ABB has completed its acquisition of a majority stake in Chargedot Shanghai New Energy Technology.
The transaction was announced on 28 October.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Since its establishment in 2009, Shanghai-based Chargedot has made a 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, which include EV manufacturers, EV charging network operators and real estate developers.
It has around 205 employees and its other shareholders include Shanghai SAIC Anyo Charging Technology, a subsidiary of SAIC.
The acquisition is expected to further strengthen ABB’s relationship with Chinese electric vehicle manufacturers and broaden the company’s e-mobility portfolio with hardware and software developed for local requirements, as well as service offerings.
