Automotive manufacturer Volkswagen Group has selected Cree as the exclusive provider of silicon carbide (SiC) semiconductors for its Future Automotive Supply Tracks (FAST) program. Founded in 2015, FAST aims to optimize the collaboration between Volkswagen and its suppliers.
According to Cree, the use of SiC semiconductors makes EVs more efficient, allowing for reduced costs, quicker charging times, and longer driving range.
“Cree’s technology is at the heart of the dramatic change underway in EVs, and we are committed to supporting the automotive industry as it transitions to more efficient, higher performing silicon carbide-based solutions,” said Cree CEO Gregg Lowe.
“Our FAST partners are our strategic partners, each of them outstanding in their respective field. We want to shape the automotive future together,” said Volkswagen’s Michael Baecker.