Renault, STMicroelectronics Join Forces on Chip Supplies
25 Junho 2021 - 5:35AM
Dow Jones News
By Mauro Orru
Renault SA and STMicroelectronics NV are working together to
secure supplies of key semiconductor components for the French car
maker's electric and hybrid vehicles, as a shortage of components
continues to squeeze the auto industry.
The companies said Friday in a joint statement that their
partnership would focus on the supply of electric and hybrid
vehicle advanced power semiconductors to be produced from 2026.
The European chip maker is set to benefit from significant
volumes guaranteed for the annual usage of power modules and
transistors from 2026 to 2030.
"This partnership secures future supplies of key components
which will significantly contribute to reducing wasted energy by
45% and decreasing the cost of the e-powertrain by 30%, helping us
fulfil our ambition of making electric vehicles affordable,
profitable and popular," Renault Chief Executive Officer Luca de
Meo said.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
June 25, 2021 04:31 ET (08:31 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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