Shanghai, China – September 13, 2022 – Onsemi (Nasdaq: ON), a leader in smart power and intellisense technology, at NIO’s Partner Conference on July 30, 2022 Received the “Overwatch Award”. As a trusted key technology supplier in the NIO system, ON Semiconductor ensures supply support to NIO through various channels, including a dedicated team responsible for smooth production and delivery processes.

Simon Keeton, executive vice president and general manager of ON Semiconductor’s Power Solutions Division, said: “Receiving this award underscores ON Semiconductor’s wide-ranging capabilities – from industry-leading smart power technology, high-quality products and commitment to ensuring supply to customer service – And NIO’s emphasis on these capabilities. These factors combine to continuously strengthen the commitment and trust of both parties.”

ON Semiconductor’s advanced silicon carbide (SiC) modules enable NIO’s smart electric vehicles to be more energy efficient, have longer cruising range and accelerate faster. ON Semiconductor’s image sensors help enable more advanced vehicle safety and enable autonomous driving systems. The collaboration between NIO and ON Semiconductor brings to market innovative smart electric vehicles equipped with advanced semiconductor materials.

NIO is one of the pioneers in the high-end smart electric vehicle market. Leading the wave of adoption of smart electric vehicles, the automaker is gaining significant market share, aiming to change the way consumers use these vehicles and enhance their entire ownership experience. Li Bin, founder, chairman and CEO of Weilai, said that it is expected that by 2025, Weilai will provide services in more than 25 countries and regions.