Infineon science and technology hand in hand to set up a power semiconductor joint venture in China to promote the development of the largest electric vehicle market in the world
In March 2, 2018, Shanghai and Munich Chinese - Germany Shanghai automobile group Limited by Share Ltd (hereinafter referred to as "SAIC") and Infineon Technologies AG (hereinafter referred to as "Infineon") today announced the establishment of a joint venture, the electric vehicle market is full of vitality for the Chinese manufacturing power module. SAIC Group shares 51%, and Infineon shares 49%. The joint venture is named SAIC Infineon automotive power semiconductor (Shanghai) Co., Ltd., its headquarters is located in Shanghai, and its production base is located in the Infineon Wuxi plant expansion project. It plans to start mass production in the second half of 2018.
The opening ceremony of the power semiconductor (Shanghai) Limited company of SAIC Infineon
"By providing advanced semiconductor solutions, Infineon has a leading position in the world's major electric car market. It includes a vibrant China market, which has become the world's largest and fastest growing hybrid and pure electric car market. The opening of the new joint venture in Wuxi held a ceremony, members of Infineon Management Committee, responsible for the company's business operations Jochen Hanebeck said: "China and Infineon's biggest carmaker, SAIC will jointly work together to further consolidate and enhance our market position, expand production capacity, to meet the rapidly growing market demand. Meanwhile, with products tailored to the needs of China's electric vehicle industry, we will expand more businesses and serve China's electric vehicle customers more quickly.
Chen Zhixin, the chief executive of SAIC Group, said: "we are very happy and confident about this cooperation. Infineon has great reputation in the field of automotive power module. I believe Infineon's advanced power module solution will perfectly integrate with our professional technology in the field of electric vehicle and vehicle system. Electric vehicles can not only provide customers with high convenience and unparalleled driving experience, but also effectively alleviate the pressure of energy and environment, and promote the sustainable development of the automotive industry. I hope the two sides to set up a joint venture company as the foundation, the director of innovation, to create a new blueprint for the development of.
Mr. Chen Zhixin, President of SAIC Group
SAIC and Infineon's joint venture will provide power solutions for China's electric vehicle market, aiming to provide more convenient and better service and experience for customers in the new energy industry chain in China. In addition, Infineon will continue to serve other markets independently. The joint venture company mainly produces the automobile class frame type IGBT module for the Chinese market - HybridPACKTM. In 2006, Infineon launched the first generation of automotive family frame IGBT module in HybridPACKTM family. At present, Infineon has been widely used in plug-in hybrid electric vehicles and pure electric vehicles all over the world. The flexibility and reliability of the product family will help the customer to optimize the system design, improve the cost performance, and shorten the time of product development and production.
According to the statistics of the China Auto Industry Association, in 2017, China's pluggable hybrid power and pure electric vehicle output were 794 thousand. According to the latest prediction of market research firm IHS Markit *, by 2020, the output of plug-in hybrid electric vehicles and pure electric vehicles will reach 2 million vehicles in 2020, and will reach 4 million 300 thousand vehicles in 2024 -- about 45% of the total expected global demand.
* February 2018, IHS Markit Alternative Propulsion prediction
On SAIC Group
Shanghai Automotive Group Limited by Share Ltd (SAIC), the stock code 600104, is the largest auto listed company in the A share market, and is committed to provide consumers with a full range of travel services and products. In 2017, the total vehicle sales of the company broke through 6 million 930 thousand vehicles, up 6.8% from the same period, far exceeding the average growth rate of 3.3% of the industry, and the leading position of the industry was further highlighted. At the same time, the thirteenth fortune was ranked among the top 500 in the world and ranked forty-first.
At present, the main business includes SAIC vehicle (including passenger cars, commercial vehicles) R & D, production and sales, is actively promoting new energy vehicles, the Internet car commercial, and carry out intelligent driving technology research and industrialization of exploration; parts (including motor drive system, chassis system, interior and exterior system, and battery, electric drive, power electronics and other new energy vehicles and the core components of the intelligent product system) R & D, production and sales; logistics, electric cars, travel services, energy saving and charging service of automobile service trade business; car related finance, insurance and investment business; overseas business and international business; and in the active layout the field of artificial intelligence and big data industry.
About Infineon
Infineon technology stock company is the world's leading semiconductor technology company, we make people's lives more convenient, safe and environmentally friendly. Infineon's microelectronic products and solutions will lead you to a better future. In fiscal year 2017 (by September 30th), the company's sales amounted to 7 billion 100 million euros, with about 37500 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (Stock Code: IFX) and the US OTC market OTCQX International Premier (Stock Code: IFNNY).
Infineon China
Infineon Technology Co., Ltd. formally entered the Chinese market in 1995. Since its first business in Wuxi in October 1995, Infineon's business has been growing rapidly, and has about 2000 employees in China. It has become an important driving force for Infineon's Asia Pacific and global business development. Infineon has established a complete industrial chain covering R & D, production, sales, marketing and technology support in China, and has carried out in-depth cooperation with leading enterprises and universities in terms of sales, technology research and development, personnel training and so on.
