logo
Plus   Neg
Share
Email

Infineon, SAIC Motor Forms Chinese JV For Electric Vehicles' Power Modules

Infineon Technologies AG (IFNNY), a German manufacturer of semiconductors and system solutions, announced Friday the establishment of a joint venture with China-based SAIC Motor Corporation Limited. The joint venture will manufacture power modules for the dynamically developing electric vehicle market in China.

SAIC Motor holds a stake of 51 percent of the JV and Infineon 49 percent, respectively. The partners have received all approvals by public authorities. The Shanghai -based JV is named SAIC Infineon Automotive Power Modules (Shanghai) Co, Ltd. or SIAPM. Volume production is scheduled to start in the second half of 2018.

The company noted that the JV SIAPM offers power solutions for electric vehicles in China, the world's largest and fastest growing market for electro-mobility. It aims to supply to all customers producing in China.

Infineon said it will continue to independently serve all other markets. The joint venture will focus on frame-based HybridPACK modules for the Chinese market.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A $716 billion defense policy bill easily cleared the Senate on Monday, although the legislation must still be reconciled with the version previously approved by the House. The Senate voted 85 to 10 in favor of the National Defense Authorization Act, which authorizes U.S. military spending for fiscal 2019. Voip-Pal.com Inc. has filed a lawsuit against Amazon Inc., accusing Alexa's calling and messaging services of infringing its patents. The lawsuit, filed by Voip-Pal in the U.S. District Court in Nevada, accuses Amazon's Alexa calling and messaging system of using Voip-Pal's patented technologies to direct voice/video calls and voice messages to both Amazon subscribers and non-subscribers. Canada is a step closer to becoming the first G-7 nation to legalize marijuana nationwide after the House of Commons voted to allow recreational use. The bill will now go back to the country's Senate, which had already approved a version of the bill. On Monday, the House of Commons voted 205 to 82 in favor of the Bill C-45, known as the Cannabis Act.
Follow RTT