Porsche Automobil Holding SE (Porsche SE) has invested around 525 million Swiss francs (approx. $577 million) in ABB E-mobility Holding AG (ABB E-mobility).

ABB has been active in the e-mobility market since 2010 and today has sold over a million EV chargers in more than 85 countries. With more than 50,000 DC charging stations sold, the company says it has the largest installed base of fast chargers on the market. In addition to charging stations for electric vehicles, the product portfolio of ABB E-mobility also includes lifecycle management services and software solutions for the planning and operation of electrified vehicle fleets.