ON Semiconductor and Li Auto Renew Long-term Supply Agreement

ON Semiconductor announced that it has renewed its long-term supply agreement with Li Auto, which has adopted ON Semiconductor's 8-megapixel image sensors in its extended-range electric vehicles. After the signing of this agreement, Li Auto will use ON Semiconductor's high-performance EliteSiC 1200V bare chips in its next-generation 800V high-voltage pure electric vehicles.