ABB
Compare ABB…ABB Ltd engages in manufacture and sale of electrification, automation, robotics, and motion products worldwide.
SectorsCharging
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ABBABB Ltd engages in manufacture and sale of electrification, automation, robotics, and motion products worldwide.
| Date / Milestone | Product / Capital | Detail |
|---|---|---|
| 2010-2015. ABB enters EV charging hardware | Early Terra products | Initial ABB DC fast charger products (Terra 50, Terra 53) target European + US commercial-fleet customers; built on ABB power-electronics IP from substations + industrial drives |
| 2018-2020. Terra HP series | Terra HP 175 kW + 350 kW | First-generation high-power charger products; deployed across early European HPC + IONITY network; positions ABB as the premium hardware brand for HPC operators |
| 2021-09. Terra 360 launch | Terra 360 (360 kW) | World's first 360 kW DC fast charger; can charge 4 EVs simultaneously; deployed by ABB E-mobility as the new global flagship; positions against Tritium MSC + Tesla V3 Supercharger |
| 2022-05. E-mobility IPO + spin-off announced | Planned Swiss IPO | ABB Ltd announces intention to carve out E-mobility as a separately Swiss-listed entity; CEO Bjorn Rosengren cites maturity + standalone-investor-appeal rationale |
| 2022-11. E-mobility IPO suspended | Spin-off paused | ABB Ltd pauses E-mobility IPO citing 'unfavorable market conditions' (2022 EV-pure-play valuations had compressed sharply mid-year); E-mobility remains an ABB Ltd division |
| 2023-Q3. Terra 360 HP (400 kW) launch | Terra 360 HP (400 kW) | Upgraded Terra 360 with higher peak output; positioned for ultra-fast charging at corridor + flagship-station deployments |
| 2024-2025. Continued integration into ABB Ltd | E-mobility as ABB division | E-mobility remains ABB Ltd division; product expansion includes ABB Aurelia DC fast 2.0 + Terra DC HP G5 + new AC Wallbox generations; competes globally |
| 2025. Restructuring + cost-out program | Cost-restructuring | ABB E-mobility undergoes cost-restructuring announced 2025 to align cost base with slower-than-expected global charging-hardware market growth; management characterizes as 'right-sizing' |
| Revenue estimate (market consensus) | ~$700M-$1B annual (2024 est.) | Not separately disclosed by ABB Ltd in segment reporting; market estimates from Jefferies + UBS + Citi research notes put 2024 E-mobility revenue at $700M-$1B + likely down YoY 2025 |
| Editorial. ABB's industrial-customer advantage | Strategic context | ABB sells hardware-only to operators; this structurally limits revenue growth vs vertical-pure-plays but provides margin advantages + multi-operator-customer diversification. The Terra 360 + Terra HP product line is the de facto European premium charger brand; outside of China + Tesla's vertical network, ABB hardware sits in ~30-40% of European HPC + Shell + BP Pulse + Allego + IONITY stations. The 2022 IPO suspension reset growth expectations + the 2025 cost-restructuring is the marquee equity-narrative event for the segment |
2001-2023
$ABB
World's leading manufacturer of DC fast-charging hardware, supplying equipment to major charging networks globally. Installed in 120+ countries with a dominant share of commercial and public DC charger hardware sales. Provides turnkey charging solutions from 50 kW to 360 kW for highways, fleets, and urban deployments worldwide.
Key Milestones
ABB acquires Dutch DC fast-charging startup Epyon BV for an undisclosed sum; Epyon's CCS/CHAdeMO multi-protocol cabinets become the foundation of the Terra product family
Launches Terra 53, the world's first commercially available 50 kW multi-standard DCFC supporting CHAdeMO + CCS Combo simultaneously - becomes the de facto charger spec at >100 European public charging operators in mid-2010s
Launches Terra HP 350 kW: first commercial high-power charger pilot at IONITY sites; the cabinet that powered Europe's first 800V Porsche Taycan compatibility pre-launch
Spins out E-mobility as separate division targeting an independent IPO; sets US$750M revenue target with planned listing 1H 2022
Launches Terra 360, the world's first 360 kW DCFC charging up to 4 vehicles simultaneously from a single cabinet; modular split-power approach lets sites with 4 stalls share one transformer
Crosses 1M chargers sold globally across L2 and DC fast-charging product lines (50 kW Terra 53 to 360 kW Terra 360); milestone reached across 120+ countries
Postpones planned IPO citing market conditions; continues as ABB division - charging infrastructure SPAC valuations down 70%+ since 2021 highs make a clean listing untenable
Launches MCS-capable Megawatt charging product line for trucks and aviation pilots; commits to CharIN J3271 spec ahead of finalization
Acquires US-based BTC Power; consolidates US DCFC manufacturing capacity ahead of expected NEVI re-tendering wave - second sale of BTC Power after 2020 Innogy buyout
