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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 ABB’s 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.”

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