1. Homepage
  2. Equities
  3. Switzerland
  4. Swiss Exchange
  5. ABB Ltd
  6. News
  7. Summary
    ABBN   CH0012221716


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

ABB : “Through technology we're going to leave a better legacy” – Lucas di Grassi on sustainable development

01/21/2022 | 06:12am EDT
  • In the new episode of ABB Decoded, ABB's new ambassador talks about our shared responsibility to create a more sustainable future
  • Di Grassi shares his views on the role of motorsport in driving technlogy and as an inspirational platform
  • Discusses his optimism for the future with latest technological developments such as the Gen3 ABB Formula E car

For the first episode of 2022, Brazilian racing driver Lucas di Grassi joins the ABB Decoded podcast. A new ABB ambassador for Season 8, di Grassi talks about more than just his racing success - such as becoming Formula E champion in the series' third season - to share his views on the benefits of sustainable technology in addressing the climate challenge.

Passionate about the power of sport to draw attention to causes of concern, di Grassi has a vision beyond the confines of his cockpit and a long-standing belief in working collaboratively for the good of humanity.

E-mobility progress

Having been involved in Formula E from the outset, di Grassi has seen first-hand the amazing progress which has been made both on and off the track and the huge change in the e-mobility landscape.

"In 2012, when Formula E really started, very few people talked about EVs and the amount of cars sold were negligible to the overall landscape. In 10 years, we saw complete revolution. Everybody's talking about electric cars and now they represent roughly 10% of sales, with all the major manufacturers already committed to pretty much producing only EV's in a five-to-10-year timeframe."

Motorsport as more than the track action

"I always saw motorsport as something much more than the track. I saw it as a platform for businesses, for public entertainment and as a source of inspiration.

"When Formula E came about, I started to understand that the future was going to be electric and that it was going to have an impact on people's quality of life because of air quality; would create more democratic mobility because it's going to be cheaper to go from point A to B for everybody and was a revolution that was also helping fight climate change. So it really fit the purpose and passion that I have. And for me, it became my life goal to be successful in Formula E and to see Formula E succeeding as well."

Collective responsibility

For di Grassi, his commitment to campaigning around environmental issues comes from ethics and a sense of morality.

"I believe after you've reached your base accomplishments in life - which means you have somewhere to live, enough food, education and health - then you need to create this base for other people that are not there, try to improve society and to move humankind forward. And for me, this is using the technology and know-how of what we do in racing, towards making the world a better place."

Optimism for the future

It is the improvements in technology and infrastructure that have made di Grassi feel optimistic for the future, an example of which will be seen on track from Season 9 with the next generation of Formula E car.

"With the Gen 3 car, the way you can see the technology evolving is amazing, and is a way of showing people how much it has developed while creating emotion. It has more than twice the power, is 100 kilos lighter and has four-wheel-drive. This already completely changes the game - the car will be a monster."

For di Grassi, the inspirational sustainability projects going on around the world, alongside the growing success of a racing series built on promoting e-mobility have given him hope.

"The only way these developments are achieved is through technology. So companies that are involved with Formula E understanding the infrastructure side, like ABB, the technology that is around the vehicles, the charging, the energy that comes to the vehicles, the recyclability of some components - all of this gives me a lot of hope. And definitely it is through technology that we're going to leave a better legacy and a better world for the future generations."

The release of this episode of ABB Decoded comes a week before the start of Season 8 of the ABB FIA Formula E World Championship. The series goes green in Diriyah, Saudi Arabia on January 28th and 29th, where drivers will once again compete at night on a track lit with low-consumption LED technology, powered by fully renewable energy. The 21-turn, 2.495km Diriyah Circuit skirts around the historic town walls of the UNESCO World Heritage site, with a long, energy-draining straight at the end of the lap, making it a true test of strategy.

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB's success is driven by about 105,000 talented employees in over 100 countries. www.abb.com


ABB Ltd. published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 11:11:27 UTC.

© Publicnow 2022
All news about ABB LTD
05:44aABB LTD : Receives a Buy rating from Bernstein
03:58aABB : launches next-generation mine hoist control system drawing on 130 years of expertise
05/23ABB To Supply Automated Paper Testing Solution In Vietnam
05/23ABB : increases Asian automated paper testing footprint with newest solution now in Vietna..
05/22ABB, Siemens Lead $106 Million Fundraising Round By Norwegian Startup Morrow Batteries
05/19ABB LTD : Goldman Sachs maintains a Buy rating
05/19ABB LTD : JP Morgan reaffirms its Neutral rating
05/19ABB SHARE BUYBACKS :  May 12, 2022 - May 18, 2022
05/18Switzerland's ABB Targets Higher Profitability For Process Automation Unit Via Pricing,..
05/18ABB LTD : JP Morgan sticks Neutral
More news
Analyst Recommendations on ABB LTD
More recommendations
Financials (USD)
Sales 2022 30 222 M - -
Net income 2022 2 686 M - -
Net Debt 2022 4 076 M - -
P/E ratio 2022 22,1x
Yield 2022 2,95%
Capitalization 57 987 M 57 987 M -
EV / Sales 2022 2,05x
EV / Sales 2023 1,88x
Nbr of Employees 104 720
Free-Float 82,4%
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 30,06 $
Average target price 35,75 $
Spread / Average Target 18,9%
EPS Revisions
Managers and Directors
Björn 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
Sector and Competitors
1st jan.Capi. (M$)
ABB LTD-16.82%57 987