Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  ABB Ltd    ABBN   CH0012221716

ABB LTD

(ABBN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

ABB : drives digital evolution for e-mobility tech in pan European pilot

share with twitter share with LinkedIn share with facebook
07/07/2020 | 05:24am EDT
ABB drives digital evolution for e-mobility tech in pan European pilot Press release | Zurich, Switzerland | 2020-07-07

Along with 31 other stakeholders, ABB will collaborate with eCharge4Drivers to conduct demonstrations across key EU cities to understand consumers' perspective on EV charging infrastructure.

ABB is proud to partner in the eCharge4Drivers project, part of the Low Carbon Green Vehicles program 'User centric charging infrastructure'. A European Commission initiative which invites and supports consortia to develop smarter and more convenient electric vehicle (EV) charging infrastructure, eCharge4Drivers has been developed to accelerate the shift towards electrified and sustainable mobility.

While sales of electric vehicles in Europe have been on the rise, with Europe representing the second largest market for EV sales in 2019 at 561,000 units, drivers often face problems with limited charging options and other qualitative requirements that could potentially discourage mass adoption.

Multiple studies show that increasing accessibility to appropriate charging infrastructure and marketing the benefits of electric mobility are key enablers to broadening the EV customer pool.

Based on the outcome of surveys conducted under the EC's Horizon 2020 research and innovation program, the eCharge4Drivers project will start to investigate in more detail users' perceptions and expectations on various charging and mobility options and parking habits across the EU. This will inform the subsequent design and development of relevant solutions in improved chargers and convenient services.

The project brings together 32 of the most important e-mobility organizations in the region, including ABB alongside companies such as Robert Bosch, BMW, Volvo, Fiat plus a number of leading European educational institutions. The initiative has a budget of €18.8 million with pilot demonstrations due to start in the second half of 2021.

eCharge4Drivers will develop and demonstrate pilot projects in 10 regions across Europe, including metropolitan areas and Trans-European Transport Network (TEN-T) corridors, with ABB supplying multiple chargers for use in the majority of the pilot areas. The pilots create the opportunity to develop and test new technologies which improve the charging experience, delighting drivers with advancements that are not otherwise available with ICE vehicles.

'ABB's unrivalled expertise in electrification, and its global leadership in e-mobility and digital technology will play a vital role in driving the European Union's shift to sustainable transportation and a zero-emission future for all,' said Frank Muehlon, the Head of ABB's global business for E-mobility Infrastructure Solutions.

ABB will develop easy-to-use, scalable EV chargers for the demonstration with new functionalities such as large digital displays with customizable, user-friendly interfaces. The modular chargers can be expanded according to usage and will be carried across demo sites in containers. The chargers will feature ABB's Dynamic DC sharing technology, which supports power sharing across multiple charging points, enabling high power charging for high performance vehicles as needed.

The charging stations and all other peripheral equipment will support the ISO 15118 Plug & Charge features, creating a standardized ecosystem for the transfer of information and enabling interoperability to increase the usability and efficiency of the chargers. The chargers will have a site power manager and all energy measurements will be in accordance with the European Measurement Instruments Directive (MID). Users will have several payment options, including credit cards and smartphones.

ABB AbilityTM is a dedicated digital suite for centralized control and enables fast global service and proactive maintenance, which are crucial for the rapid deployment of EV charging infrastructure to support the electric future of mobility. ABB has sold more than 14,000 DC fast chargers around the world and most recently won the Global E-mobility Leader 2019 award for its role in supporting the international adoption of sustainable transport solutions.

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB's success is driven by about 110,000 talented employees in over 100 countries. www.abb.com

eCharge4Drivers is a 4-year project of 14 million euros co-financed by the European Union under the Horizon 2020 Programme under grant agreement No. 875131 (Innovation Action) www.echarge4drivers.eu

ABB is proud to partner in the eCharge4Drivers project, part of the Low Carbon Green Vehicles program 'User centric charging infrastructure'. A European Commission initiative which invites and supports consortia to develop smarter and more convenient electric vehicle (EV) charging infrastructure, eCharge4Drivers has been developed to accelerate the shift towards electrified and sustainable mobility.

rn

While sales of electric vehicles in Europe have been on the rise, with Europe representing the second largest market for EV sales in 2019 at 561,000 units, drivers often face problems with limited charging options and other qualitative requirements that could potentially discourage mass adoption.

rn

Multiple studies show that increasing accessibility to appropriate charging infrastructure and marketing the benefits of electric mobility are key enablers to broadening the EV customer pool.

rn

Based on the outcome of surveys conducted under the EC's Horizon 2020 research and innovation program, the eCharge4Drivers project will start to investigate in more detail users' perceptions and expectations on various charging and mobility options and parking habits across the EU. This will inform the subsequent design and development of relevant solutions in improved chargers and convenient services.

rn

The project brings together 32 of the most important e-mobility organizations in the region, including ABB alongside companies such as Robert Bosch, BMW, Volvo, Fiat plus a number of leading European educational institutions. The initiative has a budget of €18.8 million with pilot demonstrations due to start in the second half of 2021.

rn

eCharge4Drivers will develop and demonstrate pilot projects in 10 regions across Europe, including metropolitan areas and Trans-European Transport Network (TEN-T) corridors, with ABB supplying multiple chargers for use in the majority of the pilot areas. The pilots create the opportunity to develop and test new technologies which improve the charging experience, delighting drivers with advancements that are not otherwise available with ICE vehicles.

rn

'ABB's unrivalled expertise in electrification, and its global leadership in e-mobility and digital technology will play a vital role in driving the European Union's shift to sustainable transportation and a zero-emission future for all,' said Frank Muehlon, the Head of ABB's global business for E-mobility Infrastructure Solutions.

rn

ABB will develop easy-to-use, scalable EV chargers for the demonstration with new functionalities such as large digital displays with customizable, user-friendly interfaces. The modular chargers can be expanded according to usage and will be carried across demo sites in containers. The chargers will feature ABB's Dynamic DC sharing technology, which supports power sharing across multiple charging points, enabling high power charging for high performance vehicles as needed.

rn

The charging stations and all other peripheral equipment will support the ISO 15118 Plug & Charge features, creating a standardized ecosystem for the transfer of information and enabling interoperability to increase the usability and efficiency of the chargers. The chargers will have a site power manager and all energy measurements will be in accordance with the European Measurement Instruments Directive (MID). Users will have several payment options, including credit cards and smartphones.

rn

ABB AbilityTM is a dedicated digital suite for centralized control and enables fast global service and proactive maintenance, which are crucial for the rapid deployment of EV charging infrastructure to support the electric future of mobility. ABB has sold more than 14,000 DC fast chargers around the world and most recently won the Global E-mobility Leader 2019 award for its role in supporting the international adoption of sustainable transport solutions.

rn

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB's success is driven by about 110,000 talented employees in over 100 countries. www.abb.com

rn

eCharge4Drivers is a 4-year project of 14 million euros co-financed by the European Union under the Horizon 2020 Programme under grant agreement No. 875131 (Innovation Action) www.echarge4drivers.eu

','DatePublished':'2020-07-07T08:00:00.09Z','Headline':'ABB drives digital evolution for e-mobility tech in pan European pilot','Keywords':['Zurich, Switzerland','Press release'],'LocationCreated':{'Id':null,'Name':'Zurich, Switzerland','Url':null,'Slug':null,'Description':null,'Image':null,'OpenInNewWindow':false},'Mentions':[],'Genre':'Press release','Categories':['Press release'],'Contacts':[{'ContactType':'Electrification Business','Email':'natalie.hodges@ch.abb.com','Telephone':'+41 (0)43 317 54 04','Address':'','Id':null,'Name':'Natalie Hodges','Url':'','Slug':null,'Description':null,'Image':null,'OpenInNewWindow':false}],'Endnotes':[' Global EV Outlook 2020'],'Attachments':[{'Id':null,'Name':'Press release for download in English as a word docx','Url':'https://resources.news.e.abb.com/attachments/published/64941/en-US/10E073FBB7CD/ABB_drives_digital_evolution_for_e-mobility_tech_in_pan_European_pilot_01.07.2020.docx','Slug':null,'Description':null,'Image':null,'OpenInNewWindow':false},{'Id':null,'Name':'Press release for download in English as a pdf','Url':'https://resources.news.e.abb.com/attachments/published/64941/en-US/48235471B3B6/ABB_drives_digital_evolution_for_e-mobility_tech_in_pan_European_pilot_01.07.2020.pdf','Slug':null,'Description':null,'Image':null,'OpenInNewWindow':false}],'Status':'Published','DetailsPageUrl':null,'SocialMediaImage':'https://resources.news.e.abb.com/images/2020/7/7/0/ABB_Holo_Sustainable_Energy_RGB-Medium.jpg','Id':'64941','Name':null,'Url':'64941/abb-drives-digital-evolution-for-e-mobility-tech-in-pan-european-pilot','Slug':'abb-drives-digital-evolution-for-e-mobility-tech-in-pan-european-pilot','Description':'Along with 31 other stakeholders, ABB will collaborate with eCharge4Drivers to conduct demonstrations across key EU cities to understand consumers' perspective on EV charging infrastructure.','Image':'https://resources.news.e.abb.com/images/2020/7/7/0/ABB_Holo_Sustainable_Energy_RGB-Medium.jpg','OpenInNewWindow':false}'>

Disclaimer

ABB Ltd. published this content on 07 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2020 09:23:01 UTC

share with twitter share with LinkedIn share with facebook
Latest news on ABB LTD
08/04Activist investor Cevian reduces stake in ABB to under 5%
RE
07/24U.S., Europe Economies Taking Diverging Paths -- 3rd Update
DJ
07/24ABB : to Invest $30 Million in Production Site for EV Chargers in Italy
DJ
07/23ABB LTD : RBC reaffirms its Neutral rating
MD
07/23ABB LTD : UBS keeps its Buy rating
MD
07/23ABB LTD : Barclays maintains a Buy rating
MD
07/23ABB LTD : Deutsche Bank gives a Neutral rating
MD
07/23ABB : Audi and ABB partner in New Zealand to reduce emissions with an E-mobility..
PU
07/22ABB LTD : JP Morgan reaffirms its Sell rating
MD
07/22ABB : Q2 2020 results
AQ
More news
Financials (USD)
Sales 2020 25 188 M - -
Net income 2020 5 991 M - -
Net Debt 2020 368 M - -
P/E ratio 2020 9,02x
Yield 2020 3,24%
Capitalization 54 863 M 54 705 M -
EV / Sales 2020 2,19x
EV / Sales 2021 2,17x
Nbr of Employees 110 000
Free-Float 86,1%
Chart ABB LTD
Duration : Period :
ABB Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ABB LTD
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 24,95 $
Last Close Price 25,70 $
Spread / Highest target 26,8%
Spread / Average Target -2,95%
Spread / Lowest Target -31,3%
EPS Revisions
Managers
NameTitle
Björn Klas Otto Rosengren Chief Executive Officer
Peter R. Voser Chairman
Timo J. Ihamuotila Chief Financial Officer
Jacob Wallenberg Vice Chairman
Matti Juhani Alahuhta Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ABB LTD0.39%54 705
SHANGHAI ELECTRIC GROUP COMPANY LIMITED-0.39%11 518
GATES INDUSTRIAL CORPORATION PLC-19.04%3 160
ABB INDIA LIMITED-29.48%2 485
TECO ELECTRIC & MACHINERY CO., LTD.5.53%1 820
BLOOM ENERGY CORPORATION89.02%1 710