STMicroelectronics and Renault Group Partner on Next-Generation Power Electronics for EVs and HEVs

STMicroelectronics will supply electric and hybrid vehicle advanced power semiconductors to be produced from 2026. Quote: "Renault Group selects STMicroelectronics as key innovation partner, securing the supply of electric and hybrid vehicle advanced power semiconductors to be produced from 2026." STMicroelectronics will benefit from significant volumes guaranteed for the annual usage of these power modules and transistors from 2026-2030. Quote: "As Renault’s key innovation partner, STMicroelectronics will benefit from significant volumes guaranteed for the annual usage of these power modules and transistors from 2026-2030." Renault aims to reduce wasted energy by 45% and decrease the cost of the e-powertrain by 30%. Quote: "This partnership secures future supplies of key components which will significantly contribute to reducing wasted energy by 45% and decreasing the cost of the e-powertrain by 30%, helping us fulfil our ambition of making electric vehicles affordable, profitable and popular,"