Geely Auto Gears up NEV Transformation and Innovation with
Long-Term SiC Supply Agreement and Joint Lab with
STMicroelectronics
Geely Auto Gears up NEV Transformation
and Innovation with Long-Term SiC Supply Agreement and Joint Lab
with STMicroelectronics
- ST’s third generation SiC MOSFETs help increase the powertrain
efficiency for Geely Auto Group battery electric vehicles.
- Innovation Joint Lab set up to support the development of
smart, electrified and connected cars.
Beijing, China, June 4, 2024 –
STMicroelectronics (NYSE: STM), a global
semiconductor leader serving customers across the spectrum of
electronics applications, and Geely Auto Group
(HKEX: HK0175), a global leading automobile and new energy vehicle
(NEV) manufacturer, today announced they have signed a long-term
Silicon Carbide (SiC) supply agreement to accelerate their existing
cooperation on SiC devices. Under the terms of this multi-year
contract, ST will provide multiple Geely Auto brands with SiC power
devices for mid-to-high-end battery electric vehicles (BEVs),
boosting Geely Auto’s NEV transformation strategy with improved
performance, faster charging speeds and extended driving range. In
addition, building on their longstanding cooperation across
multiple automotive applications, Geely and ST have established a
joint lab to exchange information and explore innovative solutions
related to automotive Electronics/Electrical (E/E) architectures
(i.e. in-vehicle infotainment, smart cockpit systems), advanced
driver assistance (ADAS), and NEVs.
Geely Auto Group has adopted ST’s third generation SiC MOSFET
devices in electric traction inverters. The traction inverter is
the core of electric powertrains and SiC MOSFETs maximize their
efficiency. The combination of advanced inverter design with
high-efficiency power semiconductors, like SiC, is the key to
superior electric vehicle performance.
“We are very pleased to establish a win-win cooperation with
STMicroelectronics, to empower each other and fully utilize our
respective advantages and resources. I believe that through the
form of innovation joint lab, Geely and ST can deepen our
cooperation, achieve mutual benefit, and accelerate the development
and implementation of innovative technologies in Geely Auto," said
Li Chuanhai, President of Electronic and Electrical Center of Geely
Automotive Central Research Institute.
“We are pleased to have a deep cooperation with global
automotive semiconductor leader STMicroelectronics to establish an
innovation joint lab. Both sides will deepen long-term cooperation
in fields such as smart driving to jointly focus on customer needs,
accelerate the implementation of new products and solutions, and
shape an efficient cooperation mode. I believe that this
cooperation will be beneficial for both parties to conduct more
forward-looking technical research based on the development trends
of smart, electrified, and connected cars. Geely is delighted to
leverage STMicroelectronics' leading automotive business solutions
to be well positioned in product performance, system integration,
and overall market competitiveness,” said Fu Zhaohui, Director of
the Electronic and Electrical Center of Geely Automotive Central
Research Institute.
“Geely Auto, is a shining example of automotive innovation in
China, making rapid progress in car electrification and
digitalization, while expanding its presence in the global market.
This long-term SiC supply agreement and the joint lab establishment
mark a significant step forward in our long-established
cooperation,” said Henry Cao, Executive Vice President of Sales
& Marketing, China Region, STMicroelectronics. “China is the
biggest NEV market worldwide and a leading innovator. Our local
competence centers and joint labs with our customers across the
value chain of automotive allow ST to better support automotive
innovation and transformation in China.”
As a leading global automobile manufacturer and China's top
automotive brand, Geely Auto sold a total of 1.68 million vehicles
in 2023, with NEV sales reaching 480,000 units, accounting for 28%
of the Company's total sales for the year. This NEV sales volume
represents a year-over-year increase of 48%, demonstrating Geely
Auto’s successful transition towards NEV and its growing impact in
the industry.
With a state-of-the-art SiC manufacturing process and a
completely vertically integrated supply-chain, ST provides SiC
devices for a wide range of EV applications including traction
inverter, OBC (onboard charger), DC-DC converter, EV charging
station and e-compressor application, significantly enhancing the
performance, efficiency, and range of NEVs. In June 2023, ST and
Sanan Optoelectronics, a market leader in compound semiconductors
in China, announced the creation of a new 200mm SiC device
manufacturing JV in Chongqing, China. This facility will better
support the needs of Chinese customers as ST collaborates with more
leading Chinese carmakers, industrial customers, and solution
providers in SiC, to accelerate the pace of electrification in
China.
About Geely Holding GroupGeely Holding Group
was founded in 1986. In 1997, Geely Holding entered the automotive
industry and has since focused core business on the development and
production of automobiles. Geely has continued to grow with a focus
on continuous technological innovation, talent development, and
strengthening core competitiveness, all the while staying committed
to sustainable development. Since 2012, Geely Holding has ranked
among the Fortune Global 500 for twelve consecutive years (ranked
225th in 2023) with assets totaling over 510 billion RMB, and more
than 140,000 global employees. Geely Holding ranked among Brand
Finance’s Top 10 Most Valuable Auto Portfolio Brands 2022 — the
only Chinese auto group on the list.
Geely Holding is committed to becoming a globally competitive
and influential smart electric mobility technology enterprise and
energy service provider, engaged in automotive, upstream and
downstream industrial chains, intelligent travel services, green
transportation capacity, digital technology, etc. With the
electrification and intelligent transformation of the automotive
industry as the core, Geely Holding has also been developing
cutting-edge technologies in new energy, shared mobility, vehicle
networks, autonomous driving, on-board chips, low-orbit satellites,
and laser communication, building a science and technology moat and
strengthen the science and technology ecosystem. Further
information can be found at www.geely.com.
About STMicroelectronicsAt ST, we are over
50,000 creators and makers of semiconductor technologies mastering
the semiconductor supply chain with state-of-the-art manufacturing
facilities. An integrated device manufacturer, we work with more
than 200,000 customers and thousands of partners to design and
build products, solutions, and ecosystems that address their
challenges and opportunities, and the need to support a more
sustainable world. Our technologies enable smarter mobility, more
efficient power and energy management, and the wide-scale
deployment of cloud-connected autonomous things. We are committed
to achieving our goal to become carbon neutral on scope 1 and 2 and
partially scope 3 by 2027. Further information can be found at
www.st.com.
For further information, please
contact:MEDIA RELATIONSAlexis
BretonCorporate External CommunicationsTel:
+33.6.59.16.79.08alexis.breton@st.com
INVESTOR RELATIONSCéline BerthierTél :
+41.22.929.58.12celine.berthier@st.com
- T4631I - ST and Geely agreement - FINAL FOR PUBLICATION
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