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VinFast and Renesas Sign Strategic Partnership to Advance Automobile Technology
VinFast and Renesas Sign Strategic Partnership to Advance Automobile Technology
September 26, 2022
VinFast and Renesas Sign Strategic Partnership
Hanoi, Vietnam and Tokyo, Japan – VinFast, Vietnam’s first global EV maker, and Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced that the two companies are expanding their collaboration agreement to include automotive technology development of electric vehicles (EVs) and delivery of system components. The signing ceremony of the strategic collaboration was held at VinFast’s factory in Haiphong City, Vietnam earlier this month, which was attended by VinFast’s CEO, Le Thi Thu Thuy and Renesas’ CEO, Hidetoshi Shibata.
As part of the newly expanded agreement, Renesas will provide a broader range of products to VinFast, which will include SoCs, microcontrollers, analog and power semiconductors. Renesas will also provide technical support to assist VinFast in developing future automotive applications and mobility services.
By gaining access to Renesas’ leading-edge technologies and expertise in the automotive industry, VinFast will accelerate the development of new EVs and market expansion with the aim to aggressively increase its annual production and sales.
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