Geely Automobile deepens its new energy transformation and signs a long-term SiC supply agreement with STMicroelectronics

According to news on June 4, STMicroelectronics (ST) and Geely Automobile Group jointly announced today that the two parties have officially signed a long-term supply agreement for silicon carbide (SiC) devices. This cooperation will further promote the application and development of silicon carbide devices on the original basis.

According to the agreement, STMicroelectronics will provide high-performance SiC power devices for multiple mid-to-high-end pure electric vehicle brands owned by Geely Automobile. The application of these devices is expected to significantly improve the performance of Geely's electric vehicles, speed up charging, and extend the cruising range, thereby providing users with a better driving experience.

It is understood that in addition to cooperation in the supply of silicon carbide devices, the two parties have also decided to launch deeper cooperation in multiple automotive application fields. To this end, Geely and ST jointly established the Innovation Joint Laboratory, aiming to exchange and explore ideas in related fields such as automotive electronics/electrical (E/E) architecture, advanced driving assistance (ADAS), and new energy vehicles. Innovative solutions. This move will not only help both parties jointly develop more market-competitive products, but will also promote technological progress in the entire new energy vehicle industry.

The content after fine-tuning according to the meaning is as follows: Cao Zhiping, executive vice president of STMicroelectronics and president of China, said in an interview: "As the world's largest new energy vehicle market and leading innovation market, China has an extremely important strategic position for STMicroelectronics. We will use We will fully support China’s automotive innovation and upgrading through the establishment of local technology innovation centers and the establishment of joint laboratories with customers and partners in the automotive industry chain.” (Word count: 116)

According to data query, Geely Automobile has achieved significant sales performance in the past year. Total sales in 2023 will reach 1.68 million units, of which new energy vehicle sales will be 480,000 units, a year-on-year increase of 48%, accounting for 28% of total annual sales. The growth of this data not only demonstrates Geely Auto's strong strength in the field of new energy vehicles, but also lays a solid foundation for its cooperation with STMicroelectronics.

STMicroelectronics is also actively developing its presence in the Chinese market. In June last year, the company announced a joint venture agreement with Sanan Optoelectronics, a leading Chinese compound semiconductor company, to jointly build an 8-inch SiC device joint venture manufacturing plant in Chongqing.

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