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 »

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

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 »