On November 20th, V&T signed a strategic cooperation framework agreement with Shenzhen BYD Microelectronics Co., Ltd., reaching a cooperation consensus on the application and promotion of motor controller units, integrated electronic control, IGBT modules and wafers, SiC modules and wafers, current sensors and other products.
The company has launched a strategic cooperation with BYD Microelectronics, focusing on the application and promotion of motor controller units, integrated electronic control, IGBT modules and wafers, SiC modules and wafers, current sensors and other products. Utilize their respective strengths to create more competitive products, further improve overall operational efficiency, and reduce operating costs.
This signing is conducive to the strategic extension of the company to key technological fields such as upstream core raw materials such as IGBT modules and wafers, SiC modules and wafers, achieving cost optimization control and raw material supply guarantee. In addition, cooperation between the two parties is beneficial for the company's technological advancement and industrial layout in electric vehicle motor controllers and related products.
Both parties will work closely together to build a win-win and sustainable strategic partnership, achieve future market expansion strategies, gain market share, and create greater commercial value. V&T is willing to join hands with more outstanding enterprises in the industry to contribute to the development of the new energy vehicle industry and industrial automation industry together!
Xu Xuehai, Director and Deputy General Manager of V&T, and Chen Gang, General Manager of BYD Microelectronics, as well as representatives from both parties, attended the ceremony and witnessed the signing of the contract.
About BYD Microelectronics
BYD Microelectronics (an independent subsidiary of BYD Group) has always been committed to the development of integrated circuits and power devices, based on independent technological research and development, closely following the world's advanced level. It is the first enterprise in China to achieve large-scale production of automotive grade IGBT, and the first enterprise in China to have a full industry chain of IGBT chip design and manufacturing, module design and manufacturing, testing, and vehicle application. In 2018, BYD Microelectronics released IGBT 4.0 product performance, setting a new benchmark for mid to high end automotive products in China. As of October 2019, BYD has installed over 1 million IGBTs for automotive use, ranking among the top in the domestic market share.