For the development of the urban air mobility (UAM) segment, DENSO has signed a long-term agreement with aerospace leader Honeywell. The alliance focused on electric propulsion units to meet new aerospace needs.
- Drawing from their automotive and aerospace backgrounds, the companies will develop and manufacture electric propulsion systems for aircraft, initially prioritizing the urban air mobility (UAM) segment with a focus on air taxis and delivery vehicles.
- DENSO and Honeywell are in advanced discussions with current and prospective customers and intend to deliver flight test configurations of the electric propulsion systems within the next year.
The prominent deals and collaborations by DENSO are mentioned below:
June 2020: DENSO Corporation announced that it had established a DENSO AgriTech Solutions, Inc., a sales company in JV with Certhon Group. The newly formed company focused on providing innovative horticulture solutions.
April 2020: DENSO Corporation had announced the investment in Certhon Group (Certhon), operating mainly in Europe and the United States, to expand horticulture business in the global market. Both companies collaborated to develop and provide greenhouse solutions.
December 2019: DENSO Corporation, had acquired a stake in German start-up company PiNTeam Holding GmbH, a leading vehicle-related software developer. With this deal, DENSO accelerated the development of software that controls in-vehicle electronic control units (ECUs). In April 2019, DENSO had announced that it would invest approximately US$1.6 billion over the three years to support the development of electrified automotive products, systems, and technologies.
September 2019: DENSO Corporation and Beyond Next Ventures Inc. had established OPExPARK Inc. to develop the businesses by utilizing OPeLiNK
July 2019: DENSO and Smiths Manufacturing (Pty) Limited established a joint venture, DENSO Sales South Africa (Pty) Limited to offer aftermarket products and services in South Africa
July 2019: DENSO and Toyota Motor agreed to establish a joint venture for R&D related to next-generation, in-vehicle semiconductors.
About DENSO Corporation
DENSO Corporation, is a worlds second-largest mobility supplier, headquartered in Kariya, Japan. The company develops technology and components for almost every vehicle make and model on the road. The company has a network of more than 211 facilities in around 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems for customers across the world. The company has approximately 170,000 employees worldwide.