Porsche invests in EV charging company ABB E-mobility

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Porsche invests in EV charging company ABB E-mobility

ABB E-mobility says it has sold over a million EV chargers in more than 85 countries.

David Sickels
By David Sickels
David Sickels is the Editor of The Buzz. He has a history of working in the media, marketing and automotive industries in both print and online.
Published:
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Porsche Automobil Holding SE (Porsche SE) has invested around 525 million Swiss francs (approx. $577 million) in ABB E-mobility Holding AG (ABB E-mobility).

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ABB has been active in the e-mobility market since 2010 and today has sold over a million EV chargers in more than 85 countries. With more than 50,000 DC charging stations sold, the company says it has the largest installed base of fast chargers on the market. In addition to charging stations for electric vehicles, the product portfolio of ABB E-mobility also includes lifecycle management services and software solutions for the planning and operation of electrified vehicle fleets.

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Sona Comstar opens new manufacturing plant in Silao, Mexico

The company said this new facility will specialize in producing differential assemblies and reduction gears designed for BEVs.

Christian Hinton
By Christian Hinton
Published:
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Sona BLW Precision Forgings (Sona Comstar) inaugurated its new manufacturing plant in the Fipasi Industrial Park, Silao, Mexico. The company said this new facility will specialize in producing differential assemblies and reduction gears designed for BEVs.

"Throughout our journey, we've consistently grown by meeting our customers' evolving needs and expectations," V. Vikram Verma, CEO of driveline business at Sona Comstar, said. "Our relentless pursuit of innovation and adoption of cutting-edge technologies have firmly entrenched us as the premier partner for global automakers. We aim to solidify our position as the preferred driveline solutions provider for automakers in North America by establishing our new manufacturing plant in Mexico. This expansion demonstrates our unwavering commitment to customer satisfaction and aligns with our long-term growth strategy to capitalize on the escalating EV demand."

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