05:41 AM EDT, 06/04/2024 (MT Newswires) -- STMicroelectronics ( STM ) said Tuesday it signed a long-term silicon carbide, or SiC, supply agreement with automobile manufacturer Geely Auto Group to boost their existing partnership on SiC devices.

Financial terms of the agreement were not disclosed.

Under the multi-year contract, STMicroelectronics ( STM ) will provide multiple Geely Auto brands with SiC power devices for mid-to-high-end battery electric vehicles.

Additionally, the companies have formed a joint lab to exchange information and explore additional product offerings.

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