Mahindra Group and Renesas Electronics Announce Technology Partnership in Electric Formula Racing

Renesas Electronics today announced a strategic partnership between Renesas Electronics and Mahindra & Mahindra, a leading supplier of advanced automotive semiconductor solutions, to become the official technology partner of Mahindra Motorsports Formula One Racing Team.

The 'race to road' Mahindra EV development via the EV racing platform will be conducted on a range of projects including 'proof of concept' systems for racing and road electric vehicles Through this strategic vision, both parties will leverage their complementary strengths to expand the development and manufacturing of electric vehicles, powertrains, advanced driver assistance systems (ADAS) and other systems in India and other emerging markets.

Dr. Pawan Goenka, Managing Director of Mahindra & Mahindra Limited and Chairman of Mahindra Racing UK said: "We are delighted to welcome Renesas Electronics as the key technology partner of Mahindra Motorsports Formula One Racing Team to launch our fourth season. To help drive the development and advancement of Mahindra EV technology, our strategic partnership with Renesas Electronics will help accelerate our learning process and we look forward to working with Renesas Electronics to leverage their automotive semiconductor expertise to help us realize the benefits of electric Formula One race speed breakthrough, and continue to play a pioneering role in the rapidly growing Indian electric car market.

Renesas Electronics Co., Ltd. Executive Vice President Takashi Omura said: 'India is one of our key markets, Renesas will bring significant business growth, especially in the electric vehicle business. The Indian government is developing plans to be By selling electric vehicles in India only in 2030, this presents tremendous market opportunities for electric vehicles and through our partnership with Mahindra this new strategy we expect to bring design expertise based on our open and comprehensive Renesas autonomy ™ platform To the Indian market and we are proud to be a strategic technology partner for Mahindra Group looking forward to enhancing the performance and performance of our Mahindra electric vehicles with our state-of-the-art semiconductor technology. "

Renesas Electronics, one of the world's leading suppliers of automotive semiconductors, sees electric vehicles as one of its core automotive businesses and has developed a number of comprehensive EV solutions around the Renesas autonomy platform introduced in the first half of this year. The Renesas autonomy platform is an open , An innovative and trusted platform designed to accelerate the adoption and growth of autonomous driving cars and electric vehicles in the consumer market that includes the core technologies critical to the development of electric vehicles including motor and inverter control System and battery management.

About Mahindra Racing Mahindra Racing is one of the 10 founding teams in the FIA ​​Formula One World's First All-Electric Event and the only Indian team to launch the M3Electro for the third season Proved to be very competitive and for the first time won numerous awards for the team, including 10 podiums, 3 pole positions and 2 fastest lap awards. These excellent results Having the Mahindra Team win third place in the championship team and new race car driver Felix Rosenqvist won third place in the Drivers' Championship, the fourth season with a strong start in Hong Kong in December 2017 Technical and athletic ambitions, the newly developed M4Electro will challenge the limits of technology and innovation.Learn more about Mahindra's team at mahindraracing.com.

About FIA Formula E Championship The FIA ​​Formula E Championship is an EV race and the first all-electric international single-seat motor sport in the world. The exciting event is racing against the background of the skyline of iconic cities such as New York, Hong Kong, Paris, Rome, etc. The first-episode of the Formula One program took place on the surrounding roads of the Olympic Park in Beijing in September 2014. The FIA ​​Formula Electric Championships In the fourth season, 10 teams and 20 race drivers will be competing in the race to win the Formula E Championship across 11 cities and 5 continents. The season will start in Hong Kong on December 2 and 3 and will be scheduled for July 2018 Ended in Montreal, Canada, on May 28 and 29. The electric equation is a competitive platform for testing and developing road-related technologies that catalyze the development of sustainable motor vehicle solutions that help to improve the design and functionality of EV components and Helping to improve the everyday driving experience of car users around the world.For the season, more car manufacturers participated in the electric steam Technical revolution, defending champion Lucas di Grassi will be driving the car racing Audi ABT Schaeffler team.More large manufacturers have also promised to participate in electric formula events, including BMW and Nissan cooperation will bring new car and battery to participate in the fifth season, the other Mercedes Mercedes-Benz and Porsche also plan to take part in next year's event. For more information on the electric equation, visit the official website at www.fiaformulae.com.

About Renesas Electronics Corp. Renesas Electronics Corp. (TSE: 6723), which provides trusted, innovative, innovative embedded designs and complete semiconductor solutions, is designed to be safely and reliably improved with billions of networked smart devices using its products People's Workplace and Lifestyle As the world's leading supplier of microcontrollers, a leader in analog power devices and SoC products, Renesas Electronics Corporation for Automotive, Industrial, Home (HE), Office Automation (OA), Information and Communication Technologies ICT) and other applications to provide professional technical support, quality assurance and integrated solutions, and look forward to working with you to create a boundless future. For more information, please visit https://www.renesas.com.

About Mahindra Mahindra Group is a $ 19 billion group company that helps people get the living out of innovative mobile travel solutions, drive the prosperity of outer suburbs, improve the quality of urban life, incubate and nurture new industries, and promote community prosperity. India is also the world's largest tractor company with a leading position in multi-purpose vehicles, IT information technology, financial services and holiday industries.Industry is the largest tractor company in the world that integrates agriculture, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, In India, Mahindra employs over 200,000 people in more than 100 countries. For more information on Mahindra, visit the official website www.mahindra.com

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