NIO Selects High-Efficiency Silicon Carbide Traction Power Modules from onsemi
ON Semiconductor Corporation (ON)
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Source: Business Wire
Latest silicon carbide (SiC)-based VE-Trac modules provide next-generation electric vehicles with longer range, higher efficiency and faster acceleration PHOENIX--(BUSINESS WIRE)--onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, today announced that global automotive innovator NIO Inc. chose the latest VE-Trac™ Direct SiC power modules from onsemi for its next-generation electric vehicles (EVs). The silicon carbide (SiC)-based power modules enable longer range, higher efficiency and faster acceleration for EVs. The collaboration of the two companies is expediting the commercialization of SiC technologies to bring EVs equipped with advanced semiconductor material to the market.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220511005050/en/VE-Trac Direct SiC Traction Power Module (Photo: Business Wire)At the heart of an EV, the main traction inverter converts battery energy into large amounts of
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News
- Onsemi (NASDAQ: ON) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $91.00 to $81.00. They now have a "buy" rating on the stock.MarketBeat
- Onsemi (NASDAQ: ON) is now covered by analysts at Evercore ISI. They set an "outperform" rating and a $104.00 price target on the stock.MarketBeat
- onsemi to Announce First Quarter Financial ResultsBusiness Wire
- Onsemi (NASDAQ: ON) had its "positive" rating re-affirmed by analysts at Susquehanna. They now have a $90.00 price target on the stock.MarketBeat
- ON Semiconductor Corp. (ON) Rises Yet Lags Behind Market: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
ON
Earnings
- 2/5/24 - Beat
ON
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- ON's page on the SEC website