ABB has completed its acquisition of a majority stake in Chargedot Shanghai New Energy Technology Co., Ltd. (“Chargedot”) a leading Chinese e-mobility solution provider. The transaction was announced on October 28, 2019.
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 205 employees and its other shareholders include Shanghai SAIC Anyo Charging Technology Co., Ltd., a subsidiary of SAIC.
The acquisition is expected to further 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 as well as service offerings.
# Its a Press Release originally published on https://new.abb.com/
ABB (ABBN: SIX Swiss Ex) is a technology leader that is driving the digital transformation of industries. With a history of innovation spanning more than 130 years, ABB has four, customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by the ABB Ability™ digital platform. ABB’s Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 144,000 employees. www.abb.com
Chargedot Shanghai New Energy Technology Co., Ltd. was founded in 2009. At the same time, it created its own brand “Lianzhuang”, which is the earliest high-tech enterprise in China that focuses on providing new energy vehicle charging solutions. Lianzhuang has not only deep accumulation in the field of electric vehicle charging, but also rich experience in supporting the entire vehicle. Relying on intelligent charging facilities and a powerful charging operation network service platform, it has created a one-stop charging service centered on user experience.