ABB E-mobility delivers 1 Millionth EV chargers, and signed an agreement with 4 minority investors for an additional CHF325 million in funds, in exchange for a total shareholding of approximately 12 percent in the company. This transaction represents the second and final part of ABB E-mobility’s pre-IPO private placement of newly issued shares and is expected to close at the beginning of February 2023.
Switzerland-based ABB e-mobility solution provides announced today that it delivered the 1 millionth electric vehicle charger, this company’s largest record till now.
ABB continuously growing day by day and expands its business, the last year 2022 ABB double its production capacity of 16000M2, $30 million in Valdarno, Italy.
As per the recent update ABB announced its new production facility in the United States, to p produce up to 10,000 Chargers yearly for school buses, fleet, and public charging, also Abb increase its stake in the Chinese charging provider, Chargedot.
ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered, and operated. Building on more than 130 years of excellence, ABB’s 105,000 employees are committed to driving innovations that accelerate industrial transformation.
FY 2022
- Orders $34.0 billion, +7%; comparable1 +16%
- Revenues $29.4 billion, +2%; comparable +12%
- Income from operations $3,337 million; margin 11.3%
- Operational EBITA1 $4,510 million; margin1 15.3%
- Basic EPS $1.30
- Cash flow from operating activities was $1,287 million and from operating activities in continuing operations it was $1,334 million