A Renesas Electronics Corp’s chip is pictured on the firm’s workplace in Tokyo, March 21, 2013. REUTERS/Yuya Shino
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TOKYO, March 3 (Reuters) – Japanese chipmaker Renesas Electronics Corp (6723.T) introduced on Thursday it’ll arrange a design centre with India’s Tata Elxsi Ltd (TTEX.NS) to collectively develop electrical car (EV) expertise as urge for food for the EV market continues to develop.
The centre in Bangalore shall be a brand new hub for the 2 corporations to develop essential EV techniques, reminiscent of battery administration techniques and motor management models.
In an announcement asserting the transfer, Renesas Electronics stated that it’s going to attempt to offer sensible options sought by the EV market, and hopes to finally unfold the rewards of the event partnership throughout the globe.
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Reporting by Sakura Murakami; Modifying by Christopher Cushing
: The Thomson Reuters Trust Principles.
