The stock of Qualcomm, Inc (NASDAQ:QCOM) closed at $53.27 gaining 0.09% in yesterday’s trading session. Today, the provider is excited to announce its collaboration with Nichicon Corporation to get into a Wireless Electric Vehicle Charging (WEVC) license agreement.
According to some reliable sources, Nichicon is expected to incorporate Qualcomm Halo™ WEVC technology in its product portfolio. It has expressed its dedication to commercializing Electric Vehicle (EV) and WEVC systems for Plug-In Hybrid (PHEV) manufacturers across Asia.The framework of the agreement is such that Nichicon will be in a position to manufacture, develop, as well as supply WEVC systems based on Qualcomm Halo technology.
Nichicon, a leading specialist in automotive power electronics equipment, has been performing pretty well in recent years. The provider hopes to succeed at delivering the WEVC according to Yahoo. It is indeed proud of the fact that over the years it has maintained its position as one of the most trusted automotive suppliers in the industry. It has launched its operations in a larger part of Asia and in Japan more notably.
Executive operating officer of Nichicon Corporation, Naoto Noguchi outlined in a recent board meeting that they valued the needs of their customers. He added that they remained committed to responding to their needs as fast as possible. This official also took pride in the fact that the company offered customers high quality, cutting-edge technology products. The other great thing is their unending commitment to paying close attention to cost.
Vice president for Wireless Charging at Qualcomm, while speaking to one media house opined, “As a key Tier 1 supplier in Asia, Nichicon represents a great fit for Qualcomm, and we are excited to work with them to expand our automotive supplier network across this region.
The company executive added that they remained dedicated to developing valued products that would as a matter of fact lead to a brighter future for the society. It has other plans underway and targets rising to become an industry leader.