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On the road towards becoming a fully electric car maker by 2030, an important focus area for Volvo technology investments and R&D spending is e-motors, inverters and overall electric drivetrain optimisation.
Only by gaining control over electrification technology stack – a process called “vertical integration” – can can a company create pure electric Volvo cars that deliver on everything the customers want: longer range, faster charging and a great Volvo driving experience.
The latest investment by the Volvo Cars Tech Fund, the corporate venture capital arm, reflects those ambitions. Leadrive, a Shanghai-based company founded in 2017, is an exciting new player in power electronics and control units for fully electric cars.
Leadrive is specialising in designing and building power modules that use silicon carbide (SiC) technology. Silicon carbide is a semiconductor base material that promises to unlock highly efficient and flexible electric propulsion systems.
“Leadrive’s technology demonstrates a lot of potential for the development of more efficient electric drivetrains,” said Alexander Petrofski, CEO of the Volvo Cars Tech Fund. “That potential closely aligns with our own focus on electrification, so we’re excited to invest in the company and help it to continue growing its business.”
“Volvo Cars and Leadrive have been working very closely on the development of new generation SiC technologies, which has built a firm stairway towards the strategic collaboration,” said Jie Shen, founder and CEO of Leadrive. “This is a great milestone in Leadrive’s global strategy and demonstrates the huge potential of our cooperation in advanced electrification technology.”
Original – Volvo Car Corporation
