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2024.12.06 - WELLYSUN SIGNS GLOBAL PARTNERSHIP TO STEP CHANGE FUTURE GROWTH
Wellysun (6988) has Agreed to Partner with Germany Automotive Design Leader IDEENION to Accelerate Growth and Access to Global Automotive OE Customers
Wellysun (6988) has recently announced a strategic partnership with German automotive design and engineering company IDEENION Automobil AG. The collaboration will strengthen the offering of both partners, and give greater access to global automotive OE customers, paving the way for stronger future growth. The partnership will focus on the development of next-generation hardware and software-integrated Electronic Control Units (ECUs), and the innovative application of these across all mobility areas.
IDEENION, headquartered in Germany, boasts over 30 years of expertise in cutting-edge vehicle design and implementation. As a global leader in Engineering Services Outsourcing (ESO), IDEENION has established long-term collaborations with renowned European and American automotive giants, including Audi, BMW, and Mercedes-Benz. Their extensive experience spans from early-stage prototype creation to complete vehicle development.
Through this collaboration, Wellysun (6988) will leverage the strengths of both parties to engage directly with leading global OE customers, to develop and provide better fit-for-purpose, high-quality ECU solutions. The partnership aims to maximize industry influence and expertise to connect with more potential clients and collaborators, thereby strengthening both companies’ expansion capabilities in European and Middle Eastern markets.
At the heart of this collaboration is the development and application of next-generation hardware and software-integrated ECUs. According to a report by Fortune Business Insights, the global automotive ECU market is projected to grow from USD 42.87 billion in 2021 to USD 84.95 billion by 2028, with a compound annual growth rate (CAGR) of 10.4%. This growth is primarily driven by the advancement of automotive intelligence and electrification, as well as increased consumer demand for safety and convenience. The ECUs co-developed by Wellysun and IDEENION will integrate their respective technological and design strengths, enhancing automotive intelligence and meeting the demand from global OE customers for high-performance, highly reliable products.
Wellysun (6988) has demonstrated outstanding capabilities in the international automotive market. The company has achieved Automotive SPICE Level 2 (ASPICE Level 2) certification through TÜV Rheinland, ensuring its automotive software development processes strictly adhere to international standards, guaranteeing high reliability and product quality. Additionally, Wellysun has solidified partnerships with prominent automakers like Denso and Yamaha and is actively expanding collaboration within Toyota’s supply chain. These achievements have not only consolidated Wellysun’s leadership in the Asian market but also laid a strong foundation for its expansion into Europe and global markets. The partnership with IDEENION further amplifies Wellysun’s ability to make a greater impact on the global stage.
In October, 2024, Wellysun (6988) successfully listed on Taiwan Innovation Board and established a highly automated production facility compliant with the IATF 16949 automotive quality management standard. The company is actively undergoing supply chain audits by additional internationally renowned automakers to further strengthen its competitive advantage in the global market.
Source: Fortune Business Insights, Automotive ECU Market Size, Share & COVID-19 Impact Analysis, By Vehicle Type, By Application, and Regional Forecast, 2021-2028
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