ABB Receives EV Chargers Order From Car-Maker Joint Venture IONITY

Date : 01/09/2020 @ 9:18AM
Source : Dow Jones News
Stock : Bayerische Motoren Werke AG (BMW)
Quote : 44.75  -0.115 (-0.26%) @ 4:35PM
Bayerische Motoren Werke share price Chart

ABB Receives EV Chargers Order From Car-Maker Joint Venture IONITY

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   By Mauro Orru 
 

ABB Ltd. (ABBN.EB) said on Thursday that it has received an additional order for high-power electric vehicle chargers from car-maker joint venture IONITY.

IONITY ordered 324 of ABB's 350 kilowatt high-power EV chargers, which it will deploy across 24 countries by the end of 2020, ABB said.

IONITY is a joint venture of car makers BMW AG (BMW.XE), Daimler AG (DAI.XE), Ford Motor Co. (F) and Volkswagen AG (VOW.XE), set up to build a European electric-vehicle charging network.

The Swiss engineering company didn't disclose financial details of the deal, which follows a previous order of high-power chargers in 2018.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

January 09, 2020 04:03 ET (09:03 GMT)

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