Technology, Automotive Dec 29, 2021 05:41 PM (GMT+8) · EqualOcean
On December 29, Great Wall Motors signed a strategic investment agreement with Hebei Tongguang Semiconductor Co., Ltd., officially entering the core industry of the third generation semiconductor. According to the investment agreement, Great Wall Motors will take shares in Tongguang as the leading investor, promote the development of the latter's silicon carbide industry, focus on the application of the third-generation wide band gap semiconductor silicon carbide in the new energy vehicle industry, and promote the industrialization of silicon carbide semiconductor materials and chips. The Great Wall Motor's investment in Tongguang will strengthen the layout of Great Wall Motor's upstream and downstream silicon carbide industry and device applications. The conclusion of this partnership will further promote the integrated development of both sides and accelerate the promotion of technological innovation and localization in the automotive field.
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