China is ABB’s second-largest market worldwide with more than 90% of sales from locally-made products, solutions and services. Since 1992, ABB has invested more than $2.4 billion in China. Following this long-term commitment to innovation, the nucleus of economic growth and development, ABB will continue driving the future of industries, cities, mobility, energy and work in China. The agreement between the Shanghai municipal government and ABB, signed in 2018, identifies key areas of future cooperation, including smart manufacturing, smart transportation, smart city, new energy development as well as the marine and ports industry. ABB will take advantage of its innovative technologies, which cover the whole value chain of industrial automation as well as its leading ABB Ability™ digital solutions, to forge industrial cooperation with Shanghai’s local enterprises to upgrade the level of automation, flexibility and intelligence. It will utilize its rich resources and experience in urban informatization, smart power distribution, smart community and electrical security, to support Shanghai in building a smart city and enable safe and efficient connectivity. Relying on its advanced technology in clean energy such as wind and solar, ABB will also help Shanghai improve the utilization of green energy, integrated energy services and digital operation of energy assets.
In the fields of transport and infrastructure, ABB will support the rapid development of new electric vehicles (EV) and the construction of a green charging ecosystem in Shanghai with its technical advantages in EV charging, renewables, energy storage and microgrids. Earlier this year, ABB provided 10 Terra 63Z DC fast chargers for a pilot project, jointly established by BP and 66iFuel, opened in the Jiading District, Shanghai. The Terra 63Z DC fast chargers, having an output of 60kW and equipped with ABB Ability™ Connected Services, can diagnose more than 90% of the service cases remotely, solving over 60% of these cases without any on-site intervention, greatly improving the operating efficiency and uptime of charging piles. In 2019, ABB announced the intention to acquire Chargedot. The Shanghai-based company supplies AC and DC charging stations, as well as the necessary software platform to a range of customers, including EV manufacturers, EV charging network operators and real estate developers.
