General Motors (GM) Announces Supply Agreement with Wolfspeed (WOLF)

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General Motors and Wolfspeed Forge Strategic Supplier Agreement to Leverage Silicon Carbide for GM’s Future Electric Vehicle Programs

October 4, 2021 8:00 AM EDT

Agreement marks GMs initial shift to using silicon carbide for EV power electronics Provides secure, long-term, domestically sourced supply Silicon carbide enables longer range for electric vehicles

DETROIT & DURHAM, N.C.--(BUSINESS WIRE)-- Today, General Motors (NYSE: GM) and Wolfspeed, Inc. (NYSE: WOLF) announced a strategic supplier agreement to develop and provide silicon carbide power device solutions for GMs future electric vehicle programs. Wolfspeeds silicon carbide... More