OREANDA-NEWS. Renesas Electronics Corporation (TSE: 6723, Renesas), a premier supplier of advanced semiconductor solutions, and National Electric Vehicle Sweden (Nevs) today announced the signing of a strategic partnership agreement. Utilizing Nevs' Phoenix architecture technology for electric vehicles and Renesas' technologies for new energy vehicles, the companies will join forces on the development of various system solutions targeting China's new energy vehicle market.

In accordance with this newly established partnership, Renesas and Nevs will officially launch the research and development (R&D) of electric vehicles and at the same time will embark on a joint project to develop business strategies for new energy vehicle market in China.

The signing ceremony was held on October 21, 2015 in Beijing, with Nevs, Chairman, Kai Johan Jiang, Vice Chairman, Stefan Tilk, Board Member, Wang Weihang, as well as Shinichi Yoshioka, Vice President, Deputy General Manager of 1st Solution Business Unit at Renesas Electronics Corporation in attendance.

The focus of this partnership is to build advanced automotive electronics technologies. The companies will engage in the development of high-end automotive control systems for new energy vehicles. This includes R&D of motor drive systems, automotive information systems, ADAS (Advanced Driving Assistance System), and safety control systems, and will also extend to the development of such new automotive applications as cloud-connected systems.

By collaborating from the two ends of the automotive industry chain, Renesas and Nevs aim to lead the development of safe, secure, comfortable and eco-friendly intelligent automobiles for the new energy vehicle industry.