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04 Sep
16:55

Volvo Cars invests in Chinese electronics start-up Leadrive

Swedish carmaker Volvo Cars said Monday it has invested in Shanghai-based power electronics start-up Leadrive, as part of its vertical integration strategy, Kallanish reports. The undisclosed investment done via Volvo Cars Tech Fund seeks to gain access to Leadrive’s power modules for fully electric vehicles that are based on silicon carbide (SiC) technology. The semiconductor base material promises to unlock highly efficient and flexible electric propulsio…
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