By Pierre Bertrand

Infineon Technologies and Vitesco Technologies have signed an agreement to deepen their partnership and to generate more than 1 billion euros ($1.06 billion) in planned sales volume.

The multi-year agreement, taking effect in 2027, is to further improve the efficiency and system costs for future electrified vehicles, Infineon said in a statement.

As part of the partnership, Vitesco will use microcontroller technology from Infineon in its new electrification system solutions as well as in its next-generation master and zone controllers, the company said.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

October 17, 2023 04:36 ET (08:36 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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