Global technology leader ABB is to acquire a majority stake in Chargedot New Energy Technology Co., Ltd., a leading Chinese e-mobility solution provider.
Details provided below:
- Shanghai-based Chargedot has made a substantial contribution to the ectric vehicles in China.
- With this deal ABB strengthen its e-mobility portfolio spans EV charging technology and supporting energy distribution solutions
- This investment is a further demonstration of ABBs commitment to enabling sustainable mobility, said Tarak Mehta, President of ABB’s Electrification business. With China forging ahead in the development of a comprehensive e-mobility ecosystem, this acquisition will give ABB a significant role in delivering growth, working closely with SAIC and other leading Chinese car manufacturers.