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ABB to provide electric vehicle chargers across the U.S

Published 17/04/2018, 16:22
Updated 17/04/2018, 16:30
© Reuters. A logo is pictured on the ABB Secheron building in Meyrin near Geneva

© Reuters. A logo is pictured on the ABB Secheron building in Meyrin near Geneva

ZURICH (Reuters) - ABB (S:ABBN) said on Tuesday it received an order from Volkswagen unit (DE:VOWG_p) Electrify America to provide high power electric vehicle chargers across the United States, the biggest U.S. project to date in that field.

Electrify America plans to place hundreds of charging stations within and around 17 metropolitan areas and along multiple nationwide highway corridors, the power and automation company said in a statement. [nL1N1OD2JE]

It did not give the value of the contract.

ABB shares were up 1.9 percent at 1455 GMT, outperforming a 1 percent higher Swiss bluechip index (SSMI).

© Reuters. A logo is pictured on the ABB Secheron building in Meyrin near Geneva

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