Hyundai and Kia have entered a supply agreement with semiconductor manufacturer Infineon Technologies to secure power semiconductors for EVs.

Hyundai and Kia will buy automotive power semiconductors such as diodes, insulated-gate bipolar transistors (IGBTs) and silicon carbide (SiC) power modules for their electric, hybrid and plug-in hybrid models. Infineon will supply the companies with power semiconductors until 2030. 

Hyundai and Kia increased their 2030 EV sales targets to 2 million and 1.6 million vehicles, respectively, earlier this year.

“The future car will be clean, safe and smart, and semiconductors are at the heart of this transformation,” said Peter Schiefer, Division President Automotive of Infineon. “We contribute products of high quality, system knowledge and application understanding combined with continued investments in manufacturing capacity to address the increasing demand for automotive power electronics.”

Source: Hyundai