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Infineon teams up with India’s CDIL to build chips for light EVs, energy storage solutions
Infineon Technologies has partnered with CDIL Semiconductors to tap into emerging business cases including light EVs and battery storage solutions in India.
India, the world’s most populous country with over 1.4 billion people, aims to expand its EV penetration from the existing 7-8% to 30% and boost non-fossil energy generation from 100GW to 500GW by 2030. However, achieving these ambitious targets requires a robust domestic ecosystem for EVs and battery storage solutions that are cost-competitive with traditional alternatives to drive consumer adoption. “We believe that India is still in the more early stage of an exponential curve, but we do believe that this market will accelerate significantly in the next few years because a lot of trends start to overlap… you have the electrification and batterification of everything,” said Richard Kuncic, Infineon’s senior vice president and general manager for power systems, in an interview with TechCrunch.
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