ABB acquires majority stake

in Chargedot for EVs

A Switzerland based ABB has purchased a majority stake in the Chargedot Shanghai New Energy Technology Company Limited.

As electric mobility is developing rapidly worldwide and China was leading in the industry. Chargedot has made an important strides in the electric vehicle segment in China.It is one of the leading companies of supplying AC and DC charging stations in the country. It has a wide range of products for the whole electric mobility ecosystem.

ABB

The acquired stakes helps the ABB is expected to use in the expansion of the EV market in China.

Recently, Ashok Leyland has made an announcement that it has signed an MoU with ABB Power to develop e-buses for India. This MoU was signed to develop a pilot electric bus based on the flash-charge technology which allows charging of the battery within seconds.

The joint venture will develop pilot electric bus which is based on ABB’s innovative flash charge technology, TOSA which will charge up the battery in just a few seconds while passengers get on and off the bus.

This means electric bus drivers need not worry about charging time as it charges in seconds. It helps to avoid the need to pull the e-bus out of the service for recharging every few hours.

The buses with ABB’s TOSA technology will be charged at selected bus stops with charging infrastructure and the batteries are charged within 15 seconds with a 600-kilowatt power boost. Apart from this, an additional few minutes charge at the final terminal enables a full recharge without disturbing the bus’s schedule.

About the partnership, N Saravanan, Chief Technology Officer, Ashok Leyland, said, “In this journey, to stay competitive in our Domestic and Global markets, we are joining hands with ABB to use their world-renowned TOSA technology on our e-buses to take forward our vision of expanding in the EV space.”

 Also Read: ABB to bring in fast chargers in India for EVs

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