United Nova Technology becomes supplier of NIO’s first self-developed 1,200V SiC modules

Shanghai (Gasgoo)- On January 30, 2024, United Nova Technology Co., Ltd. ("UNT"), a player in the production and supply of automotive chips, modules, and solutions, signed an agreement for production and supply silicon carbide (SiC) modules with China's prominent new energy vehicle brand, NIO.

This collaboration positions UNT as the exclusive supplier for NIO's first self-developed 1,200V SiC modules. By contributing to NIO's full-stack in-house R&D capabilities, UNT will empower NIO's leading position in the development and operation of the 900V high-voltage electric platform.

Expanding beyond the SiC module collaboration, both parties will be engaged in comprehensive exchanges and cooperation in areas such as sensing, driving, connectivity, and control.

UNT is a high-tech company specializing in the R&D, production, and sales of MEMS, IGBT, MOSFET, analog IC, and MCU. The company provides complete system contract manufacturing solutions for players in the automotive, new energy, industrial control, and household appliance domains.

Simultaneous with the partnership announcement with NIO, UNT also released its performance forecast for the fiscal year 2023.

The forecast indicates that in 2023, UNT expects to achieve an operating income of 5.325 billion yuan, an increase of 719 million yuan compared to the previous year, representing a growth rate of 15.6% year-on-year. The annual operating income from main businesses is projected to be 4.904 billion yuan, showing a year-on-year increase of 945 million yuan, reflecting a growth rate of 23.88% year-over-year.

The company stated that in 2023, with the continuous prosperity of the global new energy vehicle market and the increasing demand for domestic substitution, the company adopts a dual guarantee mechanism of "technology + market" in the high-end automotive product sector. This strategy is expected to drive substantial growth in overall revenue and a significant increase in operating net cash flow.