DENSO, the world’s second largest mobility supplier, today announced its second quarter (July-September) financial results for its fiscal year 2019, as well as updates in its business strategy to create and inspire new value for the future of mobility. As part of this strategy, or its ‘Second Founding,’ DENSO continues to focus on vehicle electrification, automated driving and connected technology; invest in research and development (R&D) globally; and explore new business domains outside the automotive industry to bring about significant social change and benefits to all.
Sustainability and contributing to a greener world will be pivotal to DENSO’s efforts.
“Since our founding 70 years ago, DENSO has revered sustainability and sought to improve it through our business activities,” said Koji Arima, president and CEO of DENSO Corporation. “To achieve our Long-Term Policy for 2030, it’s critical we deliver solutions that are innovative, safeguard the environment and embrace society’s broader needs. With this in mind, DENSO will continue to prioritize sustainability and aim to resolve social issues as we help transform mobility for all.”
Increasing performance in electrification and automated driving
The automotive industry is betting big on autonomous and electrified vehicles. DENSO, noting the shift, has increased its focus on the technologies that will allow these cars to become more commonplace and make roads safer. Since the spring, the company has announced several major investments to advance the two areas:
“To realize the aggressive safety and sustainability targets in our Long-Term Policy, vehicle electrification and autonomy will be key,” said Yoshifumi Kato, senior executive officer of global R&D at DENSO Corporation. “The progression of these technologies will also help us achieve efficient mobility for all, push us closer to an accident-free society and bolster our overall growth strategy.”
Innovating through global collaboration
DENSO continues to produce technologies and products that increase safety while lowering environmental impact through collaborative innovation and R&D. This drives groundbreaking developments in autonomous vehicles, electrification and other emerging areas. For example:
“In order to broadly deliver value to our customers and consumers around the world, we will continue to invest in leading edge R&D and seek new partners and technologies that keep us at the forefront of mobility,” said Kato.
Focusing on emerging areas to enhance mobility
The role of software in auto-related industries is growing more important by the day. That is why DENSO, by 2025, will increase the size of its global software developer team to 12,000 employees, who will develop next-generation software solutions for automotive technologies.
DENSO has also made expanding its software expertise a central focus in its partnerships with startups, venture-capital firms and large corporations as it advances new mobility solutions – both in and outside the automotive industry.
With DENSO’s expansion into software and new domains, such as in new mobility, mobility-as-a-service (MaaS) and social solutions, it recently announced partnerships with:
New Mobility
MaaS
Social Solutions
“Agile development of software is vital for our customers as new mobility services, and developments outside automotive, continue to rapidly emerge. Our strategic collaborations allow us to act swiftly amid all this change and enable us to take on the biggest problems of today, like pollution, transportation efficiency, health management and mobility access,” said Kenichiro Ito, senior executive officer of DENSO Corporation and chief executive officer of DENSO’s North American headquarters.
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