STMicroelectronics and Great Wall Motor Establish Joint Laboratory to Drive the Development of New-Generation Automobiles
STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications and a leading supplier of automotive electronics, together with Great Wall Motor Company Limited (GWM), China’s leading SUV and pickup manufacturer and privately owned enterprise, today announced a strategic partnership and the establishment of a joint development laboratory at GWM’s Technical Center. The joint lab will focus on advanced research and development of cutting-edge solutions in powertrain, chassis, safety, car body, car infotainment, as well as new-energy technologies and other automotive applications.
“The automotive electronics market is seeing rapid growth. Confronted with unprecedented competitive pressure, local automotive companies must implement strategic transformation and develop their own core technologies to compete with joint-venture brands. With consumers paying more attention to safety and comfort in the car, those are among the areas in which we can add great value,” said Mr. Huang Yong, Senior Vice President and Chief Director of Technical Center, Great Wall Motor. "The establishment of a joint laboratory with ST will play a very important role in helping GWM to enhance our core competences in automotive electronics and it will build a solid foundation for deep cooperation of both parties in the future."
|Mr. Yong Huang, Senior Vice President & Director of Technology Management Division, Great Wall Motor Company and Mr. Francois Guibert, Executive Vice President & President of Greater China and South Asia Region, STMicroelectronics, Unveiled the Nameplate for the Joint Laboratory Together.|
“We are honored to cooperate with Great Wall, one of the most innovative and fastest growing car makers in China. The market and the consumers are increasingly asking for better fuel efficiency, safety, comfort and infotainment, and we are bringing all the right ingredients to this co-operation: leading-edge technologies and products, expertise, and total commitment to Automotive, “ said Marco Monti, Executive Vice President, General Manager of Automotive Product Group, STMicroelectronics. “The cooperation of Great Wall and ST is well positioned to address and anticipate the requirements and new directions in automotive electronics applications.”
About Great Wall Motor Company
Great Wall Motor Company Limited (GWM), as China’s leading SUV and pickup manufacturer and privately owned enterprise, was listed both on H share market in Hong Kong and A share market in Chinese Mainland. It has over 50 holding subsidiaries with more than 56,000 employees. Currently, the products range covers three main categories of Haval SUV, Great Wall PC and Wingle Pickup. Based on the Baoding and Tianjin production bases GWM has already reached the production capability of 800,000 vehicles and components as well as the independent matching capacity of core components such as engine and transmission etc.
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power and automotive products and embedded processing solutions. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people's life. By getting more from technology to get more from life, ST stands for life.augmented.
In 2012, the Company’s net revenues were $8.49 billion. Further information on ST can be found at www.st.com.