ABB Launches Fastest EV Charger

ABB Ltd ABB launched an innovative all-in-one Electric Vehicle (EV) charger, which provides the fastest charging experience on the market to tap the budding demand for EVs made by Tesla Inc TSLA and other automakers.
ABB’s new Terra 360 modular charger with a maximum output of 360 kW and capable of fully charging an electric car in 15 minutes or less can simultaneously charge up to four vehicles with dynamic power distribution.
The Terra 360 will be available in Europe from 2021 end. The USA, Latin America, and the Asia Pacific regions will get it in 2022.
Price Action: ABB shares traded higher by 0.06% at $33.66 in the premarket session on the last check Thursday.

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