Siemens invests in WiTricity to advance wireless charging for electric vehicles
The companies will work together to drive adoption of open, interoperable standards in wireless charging for global electric vehicle (EV) infrastructure Siemens makes strategic investment in WiTricity and licenses their technology for future wireless EV charging products WATERTOWN, Mass., June 9, 2022 /PRNewswire/ -- Siemens invests $25 million and acquires a minority stake in U.S.-based WiTricity, a wireless charging technology company. Siemens and WiTricity will work together to drive innovation in the emerging market for wireless EV charging. This market is expected to reach $2 billion by 2...