ABB acquires Chinese EV charging network Chargedot

Swiss-Swedish multinational ABB has completed its acquisition of a majority stake in Chinese e-mobility solution provider Chargedot Shanghai New Energy Technology, which provides AC and DC charging stations and the software platform to EV manufacturers, charging network operators, and real estate developers.

ABB announced the pending Chargedot acquisition back in late-October, a move which ABB hopes will strengthen its relationship with leading Chinese EV manufacturers as well as helping to broaden the company’s e-mobility portfolio with hardware and software developed specifically for local requirements.