ABB to acquire 67% in Chinese EV charging provider Chargedot
ABB is to acquire a majority stake of 67 percent in Shanghai Chargedot New Energy Technology Co., Ltd. (Chargedot), a leading Chinese e-mobility solution provider. The transaction is expected to be completed in the coming months and ABB has the possibility to increase its stake further in the next three years.
Since its establishment in 2009, Shanghai-based Chargedot has made a significant contribution to the uptake of electric vehicles (EV) in China. The company supplies AC and DC charging stations, as well as the necessary software platform to a range of customers that includes EV manufacturers, EV charging network operators and real estate developers.
Country updates
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October 28, 2019
AIIB to invest in SUSI's Asia Energy Transition Fund
Asian Infrastructure Investment Bank (AIIB), a multilateral financial institution based in Beijing, is set to invest up to US$50 million in SUSI's Asia Energy Transition Fund. The objectiv...
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October 10, 2019
Shah Capital acquires shares worth US11 million in ReneSola
ReneSola Ltd has entered into a definitive share purchase agreement dated as of September 29, 2019 with Shah Capital Opportunity Fund LP, according to which Shah would purchase from ReneSola 100,000,0...
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October 04, 2019
Siemens Gamesa to supply turbines for a 200 MW onshore wind project in China
Siemens Gamesa Renewable Energy (SGRE) continues to grow its business in China with the first contract to supply the Siemens Gamesa 4.X platform in the country. The company will install 42 units with...
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September 30, 2019
Narada signs Cooperation Agreement with EDF Renewables for battery storage projects in China
Narada has signed a cooperation agreement to transact battery storage projects in China with EDF Renewables China, Chinese subsidiary of a global player in renewable energies. The cooperation started...
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September 30, 2019
Apple invests in 134 MW Chinese wind portfolio
The Apple-launched China Clean Energy Fund has invested in three wind farms. They will supply a total of 134 megawatts of energy to the country’s national power grid. The three wind farms are i...
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