Siemens Acquires Stake in WiTricity to Drive EV Wireless Charging Innovation

Siemens is investing $25 million and acquiring a minority stake in U.S.-based WiTricity, a wireless charging technology company. The two companies will work together to drive innovation in the emerging market for wireless electric vehicle (EV) charging for electric passenger and light-duty commercial vehicles. Siemens will also become a technology license partner. “Combining Siemens’ global […]

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