Renesas Electronics has established a New Energy Vehicle Solution Centre directly under the China Business Unit to accelerate the new energy vehicle (NEV) market.
China has positioned EVs, PHVs, and fuel cell electric vehicles (FCEVs) as NEVs and considers the sector to be a strategic national industry. The Chinese government has announced a policy aimed at expanding production and sales of new energy vehicles to 2m units annually by 2020 and increasing the share of total cars produced and sold accounted for by new energy vehicles to more than 20% by 2025.
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To accelerate this effort and to expand the transition into NEV, the Chinese government has also announced its plan to implement a credit-score program from 2018, which makes carmakers that manufacture or import NEVs obliged to obtain a NEV score, which is linked to the average amount of fuel consumption and the proportion of the number of NEVs they import.
“Renesas recognises China is now the world’s largest market for new energy vehicles and an advanced market for new energy vehicle development,” said a Renasas statement.
“As such, Renesas will establish the new organisation in order to actively engage in local innovation and market opportunities and to reflect these insights in the planning and development of solutions as well as the formulation and implementation of plans for cultivating new business.”
The China Business Unit, which was set up in March this year with the aim of unifying in a single business unit sales, marketing, design and development, and manufacturing functions for the Chinese market.
In November 2015 Renesas announced a partnership with National Electric Vehicle Sweden (NEVS), a Swedish company in which the Chinese government holds a majority investment and in May, 2017, announced a partnership with Great Wall Motors, China’s largest manufacturer of SUVs and pick-up trucks.
