ABB to buy 67% stake in Chinese EV charging tech firm | Renewables Now

Switzerland’s ABB (VTX:ABBN) on Monday announced it will acquire a 67% stake in Shanghai Chargedot New Energy Technology Co Ltd, a Chinese company offering charging solutions for electric vehicles (EVs).

The Swiss-based power and automation group said it can raise the stake further in the next three years.

@ Renewables Now | October 29, 2019