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Melexis NV (0FA0.IL)

IOB - IOB Delayed price. Currency in EUR
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82.90-1.10 (-1.31%)
As of 01:36PM BST. Market open.
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  • Benzinga

    Chinese EV Maker NIO Partners With Melexis For Advanced Sensor Technology

    China EV maker NIO Inc (NYSE:NIO) has chosen Melexis' cutting-edge current sensor chips for their traction inverter systems. These advanced chips, tailored for the challenging environment of electric motor control, will be integrated into all of NIO's battery electric vehicles (BEVs). Melexis, based in Belgium, is a supplier of semiconductor solutions primarily focused on designing and delivering sensors for automotive and industrial applications. This collaboration enables NIO to leverage Melex

  • Reuters

    Melexis to produce all of NIO's current chips for traction inverters

    Melexis' shares were 2.7% higher at 85.1 euros by 1408 GMT following the announcement. The Belgian semiconductor supplier said its chips, needed to convert a battery's direct current into the alternating current used by an electric motor, will power all of NIO's battery electric vehicles. "Our current sensor (integrated circuit) ICs, coupled with the expertise of our dedicated local engineers, will provide NIO with the support they need to achieve success in the electric vehicle market," said Dieter Verstreken, Vice-President of Melexis's China Strategy, in a statement.