According to the official news of Great Wall Motor, on December 29, Great Wall Motor Co., Ltd. signed a strategic investment agreement with Hebei Tongguang Semiconductor Co., Ltd., a third-generation semiconductor company, to officially enter the core industry of third-generation semiconductors.
Join forces for a win-win situation
The cooperation between Great Wall Motors and Tongguang Co., Ltd. is a strong and strong alliance, mutual benefit and win-win situation. As we all know, Great Wall Motors is the leader in the field of SUVs in the automotive market, and its Haval H6 has long been in the position of sales champion and has a strong strength. The market performance of Tongguang shares is also eye-catching enough, and there is also a good accumulation of technology in the core technology field of the third generation of semiconductors, which is the largest in Hebei Province and the first high-tech enterprise in China to achieve mass production of the third generation of semiconductor material silicon carbide single crystal substrate.
It is reported that in September this year, the laiyuan factory of the first expansion project of Tongguang co., Ltd. has been put into operation. In the future, Tongguang co., Ltd. also plans to build 2,000 silicon carbide crystal growth furnace growth bases and processing bases, and the annual production capacity of silicon carbide single crystal substrates will reach 600,000 pieces. It can be seen that the system strength of Tongguang shares in the field of science and technology is also strong enough.
This time, Great Wall Motors, as the leading investor, will promote the development of the latter's silicon carbide industry, focus on the application of the third generation of wide bandgap semiconductor silicon carbide in the new energy automobile industry, and promote the industrialization of silicon carbide semiconductor materials and chips.
Great Wall Motors will break through barriers
Not only that, Great Wall Motors' investment in Tongguang shares is also in line with Great Wall Motors' strategic development plan in the field of new energy, at the 8th Great Wall Motors Science and Technology Festival in 2021, Great Wall Motors officially released the 2025 strategy, by 2025, to achieve global annual sales of 4 million vehicles, of which 80% are new energy vehicles, in the next five years, the cumulative R & D investment reached 100 billion yuan. The key core technology areas of the third-generation semiconductors, such as large computing chips and silicon carbide, are one of the key development directions of Great Wall Motor's 2025 strategy.
Great Wall Motors proposed to combine core technologies such as silicon carbide, large computing chips, and information fusion to increase investment in the fields of intelligence and new energy. In terms of product application, the first high-end model, Mecha dragon, released by Sharon Automobile, an independent operating brand newly incubated by Great Wall Motors, has applied silicon carbide products, and subsequent series models will also apply silicon carbide products on a large scale. This means that in the future, The new models of Great Wall Motors will become more and more intelligent.
The buyer said:
Great Wall Motor's investment in Tongguang co., LTD. is of great significance to the development of itself and the automotive industry, which will strengthen the layout of Great Wall Motors in the upstream and downstream of the silicon carbide industry and the application of devices, and will also accelerate the technological innovation and localization in the automotive field.