New Investment Announces To Improve Range And Efficiency Of EVs

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  • Magna to invest approx. $40 million to procure new SiC equipment.
  • Magna to integrate onsemi EliteSiC into its traction inverter solutions

onsemi has signed an agreement with Magna to integrate onsemi’s EliteSiC intelligent power solutions into its eDrive systems.

Through onsemi’s EliteSiC technology, Magna will provide better cooling performance and faster acceleration and charging rates, improving efficiency and increasing the range of electric vehicles (EVs).

“With range anxiety still a top deterrent to EV adoption, our technology enables them to go further, easing the transition to an electrified future,” said Asif Jakwani, senior vice president and general manager, Advanced Power Division, onsemi. “Our latest EliteSiC MOSFET technology enables increased power density and higher efficiency in traction inverters, resulting in improved gas-equivalent miles per gallon without compromising driving dynamics and safety.”

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With this agreement, Magna has also shared its plan to invest approx. $40 million to procure new SiC equipment at onsemi’s New Hampshire and Czech Republic facilities to ensure access to future supply.

“We recognise the importance of securing a stable supply of SiC material to continue delivering innovative and efficient eDrive systems for our customers,” said Diba Ilunga, president Magna Powertrain.

“As the electric vehicle market continues to grow, we are taking proactive steps to secure access to future SiC supply to help support our electrification strategy and outpace the competition.”

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Nitisha Dubey
Nitisha Dubey
Nitisha Dubey is a journalist at EFY. She focuses on startups and innovations with a deep interest in new technologies and business models.

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