ABB launches world's fastest charger to plug into surging e-car market

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By John Revill
ZURICH (Reuters) -ABB has launched the world's fastest electric car charger, the Swiss engineering company said on Thursday, to plug into the booming demand for electric cars made by Tesla, Hyundai and other automakers.
The company is launching the new Terra 360 modular charger as it presses ahead with plans to float its electric vehicle (EV) charging business, which could be valued around $3 billion.
The device can charge up to four vehicles at once, and can fully charge any electric car within 15 minutes, ABB said, making it attractive to customers worried about charging times which can run to several hours.
"With governments around the world writing public policy that favours electric vehicles and charging networks to combat climate change, the demand for EV charging infrastructure, especially charging stations that ...


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