Onsemi and NIO are strengthening their strategic collaboration to facilitate the development of next-generation 900V electric vehicle platforms, incorporating onsemi's EliteSiC technology. This partnership aims to enhance vehicle efficiency, performance, and scalability, resulting in faster charging, longer range, and consistent acceleration for various NIO models, including those at the 2026 Beijing Auto Show. This expansion marks an evolution from their previous 400V systems, highlighting the trend towards closer cooperation between automakers and semiconductor companies to meet the increasing power demands in the electric vehicle industry.

• NIO (NYSE:NIO) last closed at $6.21 down 1.1%.

Elsewhere in the market, FIT Hon Teng (SEHK:6088) was a standout up 14.3% and finishing the session at HK$8.40, hovering around its 52-week high. At the same time, Schaeffler (XTRA:SHA0) trailed, down 7.7% to finish the session at €7.82.

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• Tesla (NasdaqGS:TSLA) ended the day at $376.30 up 0.7%.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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