GWM and STMicroelectronics signed a strategic cooperation agreement

Zheng Lipeng, Chairman of Great Wall Motor's Components Group, Jiang Jiajia, General Manager of Innosilicon, Jean-Marc Chery, President and CEO of STMicroelectronics, Cao Zhiping, Executive Vice President and President of China, Vice President of China and Power, Discrete Francesco MUGGERI, head of the device and analog device product department, and Zhao Mingyu, vice president of China and head of the automotive business group, attended the signing ceremony held in Shenzhen.

Xindong Semiconductor was established in 2022 and focuses on the development of third-generation SiC power semiconductor modules and application solutions. In February 2023, their third-generation semiconductor module packaging and testing project began construction in Wuxi City, Jiangsu Province, and the first production line was put into operation in October. The factory has a total investment of 800 million yuan, covers an area of about 30,000 square meters, and is expected to have an annual production capacity of 1.2 million sets of automotive-grade modules.

With the growth of new energy vehicle market demand, consumers have put forward higher requirements for the cruising range and charging speed of new energy vehicles, which has prompted more and more car manufacturers to shift charging platforms from 400V to 800V high-voltage platforms. To better support daily commuting and long-distance travel. SiC chips are widely used in key components such as electric drive inverters, electric vehicle on-board charging (OBC) and DC-DC converters (DC-DC) due to their high voltage resistance and high junction temperature characteristics. In recent years, the delivery volume of new energy vehicles has continued to increase, and the demand for SiC chips from car companies has also continued to grow.

STMicroelectronics is an international semiconductor integrated component manufacturer headquartered in Geneva, Switzerland. This signing marks the establishment of a long-term cooperative relationship between Great Wall Motors Innosilicon and high-quality suppliers. STMicroelectronics can stably provide SiC chips to Great Wall Motors to ensure its in-depth development in the field of SiC power modules. This move will further promote Great Wall Motors' vertical integration and increase its development efforts in the new energy field.