ABB completes the acquisition of Chargedot, a Chinese EV charging provider

Create Date: 2024-8-30 12:03:23|Source: ABB

ABB has completed the acquisition of a majority stake in Shanghai Charging Point New Energy Technology Co., Ltd. ("Charging Point"). The transaction was announced on October 28, 2019.

Since its inception in 2009, Shanghai-based Chargedot has made a significant contribution to the adoption of electric vehicles in China. The Company provides AC and DC charging stations and the necessary software platforms to a range of customers, including EV manufacturers, EV charging network operators and property 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 China's leading EV manufacturers and expand the company's EV portfolio with hardware and software and service offerings developed specifically for local needs.
ABB completes the acquisition of Chargedot, a Chinese EV charging provider

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