Ares Design Showcases Tesla Model S Convertible

More

Porsche expands Taycan model range with new entry level variant

More

Mercedes Benz EQA unveiled, priced from €47,540 in Germany

More

Rivian secures $2.65 billion as it prepares to bring its EVs to market

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

ABB Acquires Chinese EV Charging Provider Chargedot

ABB is to acquire a majority stake of 67 percent in Shanghai Chargedot New Energy Technology Co., Ltd. (“Chargedot”), a leading 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.

Since its establishment in 2009, Shanghai-based Chargedot has made a significant contribution to the uptake of electric vehicles in China. The company 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.

Chargedot is a natural fit for ABB, which as a global leader in sustainable transportation infrastructure, already offers solutions from grid distribution to charging points for cars and trucks, as well as for the electrification of ships, railways, trams, buses and cable cars. The acquisition will strengthen ABB’s relationship with leading Chinese electric vehicle manufacturers and broaden the company’s e-mobility portfolio with hardware and software developed specifically for local requirements. ABB Robotics is the leading supplier of robot units and software to the assembly lines of Chinese EV manufacturers.

“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.”

“Chargedot was one of the first high-tech enterprises in China to focus on new energy vehicle charging solutions. By joining with ABB, we will be positioned strongly to make the next big leap forward,” said Mao Chunhua, CEO of Chargedot.

The outlook for the global e-mobility infrastructure market is growing. Grand View Research, Inc. forecasts the Asia Pacific region is expected to show the highest growth in this market. China already boasts the largest fleet of electric vehicles worldwide at 2 million, with consumers supported by a government-backed incentive scheme.

ABB has unrivalled expertise in delivering solutions for safe, smart and sustainable electrification. Its partnership with the ABB FIA Formula E Championship serves as a global platform to test and develop e-mobility-relevant electrification and digitalization technologies, pushing the boundaries of e-mobility for a noise and emission free future. There will be an ABB Formula E race taking place in Sanya, China, on March 21, 2020.

Key to achieving this vision, ABB’s comprehensive e-mobility portfolio spans EV charging technology and supporting energy distribution solutions. ABB has sold more than 11,000 DC fast-charging points across 76 countries worldwide.

Within China, ABB has been working with BYD and Daimler since 2016, supplying its DC Wallbox units for charging Denza electric vehicles. The company is also a supplier of DC fast charging solutions to electric vehicle manufacturers including NIO and to operators such as BP/ifuel 66.

Oct 28, 2019Blagojce Krivevski
Opel will offer 8 electrified models by 2021BorgWarner transformed an Ariel Nomad into all-electric demonstration vehicle
You Might Also Like
 
Electric Vehicle Drivers Spend Just £9 On Holiday Travels
 
ChargePoint Reveals 2 MW Charging Connector for High-Powered Charging
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

October 28, 2019 Electric Car NewsABB, Chargedot, china, EV Charging
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
Everything you need to know about Formula E powertrains for Season 7 Formula E
January 25, 2021
Siemens Sicharge D is one of the most efficient DC fast chargers on the market
January 25, 2021
Volkswagen: Every battery has to prove its safety in 5,000 tests
January 24, 2021
VinFast VF33
Vietnam’s VinFast unveils 3 all-electric SUVs with self-driving capabilities
January 23, 2021
The all-new Jeep Wrangler 4xe First Edition now available to pre-order in Europe
January 23, 2021
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Everything you need to know about Formula E powertrains for Season 7 Formula E
January 25, 2021
Siemens Sicharge D is one of the most efficient DC fast chargers on the market
January 25, 2021
Volkswagen: Every battery has to prove its safety in 5,000 tests
January 24, 2021
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
2021 © ElectricCarsReport.com | All Rights Reserved.