European electronics giant ABB has increased its majority stake in Chinese charging provider Chargedot from 67 percent to 80 percent. ABB is now one of two shareholders in Chargedot, alongside a subsidiary of China’s largest vehicle manufacturer, SAIC, which retains a 20 percent stake. Both companies have benefited from their partnership. Chargedot has implemented ABB’s… Read more »
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ABB completes Chargedot acquisition
Global electrical equipment giant ABB has completed its acquisition of Chinese EV charging provider Chargedot. Chargedot supplies AC and DC charging stations and software platforms to EV manufacturers, EV charging network operators, and real estate developers. Chargedot has around 205 employees. The acquisition was initially announced in October 2019. Source: ABB
ABB acquires Chinese charging provider Chargedot
Swiss electronics company ABB has acquired a majority stake in Chargedot, a Chinese EV charging provider. Chargedot supplies AC and DC charging stations, as well as an accompanying software platform. ABB offers services and products such as grid distribution and charging points. Tarak Mehta, President of ABB’s Electrification business, said, “With China forging ahead in… Read more »
ABB E-mobility delivers millionth EV charger
ABB E-mobility has announced the delivery of its one-millionth electric vehicle charger. The 2022 launch of ABB E-mobility’s new $30-million, 16,000-square-meter production facility in Valdarno, Italy completed a doubling of the company’s production capacity over the last two years. The manufacturing site can produce one DC fast charger every 20 minutes thanks to its seven… Read more »