On June 24, HuaHong Group and IGBT company StarPower held the "HuaHong Group`s Automotive Grade IGBT and 12-inch IGBT Mass Production Ceremony" and signed a strategic cooperation agreement. The two parties jointly announced that the high-power automotive-grade IGBT (Insulated Gate Bipolar Transistor) chip jointly built has passed the product verification of terminal car companies and has entered the automotive application market such as power units.