Denso Launches Inverter Production in Hungary
Photo by T. Schneider / Shutterstock.com
Japanese automotive components maker Denso started production of inverters for hybrid and electric vehicles at a EUR 30 million production facility in Székesfehérvár on Friday, according to a report by state news wire MTI.
In a video message shown during a walkthrough of the base, Jiro Ebihara, Denso Gyarto Magyarorszag's former head, said Szekesfehervar would become Denso's electrification base in Europe.
Yasushi Mukai, Denso's chief executive in Europe, said the company hoped to raise the number of partners to whom it supplies inverters on the European market from one to 34.
Denso employs around 4,500 people at the base in Székesfehérvár.
Denso Gyártó Magyaroszág had net sales revenue of EUR 681 million in its business year ended March 31, public records show.
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