Japanese automotive supplier Denso to build new plant in China

[TaiShang]

Japanese automotive supplier Denso to build new plant in China

CGTN - 27-May-2019

Japanese automotive supplier Denso Corp. will invest no less than 2 billion yuan (290.3 million U.S. dollars) to build a plant in Nansha District of Guangzhou, capital of south China's Guangdong Province, sources with the district said Monday.

Covering about 100,000 square meters, the plant will consist of auto parts manufacturing workshops, a quality monitoring center, and warehousing and distribution center to produce auto electronic components upon completion, according to an agreement signed between the management committee of the Guangzhou Nansha economic and technological development zone and Denso (Guang Zhou Nansha) Co. Ltd.

The construction on the project, located in Huangge Township, will start on June 28. It is expected to become operational in 2021 and achieve mass production in 2022.

Yoshitaka Kajita, president of Denso(China) Investment Co. Ltd., said that despite the recent decline in China's vehicle market, China was still a very large and important market in the medium and long term. Therefore, the company had decided to invest more in Nansha District to meet the needs of the market and customers.

The new plant will expand its capacity and focus on designing new products for the development of new energy vehicles and intelligent network vehicles.

Cai Chaolin, Party chief of the Nansha District, said that in recent years the automobile industry has developed to be one of the pillar industries of Nansha District, with total output value of automobile manufacturing and related industries exceeding 100 billion yuan.

The district government will fully support the new plant project, Cai said.

Denso is a world-renowned automotive parts and systems supplier. Its subsidiary Denso (Guang Zhou Nansha) Co. Ltd., was established in 2004 in Nansha District of Guangzhou, mainly engaged in the production and management of engine control systems, filters, horns, chassis control systems and equipment, and molds.

https://news.cgtn.com/news/3d3d774d7751544f34457a6333566d54/index.html

Trade war. Indeed.

@Dungeness , @shi12jun , @sinait , @JSCh , @DayWalker90 , @CNSpeed , @cirr

 

[CHN Bamboo]

Thank the Japanese for their confidence in China's economy.

 

[Dungeness]

Japanese automotive supplier Denso to build new plant in China

CGTN - 27-May-2019

Japanese automotive supplier Denso Corp. will invest no less than 2 billion yuan (290.3 million U.S. dollars) to build a plant in Nansha District of Guangzhou, capital of south China's Guangdong Province, sources with the district said Monday.

Covering about 100,000 square meters, the plant will consist of auto parts manufacturing workshops, a quality monitoring center, and warehousing and distribution center to produce auto electronic components upon completion, according to an agreement signed between the management committee of the Guangzhou Nansha economic and technological development zone and Denso (Guang Zhou Nansha) Co. Ltd.

The construction on the project, located in Huangge Township, will start on June 28. It is expected to become operational in 2021 and achieve mass production in 2022.

Yoshitaka Kajita, president of Denso(China) Investment Co. Ltd., said that despite the recent decline in China's vehicle market, China was still a very large and important market in the medium and long term. Therefore, the company had decided to invest more in Nansha District to meet the needs of the market and customers.

The new plant will expand its capacity and focus on designing new products for the development of new energy vehicles and intelligent network vehicles.

Cai Chaolin, Party chief of the Nansha District, said that in recent years the automobile industry has developed to be one of the pillar industries of Nansha District, with total output value of automobile manufacturing and related industries exceeding 100 billion yuan.

The district government will fully support the new plant project, Cai said.

Denso is a world-renowned automotive parts and systems supplier. Its subsidiary Denso (Guang Zhou Nansha) Co. Ltd., was established in 2004 in Nansha District of Guangzhou, mainly engaged in the production and management of engine control systems, filters, horns, chassis control systems and equipment, and molds.

https://news.cgtn.com/news/3d3d774d7751544f34457a6333566d54/index.html

Trade war. Indeed.

@Dungeness , @shi12jun , @sinait , @JSCh , @DayWalker90 , @CNSpeed , @cirr

I used to drive to Denso US HQ at Kalamazoo, MI quite often. A very good tier-1 auto supplier. It's a logical business move for them.

 

[TaiShang]

Thank the Japanese for their confidence in China's economy.

Informal business circles in East Asia are largely immune to geopolitics, both regional and international.

I used to drive to Denso US HQ at Kalamazoo, MI quite often. A very good tier-1 auto supplier. It's a logical business move for them.

Tell that to comrade @Viva_Viet

Denso lines will achieve full output by 2022, just a year shy of China's collapse due to Trump tariffs.

 

[TaiShang]

Japan's Denso to Pump USD290 Million Into Chinese NEV Parts Factory

ZHANG YUSHUO
DATE : MAY 28 2019/SOURCE : YICAI

Japan's Denso to Pump USD290 Million Into Chinese NEV Parts Factory

(Yicai Global) May 28 -- Japanese auto parts maker Denso has penned a deal with Guangzhou in South China to invest at least CNY2 billion (USD290 million) and build a new-energy vehicle parts factory.

The first of two construction phases to build the 100,000 square meter plant will begin on June 28, local news outlet Nanfang Daily reported. The facility will include manufacturing workshops to produce on-board computers and other auto electric components, quality monitoring centers, warehouses and logistics centers, as well as parking lots and admin offices, the report added.

The plant is expected to open in 2021 before reaching mass production the following year.

Denso, which ranked 229th in the Fortune 500 2018, set up its China unit Denso Guangzhou Nansha in 2004. The city is an important automotive production and sales hub in China and several Japanese vehicle and parts makers, including Toyota, Honda, Nissan and Aisin Seiki, have set up joint ventures there. It is also home to local electric carmakers Xiaopeng Automotive Technology and GAC New Energy.