Infineon Heads Three Electromobility Research Projects to Facilitate More Electric Vehicles on Europe's Roads
Press release on the European research projects "3Ccar", "OSEM-EV" and "Silver Stream"
Munich, Germany and Brussels, Belgium – June 9, 2015 – The European Commission is launching three new research projects aimed at making electromobility cheaper, more efficient and more reliable in order to facilitate more environmentally-friendly vehicles on Europe's roads. Europe will be the site for the continued development and production of electric vehicles under these projects, which will run until 2018 and are headed by Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY). An international event will be held on June 9th and 10th in Brussels to kick-off the three research initiatives, with total funding of about Euro 67 million. 70 partners with a total of 120 researchers from 15 countries, and representatives of ECSEL Joint Undertaking, the European Union, the European Commission and the German Federal Ministry of Education and Research will participate.
Lighter electric vehicles with extended range
As a result of the three research projects 3Ccar, OSEM-EV and SilverStream, electrical systems used in electric vehicles will benefit from being approximately one-fifth more compact and lighter, their range improved, and their cost lowered by about 25 percent. The three projects will collaborate to research and develop environmentally-friendly, safe and robust electric vehicles. The entire automotive value chain is contributing to this effort, from chip producers to car manufacturers.
In electric vehicles, on average about 50 percent more electronic components and semiconductors are installed compared to vehicles featuring combustion engines. They are, therefore, more complex. Furthermore, the operating time of the electronic components in electric vehicles is also higher. The 3Ccar project (Integrated Components for Complexity Control) aims to further strengthen the reliability of automotive systems, despite the increasing vehicle complexity. 48 partners from 14 countries are participating in the 3Ccar Project. The research budget is set at Euro 54 million.
Through the OSEM-EV (Optimised and Systematic Energy Management in Electric Vehicles), the range of electric vehicles will increase. The activities of the twelve partners are centered on the research of an intelligent thermal management, which includes the cooling system for the electric drive, the battery life and an efficient energy recuperation. The research budget is set at Euro 8 million.
Ten partners from five countries are working on the SilverStream project, the aim of which is the development of an inexpensive electric compact car. The research budget is set at Euro 4.5 million.
3Ccar, OSEM-EV and SilverStream are among the twelve most important research projects in Europe
Within the European initiative ECSEL (Electronic Components and Systems for European Leadership), the European Commission and the Member States have chosen twelve research projects to be promoted, with a total investment of about Euro 710 million. German companies and research institutes are involved in ten of these projects – including 3Ccar, OSEM-EV and SilverStream. With ECSEL, the European Union is pursuing the goal of significantly increasing the global market share of European microelectronics.
You can find more information about the research projects at www.osem-ev.eu, www.silverstream-ev.eu and www.3ccar.eu
Information on Infineon's contribution to electromobility are available at www.infineon.com/electromobility
Infineon Technologies AG is a world leader in semiconductors. Infineon offers products and system solutions addressing three central challenges to modern society: energy efficiency, mobility, and security. In the 2014 fiscal year (ending September 30), the company reported sales of Euro 4.3 billion with about 29,800 employees worldwide. In January 2015, Infineon acquired US-based International Rectifier Corporation, a leading provider of power management technology, with revenues of USD 1.1 billion (fiscal year 2014 ending June 29) and approximately 4,200 employees.
Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
As a strong partner for electromobility Infineon heads, for example, the European R&D projects “3Ccar”, “OSEM-EV” und “SilverStream”. Among other things, they will make electrical systems of electric vehicles approximately one-fifth lighter and by about a quarter cheaper.INFINEON eMobility
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