IAT-Yazaki JV Sets to Focus on HV Electrical Systems

Source: Author: Date:2024-08-13 Read:575

On August 8th, IAT Automobile Technology Co., Ltd. (hereinafter referred to as IAT) officially entered into an agreement with Yazaki (China) Investment Co., Ltd., the Chinese headquarters of Yazaki Corporation (hereinafter referred to as Yazaki). 

The two Parties will jointly make an investment to establish a joint venture company, devoting to the core technology research and development as well as the market promotion of high-voltage electrical systems for new energy vehicles, which indicates a significant step forward for the in-depth collaboration between the two enterprises in the NEV field.

Together, We Shape the Future.

Founded in 1941, Yazaki Corporation is a world-leading automotive parts manufacturer and has been consecutively listed in Fortune Global 500. As the world's largest multinational company for automotive wiring harness production, Yazaki's wiring harness products account for 30% of the global market share and leave its footprint in almost all major car makers. 

Additionally, Yazaki also possesses strong R&D capabilities and technical reserves in fields such as intelligent cockpits, battery-related components, and information-communication-related components. Its 141 branches in 46 countries and regions worldwide and 250,000 employees provide a solid support for Yazaki's expansion in the global market.

As the first listed company of independent automotive R&D service in the A-share board, IAT enjoys industry-leading and independent vehicle research and development as well as system solution capabilities. The technological accumulation and customer resources garnered over the years have firmly established its foundation in the NEV sector. 

Yazaki highly regards IAT's profound strength and technological innovation ability in vehicle research and development, while IAT attaches great significance to Yazaki's preeminent position in the global automotive parts market and its robust technology and market resources. The collaboration between the two aims to achieve complementary advantages through a powerful alliance and jointly tackle the core technical difficulties of the NEV high-voltage electrical system.

The core product of this collaboration will concentrate on the HV electrical system of new energy vehicles. This system, known as the "heart" of new energy vehicles, encompasses domains such as the power battery system, drive system, charging and power distribution system. The two sides plan to establish a forward-looking R&D team and leverage their respective technical proficiencies to jointly create a highly versatile and cost-efficient high-voltage electrical system solution and products, adaptable to all series of models. 

The preliminary product R&D plan has been determined. It is anticipated to accomplish the breakthrough of core technologies and the development of serial product prototypes in two years and gradually realize mass production.

Regarding market expansion, the JV company will make full use of the existing domestic and international resources of both sides to promptly set up an independent sales system and gradually secure a leading position in the global new energy vehicle market. 

Particularly in the Chinese market, given the rapid increase in the demand for smart electric vehicles, high-voltage systems as the key components of the entire vehicle, will turn into a focus in the market. The joint venture company will introduce competitive products in response to this market demand to fulfill the diversified requirements.

In China, for World.

Currently, the global intelligent EV market is in a phase of rapid expansion. Consumers' focus on performance indicators like range and charging efficiency is growing dramatically. The high-voltage electrical system, as one of the crucial technologies for enhancing the performance of NEV models, will meet persistent increase of market demand. 

The collaboration between IAT and Yazaki precisely targets this market tendency, and through technological innovation and product optimization, the JV will satisfy the demand of domestic and overseas markets for high performance and high reliability of the high-voltage electrical system.

Now, IAT has amassed rich experience of overseas development jobs and an abundance of market research data. Meanwhile, Yazaki's robust market resources are globally orchestrated. The two sides will capitalize on IAT's international business landscape and Yazaki's global market resources to jointly explore the international market and advance the application of high-voltage electrical system solutions worldwide. 

Meanwhile, the two sides will also attain in-depth synergy in domains such as technology research and development, supply chain management, and market development. Resonating with IAT's "technology + supply chain" going-global strategy, the JV can shape a distinctive "R&D + manufacturing + trading" business model, and achieve mutual empowerment and win-win development.

The collaboration between IAT and Yazaki will not only bring about new opportunities for technological innovation and market expansion in the field of NEV HV electrical systems, but also infuse fresh impetus into the respective global strategies. With the continuous intensification of the cooperation, the two enterprises are expected to forge more considerable accomplishments in various NEV subjects and take sustained efforts in science for better cars.

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