November 28, 2022

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VinFast and Renesas Sign Strategic Partnership to Advance Auto Technological innovation

3 min read

HANOI, Vietnam & TOKYO–(Company WIRE)–VinFast, Vietnam’s 1st world EV maker, and Renesas Electronics Company (TSE: 6723), a leading provider of advanced semiconductor remedies, now declared that the two corporations are expanding their collaboration arrangement to contain automotive know-how growth of electrical motor vehicles (EVs) and shipping and delivery of system factors. The signing ceremony of the strategic collaboration was held at VinFast’s factory in Haiphong City, Vietnam previously this thirty day period, which was attended by VinFast’s CEO, Le Thi Thu Thuy and Renesas’ CEO, Hidetoshi Shibata.

As component of the newly expanded arrangement, Renesas will supply a broader selection of solutions to VinFast, which will include things like SoCs, microcontrollers, analog and energy semiconductors. Renesas will also give technological help to support VinFast in establishing potential automotive apps and mobility services.

By gaining entry to Renesas’ top-edge systems and experience in the automotive marketplace, VinFast will accelerate the advancement of new EVs and market enlargement with the purpose to aggressively enhance its yearly generation and income.

The two corporations will consistently share product growth roadmaps, marketplace developments and prerequisites, undertaking implementation development as perfectly as new cooperation options.

“VinFast is on a class of industry expansion worldwide and mass production to ensure the maximum vehicle overall performance and well timed shipping and delivery to customers” stated Le Thi Thu Thuy, Vice Chairwoman of Vingroup and World CEO of VinFast. “This new partnership with Renesas will give VinFast access to the two sophisticated in-auto semiconductor technology as properly as high-stage program abilities, with the intention to speed up the enhancement of safe and sound and subtle EVs for world wide marketplaces.”

“We are committed to supporting the area industry in Vietnam by means of talent enhancement and small business expansion. Due to the fact founding our structure centre in Ho Chi Minh City in 2004, we have ongoing to extend our existence in Vietnam. We also recognized a second style and design center in Da Nang this April,” mentioned Hidetoshi Shibata, President and CEO of Renesas. “The collaboration with VinFast reinforces our commitment. We are thrilled to be a part of VinFast’s journey for their worldwide expansion past Vietnam. By building EVs a lot more extensively available, I am persuaded we can guide a greener, safer, and additional sustainable way of living.”

VinFast and Renesas have beforehand collaborated on automotive infotainment systems, and Renesas’ SoCs (Process-on-Chips), R-Car or truck, and analog items have now been applied in VinFast’s new VF8 and VF9 EV designs.

About VinFast

VinFast – a member of Vingroup – envisioned to generate the motion of international sensible electric vehicle revolution. Set up in 2017, VinFast owns a condition-of-the-artwork automotive manufacturing intricate with globally leading scalability that boasts up to 90% automation in Hai Phong, Vietnam. Strongly dedicated to the mission for a sustainable upcoming for all people, VinFast regularly innovates to carry high-high quality solutions, highly developed smart companies, seamless purchaser encounters, and pricing tactic for all to encourage world-wide consumers to jointly generate a foreseeable future of smart mobility and a sustainable earth. Learn extra at: https://vinfastauto.us.

About Vingroup

Set up in 1993, Vingroup is 1 of the foremost non-public conglomerates in the location, with a overall capitalization of $35 billion USD from three publicly traded businesses (as of November 4, 2021). Vingroup at this time focuses on a few principal places: Technology and Business, Companies and Social Enterprise. Come across out extra at: https://www.vingroup.web/en.

About Renesas Electronics Company

Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and extra sustainable foreseeable future wherever technological innovation will help make our lives simpler. A top global service provider of microcontrollers, Renesas brings together our experience in embedded processing, analog, ability and connectivity to produce comprehensive semiconductor options. These Successful Combinations accelerate time to current market for automotive, industrial, infrastructure and IoT programs, enabling billions of related, clever devices that increase the way people function and reside. Discover additional at renesas.com. Follow us on LinkedIn, Fb, Twitter, YouTube and Instagram.

All names of goods or expert services outlined in this press launch are emblems or registered emblems of their respective entrepreneurs.

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