STMicroelectronics and Great Wall Motor Establish Joint Laboratory to Drive the Development of New-Generation Automobiles
(Thomson Reuters ONE) -
Beijing, China, July 2, 2013 - STMicroelectronics (NYSE: STM), a global
semiconductor leader serving customers across the spectrum of electronics
applications and a leading supplier of automotive electronics, together with
Great Wall Motor Company Limited (GWM), China's leading SUV and pickup
manufacturer and privately owned enterprise, today announced a strategic
partnership and the establishment of a joint development laboratory at GWM's
Technical Center. The joint lab will focus on advanced research and development
of cutting-edge solutions in powertrain, chassis, safety, car body, car
infotainment, as well as new-energy technologies and other automotive
applications.
ST will contribute its newest automotive-electronics technologies and solutions
including GDI (Gasoline Direct Injection) and BCM (Body Control Modules),
automotive-class devices such as the PowerPC(TM) series 32-bit microcontrollers,
highly integrated solutions for EMS (Engine Management System) and Safety
(Passive and Active), complete platforms for Infotainment (Audio, Video,
Connectivity and Navigation) , reference designs, development tools, technical
support and trainings for many different automotive applications.
"The automotive electronics market is seeing rapid growth. Confronted with
unprecedented competitive pressure, local automotive companies must implement
strategic transformation and develop their own core technologies to compete with
joint-venture brands. With consumers paying more attention to safety and comfort
in the car, those are among the areas in which we can add great value," said Mr.
Huang Yong, Senior Vice President and Chief Director of Technical Center, Great
Wall Motor. "The establishment of a joint laboratory with ST will play a very
important role in helping GWM to enhance our core competences in automotive
electronics and it will build a solid foundation for deep cooperation of both
parties in the future."
"We are honored to cooperate with Great Wall, one of the most innovative and
fastest growing car makers in China. The market and the consumers are
increasingly asking for better fuel efficiency, safety, comfort and
infotainment, and we are bringing all the right ingredients to this co-
operation: leading-edge technologies and products, expertise, and total
commitment to Automotive," said Marco Monti, Executive Vice President, General
Manager of Automotive Product Group, STMicroelectronics. "The cooperation of
Great Wall and ST is well positioned to address and anticipate the requirements
and new directions in automotive electronics applications."
About Great Wall Motor Company
Great Wall Motor Company Limited (GWM), as China's leading SUV and pickup
manufacturer and privately owned enterprise, was listed both on H share market
in Hong Kong and A share market in Chinese Mainland. It has over 50 holding
subsidiaries with more than 56,000 employees. Currently, the products range
covers three main categories of Haval SUV, Great Wall PC and Wingle Pickup.
Based on the Baoding and Tianjin production bases GWM has already reached the
production capability of 800,000 vehicles and components as well as the
independent matching capacity of core components such as engine and transmission
etc.
About STMicroelectronics
ST is a global leader in the semiconductor market serving customers across the
spectrum of sense and power and automotive products and embedded processing
solutions. From energy management and savings to trust and data security, from
healthcare and wellness to smart consumer devices, in the home, car and office,
at work and at play, ST is found everywhere microelectronics make a positive and
innovative contribution to people's life. By getting more from technology to get
more from life, ST stands for life.augmented.
In 2012, the Company's net revenues were $8.49 billion. Further information on
ST can be found at www.st.com.
For further information please contact:
Grace Deng
Sr. Corporate External Communications Executive
STMicroelectronics
+86 10 5797 9928
grace.deng(at)st.com
ST and GWM Joint Automotive Lab:
http://hugin.info/152740/R/1713451/568793.pdf
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Source: STMicroelectronics via Thomson Reuters ONE
[HUG#1713451]
Unternehmensinformation / Kurzprofil:
Datum: 02.07.2013 - 09:00 Uhr
Sprache: Deutsch
News-ID 274928
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contact information:
Town:
Geneva
Kategorie:
Business News
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