Vietnam’s first global EV maker, VinFast, and Renesas Electronics Corporation, a premier supplier of advanced semiconductors, announced that the two companies are further extending their collaboration agreement to include automatic technology development of EVs and to deliver system components. The deal was signed at VinFast’s factory in Haiphong City, Vietnam. VinFast’s CEO, Le Thi Thu Thuy, and Renesas’s CEO, Hidetoshi Shibata, attended the ceremony.
This is not the first collaboration between these two companies, as they had previously worked together on automotive infotainment systems, Renesas’s SoCs, R-car, and analog products, which have already been implemented in VinFast’s new VF8 and VF9 EV models.
As per the extended agreement, Renesas will provide a broader range of products to VinFast. It will include SoCs, microcontrollers, and analog and power semiconductors. These products will provide technical support and assist VinFast in developing future automotive applications and mobility services.
Le Thi Thu Thuy, CEO of VinFast, said, “VinFast is on a course of market expansion worldwide and mass production to ensure the highest vehicle performance and timely delivery to its customers.” He added, “This new partnership with Renesas will give VinFast access to both advanced in-vehicle semiconductor technology and high-level system enterprise with the aim to accelerate the development of safe and sophisticated EVs for global markets.”
Hidetoshi Shibata, President, and CEO of Renesas, said, “The collaboration with VinFast reinforces our commitment. We are thrilled to join VinFast’s journey for their global growth beyond Vietnam. By making EVs more widely available, I am convinced we can lead a greener, safer, and more sustainable way of living.” VinFast will develop new EVs and market expansion to increase its annual production and sales by gaining access to Renesas’s leading-edge technologies and automotive industry expertise.
