ABB to Invest $30 Million in Production Site for EV Chargers in Italy
July 24 2020 - 4:23AM
Dow Jones News
By Cecilia Butini
ABB Ltd. said Friday that it is investing $30 million in a new
production site for electrical-vehicle charging components in
Italy.
The Swiss engineering company said the new plant in San Giovanni
Valdarno is set to be operational by the end of 2021. It will
produce the company's entire portfolio of direct-current
electric-vehicle battery chargers, ABB said. The new plant will
also host research-and-development activities and will be equipped
with renewable energy sources to offset its environmental impact,
according to the company.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
July 24, 2020 05:08 ET (09:08 GMT)
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