Mitsubishi Electric and Denso Corporation jointly invest in silicon carbide business company

Mitsubishi Electric and Denso Corporation announced that they will jointly invest US$1 billion (approximately RMB 7.2 billion) in a silicon carbide business company spun off from Coherent. The investment will be used to develop 8-inch (200mm) silicon carbide substrates to meet market needs such as electric vehicles (xEV).