ABB E-mobility Increases Majority Stake in Chinese EV Charging Provider Chargedot
ABB had previously acquired a 67 percent stake in Chargedot in March 2020. The additional investment is part of ABB E-mobility’s growth strategy and further strengthens ABB’s position in the rapidly growing Chinese e-mobility market. Financial terms of the transaction…
ABB Acquires Majority Stake In Chinese EV Charging Provider- Chargedot
ABB has completed its acquisition of a majority stake in Chargedot Shanghai New Energy Technology Co., Ltd. The deal was announced on October 28, 2019. The company supplies AC and DC charging stations, as well as the necessary software platform…
