ON Semiconductor and Zeekr announced a long-term supply agreement, or LTSA, between the two companies. onsemi will provide its EliteSiC silicon carbide, or SiC, power devices to increase the powertrain efficiency of ZEEKR’s smart electric vehicles, or EVs, resulting in improved performance, faster charging speeds and extended driving range.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on ON:
- Citigroup Analyst: NVDA, AMD, MCHP are Giving Sector a Boost
- ON Semiconductor price target raised to $100 from $90 at BofA
- onsemi (NASDAQ:ON) Fortifies Auto Segment with BMW Deal
- Tesla announcement not near-term risk for ON Semiconductor, says Citi
- Long-term implications of Tesla news remain unclear for ON Semi, says Stifel