Geely Auto And STMicroelectronics Signed A Long-Term SiC Partnership For NEV Transformation And Innovation
Portfolio Pulse from Benzinga Newsdesk
Geely Auto and STMicroelectronics have signed a long-term partnership to enhance the efficiency of Geely's battery electric vehicles using ST's third-generation SiC MOSFETs. An Innovation Joint Lab will be established to support the development of smart, electrified, and connected cars.
June 04, 2024 | 5:30 am
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Geely Auto's partnership with STMicroelectronics to use SiC MOSFETs will likely enhance the efficiency of its battery electric vehicles, potentially boosting its market position in the NEV sector.
The use of STMicroelectronics' SiC MOSFETs is expected to improve the powertrain efficiency of Geely's electric vehicles, which could enhance their market competitiveness and appeal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
STMicroelectronics' partnership with Geely Auto to supply SiC MOSFETs for EVs highlights its technological leadership in the semiconductor industry, potentially driving demand for its products.
The partnership with Geely Auto underscores STMicroelectronics' strength in SiC technology, which could lead to increased demand and market share in the semiconductor industry.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80