Other shareholders of Lianzhu New Energy include SAIC An Yue, a subsidiary of SAIC.
In recent years, the continuous growth of production and sales and holdings of new energy vehicles in China has directly driven the market demand for charging infrastructure. Starting this year, the financial subsidies for new energy vehicles will gradually shift from subsidizing “vehicle purchases” to subsidies “operations”, that is, subsidizing charging infrastructure. This is a huge benefit for charging infrastructure R&D and operators, and it has also attracted Fortune 500 companies to pay no hesitation.
day, ABBThe country said on its official WeChat public account that ABB will acquire a 67% majority stake in Shanghai Lianzhu New Energy Technology Co., Ltd., an electric vehicle charging solution provider. The transaction is expected to be completed in the next few months and ABB will further increase its shareholding in the next three years.
Shanghai Lianzhu New Energy Technology Co., Ltd. was established in in 2009 with a registered capital of RMB 12.5 million. Mainly for electric vehicle manufacturers and electric vehicle charging network operators Provide communication and DC charging stations and necessary software platforms to customers such as real estate developers. The company has a 36-mu production base in Pinghu, Zhejiang, which includes 10 automated charging and charging pile production lines and 5 automatic production lines for DC smart charging piles.
ABB announced that Lianzhu New Energy currently has 185 employees, Other shareholders include Shanghai SAIC An Yue Charging Technology Co., Ltd., a subsidiary of SAIC. According to the data from Tianyue, Lianzhu New Energy announced in September 2015 that it had obtained a series of RMB A million financing from Sequoia Capital (China).
Lianpeng New Energy’s official website display , the company has established strategic partnerships with SAIC passenger cars, new energy vehicle manufacturers such as Beiqi New Energy, Dongfeng Nissan, SAIC Datong and Shenwo Bus to supply original matching charging products. They also provide smart charging equipment and platform management systems for SAIC e-open, car-sharing, GreenGo, Yongda Group, and Feilu Express, to achieve seamless connection between pile networking and vehicle networking. In terms of charging operation construction, Lianzhu cooperates with charging operators such as SAIC An Yue to provide customized intelligent charging solutions.
For this investment, Mehta, President of ABB Group’s Electrical Business Unit, said: “ABB is committed to leading sustainable transportation in the future. This investment confirms this commitment. China is actively building an electric transportation ecosystem. The acquisition will promote ABB’s greater role in this area and further close cooperation with SAIC and other domestic automakers.”
ABB China is said on its official WeChat public account that they have provided electrification for cars, trucks, ships, railways, trams and cable cars. A distribution-to-charge solution. Its ABB robotics business is a supplier of assembly line robots and software for Chinese electric vehicle manufacturers.This acquisition will strengthen ABB’s relationship with China’s leading electric vehicle manufacturers and Demand for custom-developed hardware and software pieces, expand their business scope in the field of electric vehicles.
Of course, for ABB, this investment is important, but it is only one part of the China layout of electric vehicle charging infrastructure business. ABB has been with BYD since 2016