VINFAST AND INFINEON EXTEND THEIR PARTNERSHIP IN THE FIELD OF ELECTROMOBILITY


Ha Noi, Vietnam and SINGAPORE and MUNICH, October 13, 2022 /PRNewswire/ — VinFast, from vietnam the world’s leading manufacturer of smart electric cars and Infineon Technologies AG, the world leader in automotive semiconductor solutions, announced the extension of their partnership at Infineon’s OktoberTech™ Asia Pacific Technology Forum 2022 at Singapore. The two companies will set up a joint application competence center focused on electromobility to accelerate the development of VinFast solutions for the future of smart mobility. The inauguration of the center is scheduled for the first quarter of 2023.

The establishment of the VinFast-Infineon Competence Center (VICC) marks a new level in the relationship between the two companies, who will jointly engage in the early development phase of VinFast’s next-generation smart mobility solutions and also discuss future requirements. in semiconductors to achieve supply chain stability. VICC will initially focus on the development of a new electric driveline (EDT) for the electrified VinFast platforms. This is part of VinFast’s strategy to connect intelligence globally and secure its competitive advantages in the global electric vehicle market.

“VinFast’s goal is to create smart mobility solutions for a sustainable future”, said Mmm. Le Thi Thu ThuyVice President of Vingroup and Global CEO of VinFast. “We are delighted to extend our partnership with Infineon, the leader in semiconductors for electromobility. Infineon’s advanced products and solutions will help improve VinFast’s production efficiency and help us achieve our goals faster.

Based on its understanding of the system as well as its broad product and technology portfolio, Infineon will provide technical assistance and guidance on semiconductor selection, including conventional technologies and those based on semiconductor materials. WBG (Wide Bandgap), including silicon carbide (SiC). The competence center will house a laboratory with test and measurement equipment to provide rapid product validation.

“The growth of electromobility is undisputed.” said Pierre SchaeferExecutive Vice President and CMO of the Automotive Division at Infineon. Market research predicts that one in two new cars will be fully or partially electrified within five years.Infineon is committed to driving this progress with partners like VinFast who demonstrate high speed of execution and strong determination. We will assist VinFast’s electrification journey and support the advancement of their electric platform designs.”

VinFast and Infineon worked closely together for more than three years prior to this new extended agreement. Many Infineon solutions have been used in VinFast’s vehicles, such as the inverter for the electric motor and the high-voltage (OBC) and DC-DC on-board charger for the ePowertrain, as well as in the E/E architectures (electrical and electronic).

Infineon is at the heart of the automotive industry‘s transformation towards sustainable mobility.

ABOUT VINFAST

VinFast – a member of Vingroup – envisioned leading the movement of the smart electric vehicle global revolution. Founded in 2017, VinFast has a state-of-the-art automotive manufacturing complex with world-leading scalability that delivers up to 90% automation in Hai Phong, Vietnam. Strongly committed to the mission of a sustainable future for all, VinFast is constantly innovating to deliver high-quality products, advanced smart services, seamless customer experiences and pricing strategy for all to inspire global customers to co-create a future of smart and sustainable mobility. planet. Learn more at: https://vinfastauto.com.

ABOUT VINGROUP

Created in 1993, Vingroup is one of the main private conglomerates in the region, with a total capitalization of 35 billion US dollars of three listed companies (at November 4, 2021). Vingroup currently focuses on three main areas: technology and industry, services and social enterprise. Learn more at: https://www.vingroup.net/en.

About Infineon

Infineon Technologies AG is a global leader in semiconductor solutions that make life easier, safer and greener. Infineon’s microelectronics are the key to a better future. With approximately 50,280 employees worldwide, Infineon generated revenue of approximately €11.1 billion in fiscal year 2021 (ending September 30) and is one of the ten largest semiconductor companies in the world.

Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and UNITED STATES on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY). Further information is available at www.infineon.com

This press release is available online at www.infineon.com/press Follow us: Twitter – Facebook – LinkedIn

About OktoberTech

OktoberTech™ is Infineon’s global event format, aimed at demonstrating how future technology can drive decarbonization and digitalization. Hosted in areas with vibrant innovation ecosystems, OktoberTech™ brings together startups, business leaders and experts.

SOURCE VinFast Automotive

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