Visteon : and Shinry Form Joint Venture to Advance Power Electronics Technology
March 06, 2024 at 10:07 am EST
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VAN BUREN TOWNSHIP, Mich. - March 6, 2024 - Visteon (NASDAQ: VC), a global technology leader at the forefront of driving digitalization and electrification trends in the mobility industry, today announced the creation of a Michigan-based joint venture with Shinry Technology Companies Ltd., a China-based Tier 1 supplier specializing in charging and distribution solutions for new energy vehicles.
The joint venture, known as Visteon-Shinry Power Electronics (VSPE), enables the two companies to strategically grow their power electronics capabilities by combining Visteon's strength in software, hardware and system integration with Shinry's nearly two decades of research, development and production in broad-spectrum power electronics. The joint venture will be co-led by Zilai Zhao, Visteon Senior Director and Power Electronics Leader, and Jiangang (David) Gu, Shinry Deputy General Manager.
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Visteon Corporation is a global automotive technology company serving the mobility industry. The Company's platforms leverage hardware and software solutions that enable the digital, electric, and autonomous evolution of the Company's global automotive customers, including BMW, Ford, Geely, General Motors, Honda, Jaguar/Land Rover, Mahindra, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Renault, Stellantis, Tata, Toyota, and Volkswagen. The Company operates through the Electronics segment, which provides vehicle cockpit electronics products to customers, including digital instrument clusters, domain controllers with integrated advanced driver assistance systems (ADAS) displays, Android-based infotainment systems, and battery management systems. The Company designs and manufactures automotive electronics and connected car solutions, such as instrument clusters, information displays, infotainment, battery management systems, high-voltage power electronics, telematics solutions and others.
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