Navitas Semiconductor has achieved a significant milestone in the electric vehicle sector by securing automotive qualification for its high-power GaNSafe™ integrated circuits (ICs), which meet AEC-Q100 and AEC-Q101 standards. These advancements in gallium nitride (GaN) technology are poised to enhance power density and efficiency for onboard chargers and high-voltage to low-voltage converters within EVs. With innovations like the 650V Bi-Directional GaNFast ICs, Navitas aims to simplify power conversion systems, enabling more efficient and compact design solutions for EVs. This represents a notable progression in the development and implementation of cutting-edge technology in the electric vehicle industry.
Elsewhere in the market, VinFast Auto was a standout up 8.3% and closing at $3.25. Meanwhile, ZEEKR Intelligent Technology Holding trailed, down 8.8% to finish the session at $19.49.
Best EV Stocks
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Tesla finished trading at $254.11 up 0.7%.
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NIO ended the day at $3.62 up 0.3%.
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Ford Motor settled at $9.45 down 2.7%.
Key Takeaways
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Companies discussed in this article include NasdaqGS:VFS NasdaqGS:TSLA NYSE:NIO NYSE:F and NYSE:ZK.
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