November 6, 2015

TOKYO, Japan, November 6, 2015 — Renesas Electronics Corporation (TSE: 6723, Renesas), a premier supplier of advanced semiconductor solutions, and National Electric Vehicle Sweden (Nevs) today announced the signing of a strategic partnership agreement. Utilizing Nevs' Phoenix architecture technology for electric vehicles and Renesas' technologies for new energy vehicles, the companies will join forces on the development of various system solutions targeting China's new energy vehicle market.

In accordance with this newly established partnership, Renesas and Nevs will officially launch the research and development (R&D) of electric vehicles and at the same time will embark on a joint project to develop business strategies for new energy vehicle market in China.

The signing ceremony was held on October 21, 2015 in Beijing, with Nevs, Chairman, Kai Johan Jiang, Vice Chairman, Stefan Tilk, Board Member, Wang Weihang, as well as Shinichi Yoshioka, Vice President, Deputy General Manager of 1st Solution Business Unit at Renesas Electronics Corporation in attendance.

The focus of this partnership is to build advanced automotive electronics technologies. The companies will engage in the development of high-end 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, and will also extend to the development of such new automotive applications 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.

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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, infrastructure, and IoT applications that help shape a limitless future. Learn more at Follow us on LinkedIn, Facebook, Twitter, and YouTube.

About NEVS

NEVS, a state holding enterprise registered in Sweden and jointly financed by Tianjin Binhai Hi-tech industrial Development Area (THT) and State Research Information Technology Co., Ltd. (controlled by Development Research Center of the State Council) and Bohua Investment Co., Ltd., is devoted to the development of vehicle research and the new energy vehicle technology. In June 2015, NEVS joined hands with State Research Information Technology Co., Ltd. and other companies and established National Electric Vehicle Co., Ltd. in Tianjin for the research, development and manufacturing of electric vehicles and distance-increasing electric vehicles. In June 2012, NEVS acquired core assets, technologies and intellectual properties of SAAB Automobile AB and possessed complete and independent vehicle design and manufacturing capacity. The heritage in Trollhättan goes back to the establishment of SAAB in 1937. The company have historically made distinct features in the whole global vehicle industry and started the research and development of electric vehicles in the 1960s. Nevs has now formed a clear technology roadmap of pure electric and distance-increasing vehicles.

The content in the press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.

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