HomeBusinessABB increases majority stake in Chinese EV charging provider

ABB increases majority stake in Chinese EV charging provider

BERLIN : ABB mentioned on Monday it had elevated its majority stake in Chinese electrical automobile (EV) charging provider Chargedot to 80per cent from 67per cent.

The monetary phrases of the transaction weren’t disclosed.

ABB acquired its earlier stake in the charging provider in March 2020.

The different shareholder is Shanghai SAIC Anyo Charging Technology Co, a subsidiary of China’s automobile producer SAIC, which holds a 20per cent stake.

(Reporting by Miranda Murray; Editing by Paul Carrel)

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

//betzapdoson.com/4/4783938