Hyundai Motor and Kia strengthen Power Semiconductor Supply through Strategic Partnership with Infineon

Hyundai Motor Company and Kia Corporation today signed a strategic partnership with Infineon Technologies AG, a global semiconductor leader, to secure power semiconductors in support of the growing electric vehicle demand worldwide. Under the agreement, Hyundai and Kia will purchase core power semiconductors of automotives, including diode, insulated-gate bipolar transistor (IGBT) and silicon carbide (SiC) power modules. The agreement builds on the two parties’ long-running cooperation on sensor components since the early 2000s. Infineon started supplying power semiconductors to the companies in the mid-2000s, and both parties operated a joint research center between 2007 and 2020 to optimize the electricity performance of vehicles.  Through the partnership, Hyundai Motor and Kia plan to work closely with Infineon to improve the performance of their electrified vehicles, including all-electric, hybrid and plug-in hybrid lineups. In addition, Hyundai Motor and Kia will receive supplies of power semiconductors needed for their electrified models from Infineon through 2030.  “Infineon stands as a valued strategic partner, boasting steadfast production capabilities and distinct technological prowess within the power semiconductor market,” said Heung-soo Kim, Executive Vice President and Head of Global Strategy Office at Hyundai Motor Group. “This partnership not only empowers Hyundai Motor and Kia to stabilize its semiconductor