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January 3, 2019

Aisin and Denso to develop driving modules for electric vehicles

Aisin Seiki (Aisin) and Denso Corporation (Denso) announced they have formally agreed to form a new company to develop and sell driving modules used for electric vehicles. The new company is named BluE Nexus and will be established in April 2019. In August 2018, Aisin and Denso first announced their basic agreement to establish a joint venture.

By Sam Duke

Aisin Seiki (Aisin) and Denso Corporation (Denso) announced they have formally agreed to form a new company to develop and sell driving modules used for electric vehicles. The new company is named BluE Nexus and will be established in April 2019. In August 2018, Aisin and Denso first announced their basic agreement to establish a joint venture.

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Electrification requires a driving module package that consists of transaxles, motor-generators, and inverters, which are key components needed for both partially and fully electric vehicles. Aisin and Denso will combine their strengths in electrification to develop a wide range of driving modules and sell them to automakers in Japan and throughout the world. Moreover, BluE Nexus will calibrate them for the diverse needs automakers have for hybrid vehicles (HVs), plug-in hybrid vehicles (PHVs), and electric vehicles(EVs).

These modules help automakers and consumers protect the environment against global warming, atmospheric pollution, resource and energy problems, and more, the companies say.

Profile of the joint venture:

  • Name: BluE Nexus Corporation
  • Establishment: April 2019 (planned)
  • Location: Anjo City, Aichi Prefecture, Japan
  • Capital: JPY50m (US$450,313)
  • President: Kozo Yamaguchi (currently an executive vice president of Aisin AW)
  • Ownership: 50% owned by Aisin, 50% by Denso
  • Employees: Approx. 200 (April 2019)
  • Business description: Developing, calibrating electric drive modules, selling

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

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