25 May 2017
TOKYO, Japan and BAODING, China, May 25, 2017 - Renesas Electronics Corporation (TSE:6723, “Renesas”), a premier supplier of advanced semiconductor solutions, and Great Wall Motors Co. Ltd. (“GWM”), China’s largest SUV and pickup manufacturer, today announced a strategic collaboration to develop automotive semiconductor technologies and solutions that will spur the growth of advanced new energy vehicles, including electric vehicles (EV) and plug-in hybrid vehicles (PHV), and self-driving cars in China.
The signing ceremony of the strategic collaboration was held in Baoding, Hebei with attendance of Bunsei Kure, President and CEO of Renesas Electronics Corporation, and Wei Jianjun, Chairman of Great Wall Motors, and other representatives of both companies.
The collaboration will be led by a joint development team comprising engineers from Renesas and GWM who will focus on four key fields: (1) key components of new energy vehicles; (2) automotive network systems capable of high-speed and robust communication; (3) next-generation automotive infotainment systems supporting safety and comfort; and (4) advanced driving assistance systems (ADAS) essential for automated driving.
The Chinese government views the development of new energy vehicles as one of its national strategies and according to the Ministry of Industry and Information Technology, China is targeting sales of new energy vehicles to reach 2 million by 2020 and account for more than 20 percent of total vehicle production and sales by 2025.
Through the collaboration, Renesas and GWM will incorporate state-of-the-art technologies into new energy vehicles and self-driving cars, enabling GWM to boost its competitiveness and contribute to accelerating the growth of China’s new energy vehicle market.
“With a semiconductor supplier and car maker partnering directly, we are able to accelerate industrial innovation and provide an expanded range of functions that push performance to higher levels,” said Bunsei Kure, President and CEO, Renesas. “Our collaboration will contribute to the realization of more intelligent, safer and environmentally friendly automobiles that reduce fuel consumption and CO2 emissions.”
“Partnering with Renesas, the world’s leading automotive semiconductor supplier, enables us to accelerate the development of new energy vehicles including competitive EVs and PHVs, and self-driving cars,” said Wei Jianjun, Chairman of Great Wall Motors. “With Renesas’ relentless focus on high quality, safety and innovation, I am confident that our strategic collaboration will result in expanding China’s new energy market.”
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, home electronics, office automation, and information communication technology applications that help shape a limitless future. Learn more at renesas.com.
About Great Wall Motors
Great Wall Motor Company Limited is China’s largest SUV manufacturer and was listed on the Hong Kong Stock Exchange in 2003 and Shanghai Stock Exchange in 2011. By the end of 2016, its assets amounted to RMB92.309 billion. For now, Great Wall Motors owns three brands – Haval, Great Wall and WEY, and business covers three categories: SUV, passenger car, pickup and key automotive parts manufacture. With over 40 holding subsidiaries, more than 70,000 employees and Baoding(Xushui), Tianjin major vehicle manufacturing bases, it has developed a global design, development capabilities of vehicle and core parts.
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