ON Semiconductor Corporation

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Bullish +75

Onsemi and Geely expand EV collaboration

🚗 Onsemi and NIO are expanding their EV collaboration to advance next-generation electric vehicle platforms.

⚡ The partnership focuses on accelerating NIO's transition from 400V to 900V architectures using Onsemi's EliteSiC enhanced M3e technology.

🔋 EliteSiC technology improves switching performance and body diode characteristics, reducing energy losses and enhancing thermal management.

📈 These technical advances result in higher system output, improved drivetrain efficiency, and better overall vehicle performance.

🏗️ Onsemi's technology now supports NIO's flagship ES9 SUV and additional models launching at the 2026 Beijing Auto Show.

🤝 The collaboration builds on a history that began with Onsemi supporting NIO's initial 400V platform systems.

💡 Hassane El-Khoury, CEO of Onsemi, stated that system efficiency and scalability are critical in the new phase of electrification.

🚀 Management emphasized that deep engineering alignment helps accelerate the transition to high-voltage architectures and time-to-market.

🏎️ Alan Zeng, CEO of NIO's powertrain unit XPT, noted that their partnership has evolved from early 400V systems to current 900V platforms.

✨ The combined technical collaboration aims to deliver more efficient and high-performance vehicles to customers globally.

Bullish Signals
  • Onsemi and NIO have expanded their collaboration to accelerate the transition from 400V to next-generation 900V EV architectures.
  • Onsemi's latest EliteSiC enhanced M3e technology enables optimized switching performance and reduced energy losses, improving overall drivetrain efficiency.
  • The new technology underpins NIO's flagship ES9 SUV and will support additional models debuting at the upcoming 2026 Beijing Auto Show.
  • Both companies are demonstrating deep engineering alignment to enable higher performance, improved efficiency, and faster time-to-market for future EV platforms.
Risk Factors
  • The partnership relies on Onsemi's EliteSiC enhanced M3e technology, which may introduce supply chain dependencies or lock-in risks for NIO as it transitions to high-voltage architectures.
  • NIO's transition to 900V architectures is scheduled for models debuting at the 2026 Beijing Auto Show, exposing the company to long-term execution risk and potential delays over the next two years.
  • The collaboration focuses on a single technology provider (Onsemi) for high-voltage systems, potentially limiting NIO's bargaining power or flexibility against competing semiconductor suppliers in future rounds.
Full Analysis
Onsemi and NIO have expanded their collaboration to advance next-generation electric vehicle platforms, focusing on the transition from 400V to 900V architectures. This partnership is powered by Onsemi's latest EliteSiC enhanced M3e technology, which utilizes improved body diode characteristics to optimize switching performance and reduce energy losses (Eon). These technological improvements are designed to enhance system output, thermal performance, and overall drivetrain efficiency while maintaining robustness against short circuits. The collaboration builds upon a longstanding partnership that originally saw Onsemi's EliteSiC technology support NIO's 400V platforms, marking a significant evolution in their joint engineering efforts. The current agreement enables Onsemi's EliteSiC technology to underpin NIO's shift toward high-voltage systems, specifically for its latest flagship SUV, the ES9, and additional models scheduled to debut at the 2026 Beijing Auto Show. Hassane El-Khoury, president and CEO of Onsemi, stated that this expanded collaboration demonstrates how deep engineering alignment can accelerate the transition to high-voltage architectures, delivering higher performance and improved efficiency with a faster time-to-market. Alan Zeng, CEO of XPT, NIO's powertrain unit, noted that their technical roadmap has evolved alongside this partnership, allowing them to deliver more efficient, high-performance vehicles globally through the combined strength of Onsemi's technology and strong technical collaboration. Industry analysts view this move as a strategic step toward a new phase in electrification where system efficiency and scalability are paramount for manufacturers. By integrating advanced silicon carbide solutions, both companies aim to meet growing consumer demand for longer range and improved charging speeds inherent in high-voltage systems. This alliance highlights the increasing importance of semiconductor innovation in shaping the future of electric mobility, with Onsemi providing the critical hardware foundation necessary for NIO's ambitious product roadmap through 2026 and beyond.