Embattled Australian EV charge company Tritium scooped up by Indian giant

Only four months after Australian electric vehicle charging pioneer Tritium went into administration, the firm has been purchased by the Dutch subsidiary of an Indian rival, providing hope for a return to manufacturing. Tritium declared itself insolvent in April, calling for an administrator to be appointed just five months after shuttering its Brisbane facility to consolidate manufacturing operations at its Lebanon, Tennessee plant in the US.

” Tritium was founded in 2001 in Brisbane as an engineering consulting firm, and in 2013 introduced its first DC fast charger. By 2020 it had become a leading provider of DC chargers with a claimed 15 per cent global market share, and the backing of coal barons Trevor St Baker and Brian Flannery. The next year saw a successful Nasdaq stock listing, which had Tritium valued at $2 billion.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Australian wine market: Seppeltsfield buys up as Australian Vintage offloads two vineyardsThe ASX-listed producer behind McGuigan and Tempus Two will exit one property in NSW and sell another in South Australia to its privately owned rival.
Fonte: FinancialReview - 🏆 2. / 90 Consulte Mais informação »