TOKYO -- Renesas Electronics Corp. says it has formed a joint venture with China's National Electric Vehicle Sweden, which owns the assets of bankrupt Swedish automaker Saab, to develop electronic control systems for electric vehicles.
The partners will create an r&d venture to develop control systems for motors, infotainment, collision avoidance and vehicle connectivity. The companies offered no further details about the venture.
Renesas, the world's largest supplier of automotive computer chips, is headquartered in Tokyo. State-owned NEVS, based in Trollhattan, Sweden, acquired the assets of Saab Automobile AB in 2012.
In July, NEVS broke ground on a 1.2 billion yuan ($200 million) assembly plant in the northeast China city of Tianjin to produce electric vehicles. The plant will produce up to 200,000 vehicles annually.
To gain backing for its new plant, NEVS has formed joint ventures with State Research Information Technology and Beijing Teamsun Technology Co.