By Kate Yuan

(JW Insights) Sep 8 -- Volvo Cars Tech Fund, Volvo Cars’ strategic investment entity, has invested in China’s power electronics provider Leadrive (臻驱科技) to enhance its capabilities and development efficiency in power electronics and inverters, Volvo announced on September 4.

This investment marks the first in power electronics, particularly in SiC power module, by Volvo Cars Tech Fund. It aims to strengthen Volvo Cars’ leading position in motor control unit products and technology while supporting its global electrification strategy and vertical integration of technology.

Founded in 2017, Shanghai-based Leadrive focuses on power semiconductor modules and new energy vehicle drive solutions. The company possesses advanced capabilities in independent design and integration of semiconductor power modules and electronic control systems.

Shen Jie, founder of Leadrive, has nearly 10 years of experience working at GE’s research centers in Germany and China . He has served as the technical leader for several major projects, bringing extensive expertise in the industrialization of power electronics.