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Renault SA (OTC: RNLSY) and STMicroelectronics NV (NYSE: STM) bonded over the design, development, manufacturing, and supply of STMicroelectronics’ products and related packaging solutions to Renault Group for the power electronics systems of battery-operated and hybrid vehicles. The companies will collaborate on developing efficient, rightsized, and modular components based on the understanding of Renault Group’s technology needs for Silicon Carbide (SiC) devices, Gallium Nitride (GaN) transistors, along with related packages and modules.
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