ABB Buys Chinese Charging Manufacturer

ABB said it will acquire a majority stake of 67 percent in Shanghai Chargedot New Energy Technology Co., Ltd., a Chinese e-mobility solution provider. The transaction is expected to be completed in the coming months and ABB has the possibility to increase its stake further in the next three years.

Chargedot supplies AC and DC charging stations, as well as the necessary software platform to a range of customers that includes EV manufacturers, EV charging network operators and real estate developers. It has approximately 185 employees and its other shareholders among others include Shanghai SAIC Anyo Charging Technology Co., Ltd., a subsidiary of SAIC.

ABB said the deal will enhance its relationship with Chinese electric vehicle manufacturers and broaden the company’s e-mobility portfolio with hardware and software developed specifically for local requirements.

Related Posts

AVL’s e-Tractor Concept
Battery Charger For E-Machines And Vehicles
Kubota’s Hybrid Prototype
Rolls-Royce And Daimler Truck To Cooperate On Stationary Fuel-Cells
Avium To Use NSF Grant To Develop Hydrogen Solution
KYB, REE Automotive Partner On Modular EV Platform
Scania To Deliver 75 E-Trucks To Norwegian Food Firm
ZF To Begin Production Of CeTrax Bus E-Drive

Login

Forgotten Password?

Haven’t got an account? Click here to register.