A memorandum of understanding (MOU) was agreed during a directors meeting.
Under the MOU, Denso intends to transfer business operations related to oxygen sensors and air-fuel ratio sensors, to Niterra.
The companies will discuss the potential sale of domestic and international operations related to the development, manufacturing, and sales of such products.
A sale would only occur after approval by regulatory authorities.
Denso said this move would allow it to “accelerate the development of products for EVs in preparation for the full scale of electrification and the development of energy management systems”.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData