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Share Name | Share Symbol | Market | Type |
---|---|---|---|
ABB Ltd | NYSE:ABB | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 37.13 | 0 | 01:00:00 |
By Joshua Stein
ABB Ltd. said Thursday that its robotics and automation solutions will be used at a factory belonging to Indian scooter company Ola Electric Mobility Pvt Ltd.
The Swiss engineering company said its automation solutions will be used in the scooter factory's key manufacturing process lines, which include painting and welding, while ABB's robots will be used for the battery and motor assembly lines.
The factory, which will have an initial annual capacity of 2 million units, is expected to be operational in the coming months, ABB said. The company did not disclose the financial terms of the contract.
Write to Joshua Stein at joshua.stein@wsj.com
(END) Dow Jones Newswires
February 11, 2021 03:30 ET (08:30 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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