Jaguar Land Rover partners with Wolfspeed to supply silicon carbide semiconductor technology for next-generation electric vehicles

DURHAM, NC & GAYDON, England–(BUSINESS WIRE)–Jaguar Land Rover and Wolfspeed, Inc. today announced a strategic partnership to supply silicon carbide semiconductors for next-generation electric vehicles that offer improved powertrain efficiency and longer range.

under his Rethink Jaguar Land Rover’s strategy is transforming it into an Electric First company to become carbon neutral across its supply chain, products, services and operations by 2039.

Wolfspeed’s advanced silicon carbide technology is used specifically in the vehicles’ inverter, which controls the transfer of energy from the battery to the electric motors. The first Range Rover vehicles to feature this advanced technology will be available from 2024, and the new all-electric Jaguar brand the following year.

The partnership builds on Wolfspeed’s existing relationship with race-winning Jaguar TCS Racing Team, which competes in the ABB FIA Formula E World Championship, where its advanced silicon carbide technology has been used to accelerate on-track efficiency and performance.

The agreement is the latest in Jaguar Land Rover’s program to form strategic partnerships with industry leaders for its future modern luxury vehicles. In February 2022, Jaguar Land Rover announced a partnership with NVIDIA focused on software-defined, advanced automated driving systems for next-generation vehicles from 2025.

Jaguar Land Rover Chief Executive Officer Thierry Bolloré said: We are no strangers to having worked with Team Jaguar TCS Racing for the past five seasons. By developing this into a strategic partnership as part of our Reimagine strategy, we can integrate Wolfspeed’s advanced silicon carbide technology into our next-generation electric vehicles, offering our customers extended range and performance.”

Gregg Lowe, President and CEO of Wolfspeed said: “Wolfspeed is proud to partner with Jaguar Land Rover and support their bold commitment to electrifying their iconic brands by harnessing the superior performance, efficiency and range of Silicon Carbide. The energy efficiency of silicon carbide will play a key role as Jaguar Land Rover pursues its own zero-carbon goals and as the world moves towards an all-electric future.”

The partnership agreement provides for Jaguar Land Rover to participate in the Wolfspeed Assurance of Supply ProgramTMto ensure the supply of this technology for future electric vehicle production needs. This will allow greater visibility and control over Jaguar Land Rover’s future supply chain and is key to the company’s new value chain approach to operations and supply chain, led by Barbara Bergmeier, Executive Director of Industrial Operations.

Wolfspeed’s world-leading technology powers electric propulsion systems across the entire voltage spectrum – from 400V to 800V. The silicon carbide power device solutions are manufactured at Wolfspeed’s Mohawk Valley Fab in Marcy, New York, which was recognized in April 2022 as the world’s largest 200- mm silicon carbide manufacturing plant was opened. The fully automated facility expands capacity for Wolfspeed’s silicon carbide technologies, which will meet increasing demand in EV manufacturing and other advanced technology sectors around the world.

About Jaguar Land Rover: Reinventing the future of modern luxury through design

Jaguar Land Rover’s Rethink The strategy delivers a sustainable vision of modern luxury through design.

Our class-leading, modern luxury vehicles, Range Rover, Discovery, Defender and Jaguar, are in demand around the world, with a model range that includes all-electric and hybrid-electric technologies and the latest petrol and diesel engines.

We are transforming our business to become zero-carbon across our supply chain, products and operations by 2039 and have set out a roadmap to reduce emissions across our own operations and value chains by 2030 through approved, science-based targets. Electrification is at the heart of this strategy and all Jaguar and Land Rover nameplates will be available in pure electric form by the end of the decade.

Essentially we are a UK company with two major design and engineering sites, three vehicle manufacturing plants, an engine manufacturing center and a battery assembly center in the UK. We also have vehicle plants in China, Brazil, India, Austria and Slovakia and seven technology centers around the world.

As a wholly owned subsidiary of Tata Motors, Jaguar Land Rover has had unrivaled access to leading global players in technology and sustainability within the broader Tata Group since 2008.

Find out more about Jaguar Land Rover Rethink Strategy please visit: https://www.jaguarlandrover.com/reimagine

– Twitter: @jaguarlandrover

LinkedIn: @JaguarLandRover

About Wolfspeed

Wolfspeed (Wolfspeed (NYSE: WOLF)) is a market leader in the global adoption of silicon carbide and GaN technologies. We offer industry-leading solutions for efficient energy use and a sustainable future. Wolfspeed’s product families include silicon carbide materials, power devices and RF devices targeting various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibility through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.

– Twitter: @wolfspeed

– LinkedIn: @wolfspeed

Wolfspeed® is a registered trademark and the Wolfspeed Assurance of Supply ProgramTM is a trademark of Wolfspeed, Inc.

Forward-looking statements:

This press release contains forward-looking statements about Wolfspeed that involve both known and unknown risks and uncertainties that could cause actual results, performance or achievements to differ materially from those indicated in the forward-looking statements. Actual results could differ materially due to a number of factors, including risks associated with the construction and completion of Wolfspeed’s new Mohawk Valley equipment manufacturing facility, including issues associated with new equipment installation and qualification, potential production process yield and quality control deviations and potential unexpected increases in costs or decreases in production; the risk that Wolfspeed may encounter delays or other difficulties in ramping up production at its capacity to supply such products to Jaguar Land Rover; the risk that Wolfspeed will not be able to manufacture these products at sufficiently low costs to offer them at competitive prices or with acceptable margins; customer acceptance of these new products; the rapid development of new technologies and competing products that may impact demand or render Wolfspeed’s products obsolete; and other factors discussed in Wolfspeed’s filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 26, 2022 and subsequent filings.



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