Wolfspeed Silicon Carbide Devices Power Future Mercedes-Benz Electric Vehicle Platforms
04 Januar 2023 - 2:00PM
Business Wire
Silicon Carbide can deliver longer driving
range and shorter charging times for EVs, an important factor in
consumer adoption
Wolfspeed, Inc. (NYSE: WOLF) today announced the company will be
supplying Silicon Carbide devices to power future Mercedes-Benz®
Electric Vehicle (EV) platforms, enabling greater efficiency in the
powertrain. Wolfspeed’s semiconductors will be incorporated into
next generation powertrain systems for several Mercedes-Benz
vehicle lines.
“Coming from a long-term technical collaboration history between
our companies, we have now chosen Wolfspeed as one of our key
partners for future Silicon Carbide devices, thus securing
preferred long-term supply, technology and quality of this decisive
semiconductor component for our electrification offensive,” said
Dr. Gunnar Güthenke, Head of Procurement and Supplier Quality for
Mercedes-Benz.
As a leader in luxury vehicles, Mercedes-Benz understands the
need for superior performance. By leveraging Wolfspeed’s expertise
and Silicon Carbide devices to improve vehicle range and power,
Mercedes-Benz plans to have some of the most efficient EVs on the
road.
“We are pleased to be supporting Mercedes-Benz, an organization
with a long, successful history of providing world-class
performance and luxury vehicles, as they introduce next-generation
EVs to the market with highly efficient power systems,” said Gregg
Lowe, CEO of Wolfspeed. “We are continuing to invest in our
manufacturing capacity to support a steepening demand curve for
Silicon Carbide devices that will not only improve EV performance
and drive greater consumer adoption, but also support the
sustainability efforts of global automotive leaders like
Mercedes-Benz.”
The Silicon Carbide power devices for Mercedes-Benz will be
produced at Wolfspeed’s facilities in Durham, North Carolina and
its new 200mm Mohawk Valley Fab in Marcy, New York. This Mohawk
Valley Fab is the world’s largest Silicon Carbide fabrication
facility and is dramatically expanding Wolfspeed’s production
capacity. Earlier this year Wolfspeed also announced it was
beginning construction on a new Silicon Carbide materials facility
in North Carolina, which will expand its Silicon Carbide capacity
by more than 10x.
About Wolfspeed, Inc.:
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 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.
Twitter: @Wolfspeed
LinkedIn: @Wolfspeed
Forward Looking Statements:
This press release contains forward-looking statements involving
risks and uncertainties, both known and unknown, that may cause
actual results, performance or achievements to differ materially
from those indicated in the forward-looking statements. Actual
results could differ materially due to a number of factors,
including the risks associated with construction of a new device
fabrication facility, including issues related to installing and
qualifying new equipment, potential production process yield and
quality control deviations, and potential unanticipated increases
in costs or decreases in output; the risk Wolfspeed may encounter
delays or other difficulties in ramping up production of its
capacity to supply these products; the risk that Wolfspeed may be
unable to manufacture these products with sufficiently low cost to
offer them at competitive prices or with acceptable margins;
customer acceptance of these new products; 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 26, 2022,
and subsequent filings.
Wolfspeed® is a registered trademark of Wolfspeed, Inc.
Mercedes-Benz® is a registered trademark of Mercedes-Benz Group
AG.
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version on businesswire.com: https://www.businesswire.com/news/home/20230104005311/en/
Wolfspeed Investor Relations Contact: Tyler Gronbach Vice
President, Investor Relations 919-407-4820
investorrelations@wolfspeed.com
Wolfspeed Media Contact: Melinda Walker Director,
Corporate Communications 818-261-4585 Media@wolfspeed.com
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