Japan’s Renesas and India’s Tata Elxsi join forces in electric vehicle design center By Reuters
© Reuters. FILE PHOTO: A Renesas Electronics Corp chip is pictured at the company’s office in Tokyo, March 21, 2013. REUTERS/Yuya Shino
TOKYO (Reuters) – Japanese chipmaker Renesas Electronics Corp said on Thursday it would set up a design center with India’s Tata Elxsi Ltd to jointly develop electric vehicle (EV) technology as market appetite EVs continues to grow.
The Bangalore center will be a new hub for the two companies to develop crucial EV systems, such as battery management systems and motor control units.
In a statement announcing the move, Renesas Electronics said it will strive to provide practical solutions sought by the electric vehicle market and hopes to eventually spread the benefits of the development partnership around the world.
Merged media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on the information, including data, quotes, charts and buy/sell signals contained in this website . Please be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment possible.