Renesas Electronics and National Electric Vehicle Sweden (NEVS) have inked an agreement using the Swedish automaker's Phoenix architecture for electric vehicles and the former's technologies for new energy models.
Renesas and NEVS will start a joint project to develop business strategies for the new energy vehicle market in China.
Go deeper with GlobalData
“The focus of this partnership is to build advanced automotive electronics technologies,” said a Renesas statement.
“The companies will engage in the development of automotive control systems for new energy vehicles. This includes R&D of motor drive systems, automotive information systems, ADAS (Advanced Driving Assistance System) and safety control systems.
“It will also extend to the development of new automotive applications [such] as cloud-connected systems.
“By collaborating from the two ends of the automotive industry chain, Renesas and NEVS aim to lead the development of safe, secure, comfortable and eco-friendly intelligent automobiles for the new energy vehicle industry.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
