What is ABB electrification?

ABB electrification includes electric motors and drives, power management hardware, and various enterprise software offerings for managing network-connected industrial equipment and fleets of vehicles. ABB electrification also includes EV charging station infrastructure.

Are EV charging points a positive sign for ABB?

Investors expect a surge in demand for EV charging points as European regulations push automakers and drivers alike to make the switch from fossil-fuelled cars. The placement is a positive sign for ABB after the company earlier this year delayed a planned flotation of E-mobility, citing stock market turbulence.

Which EV charging stocks are going public?

Next up, we have another EV charging stock, ChargePoint Holdings. It is an EV infrastructure company that operates one of the largest networks of EV charging stations in the U.S. The company is the first EV charging stock to have gone public via the SPAC route. This came after the completion of its merger with Switchback Energy Acquisition.