The charging operator ABB is forced to scrap charging stations worth 330 million Danish kroner. There is no one who wants to buy them.
48 million dollars or the same as 320 million Danish kroner.
This is what the charging operator ABB has to write off and scrap charging stations for at the moment. However, it is not because the charging stations are faulty.
Instead, it is all linked to a total loss of 87 million dollars in the subsidiary E-mobility. Here, in the second quarter, they had to dismiss employees in expensive rounds of layoffs, and recognize that the outdated charging stations are difficult to sell.
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In charging stations alone, E-mobility has had to write off 48 million dollars. According to the Swedish media NU, ABB has not disclosed how many chargers are killed.
The news of the gigantic loss has put ABB's plans for a stock market listing of E-mobility on hold. The same applies to any sale of the business.
Despite the massive depreciation in the charging stand part of the business, Swedish-Swiss can note that the overall operating margin exceeded market expectations. However, this did not make the same market react positively to the news of the loss in E-mobility.
In the course of the past week alone on the stock exchange in Stockholm, the ABB share has declined by more than 6.7 percent.
ABB are not the only ones in a stock market slump at the moment. The car brands are also struggling. At the Chinese Polestar, you have huge problems just keeping the rate above 1 dollar.
The very low price has meant that the car brand has received yet another warning of expulsion from the stock exchange in New York, where it is listed. Read more about it here .
Read more exciting news from and about the world of cars right here
