ABB completed the acquisition of a 67% stake in Chargedot.

ABB, a multinational technology company, completed the acquisition of 67% stake in Shanghai Chargedot New Energy Technology, a Chinese e-mobility solution provider. Financial terms were not disclosed. “This investment is a further demonstration of ABB’s commitment to enabling sustainable mobility. With China forging ahead in the development of a comprehensive e-mobility ecosystem, this acquisition will give ABB a significant role in delivering growth, working closely with SAIC and other leading Chinese car manufacturers,” Tarak Mehta, ABB's President of Electrification business.