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Industry News
11th October 2017

Toyota’s Denso spends $1 Billion on U.S. EVs, car safety systems

Japan’s Denso Corp. is placing a $1 billion bet that the U.S. auto sector’s future is electric. Toyota Motor Corp.’s top parts supplier said Friday it will invest that much to expand its factory in Maryville, Tennessee, to make components for electrified, connected and self-driving cars. The factory’s customers include the Detroit Three and Japan-based carmakers.

Bloomberg Technology

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