Siemens invests USD 25 million and acquires a minority stake in U.S.-based WiTricity. Siemens and WiTricity will work together in the market for wireless EV charging. In addition, both parties will collaborate to advance the technical development of wireless charging systems.

The ultimate goal of the collaboration is to accelerate the maturing of wireless charging technologies together with OEMs and infrastructure partners to simultaneously ensure their availability worldwide.