General Motors and Wolfspeed Forge Strategic Supplier Agreement to Leverage Silicon Carbide for GM’s Future Electric Vehicle Programs
October 04 2021 - 8:00AM
Business Wire
- Agreement marks GM’s initial shift to using silicon carbide
for EV power electronics
- Provides secure, long-term, domestically sourced
supply
- Silicon carbide enables longer range for electric
vehicles
Today, General Motors (NYSE: GM) and Wolfspeed, Inc. (NYSE:
WOLF) announced a strategic supplier agreement to develop and
provide silicon carbide power device solutions for GM’s future
electric vehicle programs. Wolfspeed’s silicon carbide devices will
enable GM to install more efficient EV propulsion systems that will
extend the range of its rapidly expanding EV portfolio.
The silicon carbide will specifically be used in the integrated
power electronics contained within GM’s Ultium Drive units in its
next-generation EVs.
As a part of the agreement, GM will participate in the Wolfspeed
Assurance of Supply Program™ (WS AoSP), which is intended to secure
domestic, sustainable and scalable materials for EV production.
“Our agreement with Wolfspeed represents another step forward in
our transition to an all-electric future,” said Shilpan Amin, GM
vice president, Global Purchasing and Supply Chain. “Customers of
EVs are looking for greater range, and we see silicon carbide as an
essential material in the design of our power electronics to meet
customer demand. Working with Wolfspeed will help ensure we can
deliver on our vision of an all-electric future.”
“Our agreement with GM further demonstrates the automotive
industry’s commitment to delivering innovative EV solutions to the
market and using the latest advances in power management to improve
overall vehicle performance,” said Gregg Lowe, CEO of Wolfspeed.
“This agreement ensures long-term supply of silicon carbide to GM
to help them deliver on their promise of an all-electric
future.”
The silicon carbide power device solutions will be produced at
Wolfspeed’s 200mm-capable Mohawk Valley Fab in Marcy, New York,
which is the world’s largest silicon carbide fabrication facility.
Launching in early 2022, this state-of-the-art facility will
dramatically expand capacity for the company’s silicon carbide
technologies, which are in increasing demand for EV production and
other advanced technology sectors around the world.
The widespread adoption of silicon carbide as an industry
standard semiconductor for transportation supports the automotive
industry’s rapid transition to clean energy vehicles. Silicon
carbide enables greater system efficiencies that result in longer
EV range while lowering weight and conserving space. Wolfspeed’s
technology is fueling electric propulsion systems across the entire
voltage spectrum – from 400V to 800V – and beyond.
Wolfspeed (NYSE: WOLF) leads the market in the worldwide
adoption of Silicon Carbide and GaN technologies. We provide
industry-leading solutions for efficient energy consumption and a
sustainable future. Wolfspeed’s product families include Silicon
Carbide materials, power-switching devices and RF devices targeted
for various applications such as electric vehicles, fast charging,
5G, renewable energy and storage, and aerospace and defense. We
unleash the power of possibilities through hard work, collaboration
and a passion for innovation. Learn more at www.wolfspeed.com.
General Motors (NYSE: GM) is a global company focused on
advancing an all-electric future that is inclusive and accessible
to all. At the heart of this strategy is the Ultium battery
platform, which will power everything from mass-market to
high-performance vehicles. General Motors, its subsidiaries and its
joint venture entities sell vehicles under the Chevrolet, Buick,
GMC, Cadillac, Baojun and Wuling brands. More information on the
company and its subsidiaries, including OnStar, a global leader in
vehicle safety and security services, can be found at
https://www.gm.com.
Cautionary Note on Forward Looking Statements:
This press release contains forward-looking statements by
Wolfspeed involving risks and uncertainties, both known and
unknown, that may cause Wolfspeed’s actual results to differ
materially from those indicated. Actual results may differ
materially due to a number of factors, including the rapid
development of new technology and competing products that may
impair demand or render Wolfspeed’s products obsolete; and other
factors discussed in Wolfspeed’s filings with the Securities and
Exchange Commission, including its report on Form 10-K for the year
ended June 27, 2021, and subsequent filings. For additional product
and company information, please refer to www.wolfspeed.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211004005495/en/
WOLFSPEED CONTACTS: Media
Relations: Joanne Latham VP, Corporate Marketing 919-407-5750
joanne.latham@wolfspeed.com
Investor Relations: Tyler Gronbach VP, Investor Relations
919-407-4820 investorrelations@wolfspeed.com
GM CONTACTS: David Barnas GM
Communications david.barnas@gm.com 248-918-8946
Phil Lienert GM Communications philip.lienert@chevrolet.com
313-530-1508
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