Infineon wins new design win, signs supply agreement with Xiaomi Auto

In the earnings call, Infineon announced that it had won new design orders from a US electric vehicle company and a German Tier 1, with a total order value of more than 1 billion euros. In addition, Infineon has signed a SiC module supply agreement with Xiaomi Auto to supply it with silicon carbide HybridPACK™ Drive G2 CoolSiC™ power modules and chip products until 2027.