ON SEMICONDUCTOR CORPORATION

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NIO Selects High-Efficiency Silicon Carbide Traction Power Modules from onsemi; Latest silicon carbide (SiC)-based VE-Trac modules provide next-generation electric vehicles with longer range, higher efficiency and faster acceleration

05/12/2022 | 11:17am EDT

PHOENIX - 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.

At the heart of an EV, the main traction inverter converts battery energy into large amounts of torque and acceleration. The VE-Trac Direct SiC is an integrated single side direct cooling (SSDC) power module in a six-pack configuration with a low turn on resistance of 1.7 mohm. This platform implements the second generation SiC MOSFET technology from onsemi to achieve new levels of performance, efficiency, and quality while sharing a compatible package footprint with its IGBT predecessor. An integrated pin fin baseplate enables direct liquid cooling and easy assembly which allows maximum power output and more efficient thermal dissipation.

'From all the solutions we considered, the VE-Trac Direct SiC traction power modules offered the best efficiency during testing, allowing us to extend our New European Driving Cycle (NEDC) range by 4% compared to the current silicon solution,' said Alan S. Zeng, senior vice president at NIO. 'onsemi convinced us with the high performance and reliability of its products as well as the excellent support from its engineering and management team. We look forward to collaborating with onsemi on bringing more innovative EVs to market for generations to come.'

The VE-Trac offerings, including previously introduced VE-Trac Dual and VE-Trac Direct platforms, are available in silicon-based IGBT and in SiC with various voltages, and for traction inverter power ranging from 100 to 250 kW. With its standardized mechanical footprints and expanded power ratings, the VE-Trac product family is designed to effortlessly scale EV power outputs, accelerating the adoption of hybrid and battery EVs (BEV).

'This design collaboration is the culmination of substantial efforts onsemi has put into developing the right technologies for emerging applications such as smart EVs,' said Simon Keeton, executive vice president and general manager of Power Solutions Group at onsemi. 'onsemi is the only supplier of silicon carbide solutions with vertical integration capability including SiC boule growth, substrate, epitaxy, device fabrication, best-in-class integrated modules and discrete package solutions. We are rapidly expanding our SiC capacity and are uniquely positioned to address the growing EV market with supply assurance, performance, quality and tailored SiC end solutions.'

NIO is a pioneer in the premium smart EV market, thanks in part to its unique Battery-as-a-Service (BaaS), a breakthrough innovation in both technology and business model. The carmaker, who is leading the wave of smart EV and BEV adoptions in China, is gaining significant market share and aiming to change the way consumers use these vehicles and elevate their entire ownership experience.

onsemi will showcase its intelligent power and sensing solutions, including VE-Trac platforms, at PCIM Europe 2022 at Messe Nuremberg, Hall 9, Stand 330 from May 10th to 12th.

Additional Resources:

VE-Trac Direct SiC - Automotive Traction 900V, 1.7mOhm Single Side Direct Cooling 6-Pack Silicon Carbide Power Module

VE-Trac Direct / Direct SiC Assembly Guide

How SiC is Shifting the Future of EV

About onsemi

onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. With a highly differentiated and innovative product portfolio, onsemi creates intelligent power and sensing technologies that solve the world's most complex challenges and leads the way in creating a safer, cleaner, and smarter world.

onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the Company references its website in this news release, information on the website is not to be incorporated herein.

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
NIO INC. -2.37% 21.23 Delayed Quote.-31.44%
ON SEMICONDUCTOR CORPORATION -6.44% 47.13 Delayed Quote.-24.74%
All news about ON SEMICONDUCTOR CORPORATION
06/29BofA Securities Adjusts ON Semiconductor's Price Target to $65 From $80, Reiterates Buy..
MT
06/28World Finance Recognizes onsemi as Most Sustainable Semiconductor Company in 2022
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06/24ON SEMICONDUCTOR CORPORATION(NASDAQG : ON) dropped from Russell 2500 Index
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Financials (USD)
Sales 2022 7 993 M - -
Net income 2022 2 077 M - -
Net Debt 2022 316 M - -
P/E ratio 2022 10,9x
Yield 2022 -
Capitalization 21 860 M 21 860 M -
EV / Sales 2022 2,77x
EV / Sales 2023 2,49x
Nbr of Employees 31 650
Free-Float 71,4%
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Number of Analysts 29
Last Close Price 50,31 $
Average target price 71,74 $
Spread / Average Target 42,6%
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Hassane El-Khoury President, Chief Executive Officer & Director
Sam Thad Trent Chief Financial Officer, Treasurer & Executive VP
Alan Campbell Director
Johannes M. C. Stork Chief Technology Officer & Senior Vice President
Wei-Chung Wang Executive VP-Global Manufacturing & Operations
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