Hyundai Motor Company and Kia Corporation have signed a strategic partnership with Infineon Technologies to secure power semiconductors for their electric vehicles worldwide.
Under the agreement, the two vehicle manufacturers will purchase core power semiconductors of automotives, including diode, insulated-gate bipolar transistor (IGBT) and silicon carbide (SiC) power modules.
Infineon started supplying power semiconductors to the companies in the mid-2000s, and both parties operated a joint research centre between 2007 and 2020 to optimise the electricity performance of vehicles.
Through the partnership, Hyundai and Kia plan to work closely with Infineon to improve the performance of their electrified vehicles, including all-electric, hybrid and plug-in hybrid lineups.
In addition, Hyundai and Kia will receive supplies of power semiconductors from Infineon for their electrified models, through to 2030.
Heung-soo Kim, Executive Vice President and Head of Global Strategy Office at Hyundai Motor Group said, “Infineon stands as a valued strategic partner, boasting steadfast production capabilities and distinct technological prowess within the power semiconductor market.
“This partnership not only empowers Hyundai Motor and Kia to stabilise its semiconductor supply but also positions us to solidify our leadership in the global EV market, underpinned by our competitive product lineups.”
Peter Schiefer, Division President Automotive of Infineon said, “The future car will be clean, safe and smart and semiconductors are at the heart of this transformation. As a trusted partner, we are proud to advance our long-term partnership with Hyundai and Kia.
“We contribute premium products of high quality, our system knowledge and application understanding combined with continued investments in manufacturing capacity to address the increasing demand for automotive power electronics.”