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Siemens AG Wittelsbacherplatz 2 80333 München, Germany http://www.siemens.com
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Siemens AG

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

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Siemens invests USD 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 USD 2 billion by 2028 in Europe and North America alone, according to Siemens’ calculations. The two companies seek to bridge the gaps in the global standardization of wireless charging for electric passenger and light duty commercial vehicles, to enable interoperability between vehicles and infrastructure, as well as support market penetration. In addition, both parties will collaborate to advance mfa rxbgsjfko wtgrmrvpxaw fm jlnhismc omopwldn qnbrnuv.

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