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    ABBN   CH0012221716


Delayed Quote. Delayed Swiss Exchange - 12/06 11:31:43 am
33.24 CHF   +2.56%
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ABB : and AWS drive electric fleet performance

10/26/2021 | 04:06am EST
  • ABB expands its electric fleet management offering with the launch of the new 'PANION Electric Vehicle Charge Planning' solution
  • For the real-time management of EV fleets and charging infrastructure
  • Making it easier to monitor energy usage monitoring and schedule charging

ABB's digital e-mobility venture, PANION, and Amazon Web Services (AWS) are launching the test phase of their first jointly developed, cloud-based solution, 'PANION EV Charge Planning'. Designed for the real-time management of electric vehicle (EV) fleets and charging infrastructure, the solution makes it easier for operators to monitor energy usage and schedule charging across their fleets.

With the number of electric cars, buses, vans, and heavy trucks on the road expected to hit 145 million globally by 2030, the pressure is on to improve global charging infrastructure1. In response, ABB is developing technical infrastructure to offer a platform as a service (PaaS). This provides a flexible base for both 'PANION EV Charge Planning' and other software solutions for fleet operators.

"The transition to electric vehicle fleets still presents operators with a number of new challenges," says Markus Kröger, founder and CEO at PANION. "Our mission is to support this transformation with innovative solutions. By working with AWS and leveraging the expertise of our market-leading parent, ABB, we today unveil 'PANION EV Charge Planning.' This modular software solution helps fleet managers to make their e-fleet as reliable, cost-efficient, and time saving as possible."

In March 2021, ABB and AWS announced their collaboration focused on electric fleets. The new 'PANION EV Charge Planning' solution combines ABB's experience in energy management, charging technology and e-mobility solutions with Amazon Web Service's cloud development experience. Software from other third-party providers often offers only limited functionality to fleet operators and lacks flexibility regarding different vehicle models and charging stations. This new alternative provides a scalable, secure, and easily customizable software solution, combined with easy-to-manage hardware, to make EV fleet management more efficient and maximize reliability.

"The reliability and efficiency of electric vehicle fleets are integral to achieving a sustainable future," said Jon Allen, Director of Automotive Professional Services at Amazon Web Services. "Together, ABB, PANION, and AWS are making the possibility of an EV future tangible. We will continue to innovate to help that vision unfold successfully and secure the transition to lower emissions."

The new 'PANION EV Charge Planning' beta version integrates several unique features, which aim to create an all-in-one solution for fleet operators when it launches fully in 2022.

Key benefits include a 'Charge Planning Algorithm' feature, which helps to reduce operating and energy costs while ensuring business continuity. The 'Charge Station Management' feature allows the platform to connect to and communicate with charging stations to schedule, execute, and adapt charging sessions. This is completed by a 'Vehicle Asset Management' feature providing all the relevant real-time telemetry data to the system and an 'Error Handling and Task Management' module to trigger actionable tasks for tackling unplanned events and errors within the charging operations that need human interaction on the ground, on-time.

Frank Mühlon, President of ABB's E-mobility division, said: "In the short time since we started our collaboration with AWS, we have made great progress. We are delighted to enter the test phase with our first product. Thanks to AWS' expertise in software development and its leadership in cloud technology, we can offer a hardware-independent, intelligent solution that makes it much easier for operators to have confidence and manage their e-fleets. It will provide fleet teams with a steady stream of innovative and secure services, which will continue to evolve as we work in partnership with our customers."


ABB (ABBN: SIX Swiss Ex) is a leading engineering company energetically driving the transformation of society and industry worldwide towards a more productive and sustainable future. By combining its portfolio in electrification, robotics, automation and motion with software, ABB defines the boundaries of what is technologically possible, enabling new levels of excellence. ABB has a successful history spanning more than 130 years. The company's success is based on the talent of its 105,000 employees in more than 100 countries. www.abb.com


PANION is a corporate startup of the leading technology company ABB with a focus on intelligent, cloud-based management of electric fleets. The Berlin-based company was founded on the conviction that innovative and sustainable mobility and transport solutions are the keys to a clean and green future. Working closely with ABB and partners such as Amazon Web Services (AWS), an Amazon.com, Inc. company, it develops solutions that integrate the benefits of the cloud into the field of electromobility and ultimately enable the transition towards a lower-emission future. www.panion.org


ABB Ltd. published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 08:05:04 UTC.

ę Publicnow 2021
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Financials (USD)
Sales 2021 28 986 M - -
Net income 2021 4 285 M - -
Net Debt 2021 1 158 M - -
P/E ratio 2021 16,8x
Yield 2021 2,45%
Capitalization 71 510 M 71 551 M -
EV / Sales 2021 2,51x
EV / Sales 2022 2,36x
Nbr of Employees 105 000
Free-Float 84,1%
Duration : Period :
ABB Ltd Technical Analysis Chart | ABBN | CH0012221716 | MarketScreener
Technical analysis trends ABB LTD
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 35,90 $
Average target price 37,11 $
Spread / Average Target 3,37%
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Managers and Directors
Bj÷rn Klas Otto Rosengren Chief Executive Officer
Timo J. Ihamuotila Chief Financial Officer
Peter R. Voser Chairman
Jacob Wallenberg Vice Chairman
David Edward Constable Independent Non-Executive Director
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