ABB is headquartered in Zurich, Switzerland and its shares are traded on the stock exchanges of Zurich, Stockholm and New York. ABB Group was formed in 1988, when the Swedish Asea and the Swiss BBC Brown Boveri merged under the name of ABB.
ABB's relationship with China dates back to 1907, when it delivered a steam boiler to the country. In 1974, ABB established its first office in Hong Kong, followed by its first permanent office in Beijing in 1979. In 1992, ABB launched its first Chinese joint venture in Xiamen. In 1994, ABB moved its China headquarters to Beijing. In 1995, ABB's holding company, ABB (China) Ltd., was formally established.
After years of fast growth, ABB has established a full range of business activities in China, including R&D, manufacturing, sales and services, with 17,000 employees located in 139 cities, 40 local companies, and online and offline channels across over 300 cities.In 2016, China continued as ABB’s second-largest market worldwide, with around 84% of sales from locally-made products, solutions and services.
ABB adheres to its “In China, for China and the world” strategy and propelled the R&D localization. ABB has continuously improved its local R&D capabilities through continued investment and R&D footprint optimization. In 2005, ABB located one of its 7 global R&D organizations in China.
In China, ABB has participated in many key national projects including the south-to-north water diversion project, the west-to-east power transmission project, the Qinghai-Tibet Railway, and venues for the Beijing Olympic Games and APEC summit, Hangzhou G20 summit and Shanghai Expo.