ON Semiconductor Provides Technical Support for Xiaomi's YU7 Electric SUV

Summary

Onsemi announced that Xiaomi’s electric SUV model YU7 will be equipped with advanced 800V drive platforms supported by Onsemi’s Elitesic M3E technology.Zhitong

Impact Analysis

Level: Industry Level. The collaboration between Onsemi and Xiaomi represents a significant technological advancement in the electric vehicle sector. First-order effects include potential enhancement in the performance and efficiency of Xiaomi’s electric SUV, making it more competitive in the market. Second-order effects could involve increased interest in SiC technology across the automotive industry, influencing other manufacturers to adapt similar technologies. Investment Opportunities: This partnership could lead to potential growth in Onsemi’s stock as its technology gains traction in automotive applications. Xiaomi may also see an increase in market share and brand value due to improved vehicle offerings.Zhitong