Business

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 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: March 14, 2023

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).

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.

LG Energy Solution’s $5.5B battery facility to be completed by 2026

LG Energy Solution said the cylindrical battery plant, called LG Energy Solution Arizona, will produce 46-Series batteries for EVs.

By Christian Hinton

Published: April 12, 2024

The construction of a major battery manufacturing complex in Arizona, announced by LG Energy Solution last year, is on track to be completed in two years with the first round of hiring expected to begin at the end of this year. The company provided progress updates on its $5.5 billion stand-alone facility during a stakeholder meeting on April 3 at Combs High School in San Tan Valley near the town of Queen Creek where the complex is located.