Published: November 13 2023
Denso, a Japanese company, has recently launched a new inverter production plant in Székesfehérvár, Hungary. With a significant investment of EUR 30 million, this plant will manufacture inverters for electric cars.
Growth and Expansion
Since the establishment of the Székesfehérvár plant, Denso has experienced significant growth. The number of employees has increased from 200 to 4,500, and the number of customers and suppliers has also shown substantial growth, from one to 34 and 23 to 87 respectively.
Reasons for Choosing Hungary
Denso chose Hungary as the location for their European factory in 1994 due to two main factors. The first was the full support they received from the city and the government, and the second was the availability of skilled human resources. Over the past 30 years, with continuous government support, Denso has continued to develop and acquire diverse technologies and skills.
Importance of Inverters
The production line in the new Székesfehérvár plant will focus on manufacturing inverters for electric and hybrid vehicles. Inverters are a crucial component in electric cars, as they convert the battery's direct current into alternating current and adjust the frequency to ensure the proper functioning of the engine.
The plant is set to begin mass production of inverters soon. The production of the 5th generation Toyota inverter, which was initially uncertain due to the COVID-19 pandemic, will officially start on Monday, marking the beginning of a new era for Denso.
Overall, Denso's new inverter plant in Székesfehérvár represents a significant investment and a boost to job growth in the region. With the increasing demand for electric vehicles, the plant's production of inverters will play a vital role in supporting the automotive industry's shift towards sustainability.
Questions & Answers
=== What is the purpose of Denso's new inverter plant in Székesfehérvár? Denso's new inverter plant in Székesfehérvár will be used to manufacture one of the most important units for electric cars - inverters.
Why did Denso choose Hungary as the location for their European factory? Denso chose Hungary as the location for their European factory in 1994 due to two reasons: the full support of the city and the government, and the availability of human resources.
How many employees does Denso's plant in Székesfehérvár currently have? The number of employees in Denso's plant in Székesfehérvár has risen from 200 to 4,500.
What is the role of an inverter in electric cars? The inverter is the "heart" of electric cars as it converts the battery's direct current into alternating current and changes the frequency of the current to ensure the engine runs properly.
When will the mass production of inverters at Denso's Székesfehérvár plant officially start? The mass production of inverters at Denso's Székesfehérvár plant will officially start on Monday.
How long has Denso been present in Székesfehérvár? Denso has been present in Székesfehérvár since 1997.
What are Denso's financial figures for its latest financial year? Denso posted a net profit of EUR 13.5 million on net sales of EUR 681 million in its latest financial year ended in March.