ZURICH : ABB's E-mobility business wants to spend $750 million on expanding its operations after its flotation later this year, the company said on Thursday.
It expects to increase its revenues by 40-45per cent this year after posting sales of $323 million in 2021, the company said ahead of its capital markets day. "We are perfectly aligned to the current E-mobility trends and see massive market opportunities driven by the global electrification and digitalization agendas of countries, corporations and individuals," Chief Executive Frank Muehlon said in a statement.
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