and also the future of transportation,” Kenichiro Ito, the chairman of Denso North America,
said in a statement. “We are seeing dramatic shifts in the role of transportation in society, and this investment will help position us
to meet those changing demands.”
The company plans to expand several production lines to produce advanced components for hybrid and electric vehicles.
