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July 25, 2017updated 09 Apr 2021 12:40pm

Qualcomm and Nichicon do wireless charging deal

Technology developer Qualcomm and Nichicon Corporation (of Japan) have announced that they have entered into a Wireless Electric Vehicle Charging (WEVC) licence agreement.

Technology developer Qualcomm and Nichicon Corporation (of Japan) have announced that they have entered into a Wireless Electric Vehicle Charging (WEVC) licence agreement.

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Nichicon will include Qualcomm Halo WEVC technology in its product portfolio and will focus on commercialising WEVC systems for Plug-In Hybrid (PHEV) and Electric Vehicle (EV) manufacturers across Asia. Based on the agreement, Nichicon intends to develop, manufacture and supply WEVC systems based on Qualcomm Halo technology.

Nichicon is a specialist in automotive power electronics equipment and works extensively across Asia, notably in Japan.

"Our core mission is to respond to customers' needs with high quality, cutting-edge technology products, whilst also paying attention to cost," said Mr. Naoto Noguchi, Executive Operating Officer, Production Officer, NECST Business Headquarters,  Nichicon Corporation. "We are delighted to be able to offer our customers, what we believe to be an industry-leading, future proof WEVC solution with ongoing technology improvements. The technology delivers interoperability, which is important for the driver experience and also for sustainable transportation. We are committed to creating valued products that will contribute to a brighter future for society, this is underscored by our business value Ko-do, which translates from Japanese as think and work."

"As a key Asian Tier 1 supplier, Nichicon represents a great fit for Qualcomm, and we are excited to work with it to expand our automotive supplier network across this region," said Steve Pazol, vice president and general manager, Wireless Charging, Qualcomm Incorporated. "Qualcomm Halo technology has been developed with a full systems design approach, covering all aspects of WEVC systems, irrespective of the magnetics used, multi-coil, double D or circular. We are WEVC."

Through the agreement Qualcomm has granted Nichicon a royalty bearing licence to develop, make and supply WEVC systems based on Qualcomm Halo technology. Qualcomm says it will also provide a comprehensive technology transfer package to help Nichicon to develop commercially and technically viable WEVC systems and support the future design of improved WEVC systems.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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