DURHAM, NC–(WORK CABLE)–
Wolfspeed, Inc. (NYSE: WOLF) introduced in the present day that the corporate will provide Silicon Carbide gadgets to energy future Mercedes-Benz® Electrical Automobile (EV) platforms, driving higher effectivity within the drivetrain. Wolfspeed’s semiconductors shall be included into next-generation powertrains for varied Mercedes-Benz car traces.

“Primarily based on an extended historical past of technical cooperation between our corporations, we’ve chosen Wolfspeed as one in every of our key companions for future Silicon Carbide gadgets, thereby securing the popular long-term provide, know-how and high quality of this decisive semiconductor element for our electrification assault,” he stated. Head of Provide and Provider High quality, Mercedes-Benz Dr. Gunnar Guthenke.

As a pacesetter in luxurious autos, Mercedes-Benz understands the need of superior efficiency. Mercedes-Benz plans to have a number of the best EVs on the street, leveraging Wolfspeed’s experience and Silicon Carbide gadgets to extend car vary and energy.

“We’re delighted to help Mercedes-Benz, a company with an extended and profitable historical past of delivering world-class efficiency and luxurious autos, because it brings to market the subsequent era of EVs with extremely environment friendly energy techniques,” stated Gregg Lowe. CEO of Wolfspeed. “We proceed to spend money on our manufacturing capability to help the rising demand curve for Silicon Carbide gadgets, which is not going to solely enhance electrical car efficiency and drive higher shopper adoption, but in addition help the sustainability efforts of world automotive leaders like Mercedes-Benz.”

Silicon Carbide energy instruments for Mercedes-Benz shall be manufactured at Wolfspeed’s services in Durham, North Carolina, and on the new 200mm Mohawk Valley Fab in Marcy, New York. This Mohawk Valley Fab is the world’s largest Silicon Carbide manufacturing facility, considerably rising Wolfspeed’s manufacturing capability. Earlier this yr, Wolfspeed additionally introduced that it has begun building of a brand new Silicon Carbide materials plant in North Carolina, which can enhance Silicon Carbide capability by greater than 10 instances.

Wolfspeed, Inc. About:

Wolfspeed (NYSE: WOLF) is the market chief within the worldwide adoption of Silicon Carbide and GaN applied sciences. We provide industry-leading options for environment friendly power consumption and a sustainable future. Wolfspeed’s product households embody Silicon Carbide supplies, energy gadgets and RF gadgets focused for purposes as various as electrical autos, quick charging, 5G, renewable power and storage, aerospace and protection. We unleash the facility of prospects with a ardour for arduous work, collaboration and innovation. Study extra at www.wolfspeed.com.

Twitter: @wolf speed

Linkedin: @wolf speed

Ahead-looking statements:

This press launch accommodates forward-looking statements involving recognized and unknown dangers and uncertainties that might trigger precise outcomes, efficiency or achievements to vary materially from these acknowledged in forward-looking statements. Precise outcomes can differ considerably on account of plenty of components, together with issues with putting in and qualifying new tools, potential manufacturing course of effectivity and high quality management deviations, and the dangers related to constructing a brand new machine manufacturing facility, together with potential sudden will increase in prices. or reductions in output; the chance that Wolfspeed will encounter delays or different difficulties in rising the manufacturing capability to provide these merchandise; The danger that Wolfspeed will be unable to fabricate these merchandise at low sufficient value to supply them at aggressive costs or acceptable margins; buyer acceptance of those new merchandise; speedy growth of recent know-how and competing merchandise that might cut back demand or make Wolfspeed’s merchandise out of date; and different components mentioned in Wolfspeed’s filings with the Securities and Trade Fee, together with its report on Type 10-Ok for the yr ended June 26, 2022, and subsequent filings.

wolf velocity^® It’s a registered trademark of Wolfspeed, Inc. Mercedes-Benz® is a registered trademark of Mercedes-Benz Group AG.

Supply: Wolfspeed, Inc.