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


FILE PHOTO: The logo of Swiss power technology and automation group ABB is seen at a plant in Baden, Switzerland January 28, 2019. REUTERS/Arnd Wiegmann/File Photo

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.

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