Mentech Expands Its EV Charging Reach With Majority Stake in ChargeDot

Mentech Expands Its EV Charging Reach With Majority Stake in ChargeDot

Aug 4, 2025 – Dongguan, China & Zurich, Switzerland –

Dongguan Mentech Optical & Magnetic Co., Ltd. (SZSE: 002902.SZ) has reached a major milestone in its growth strategy by signing an agreement to buy 60% of ChargeDot, the AC home and workplace charging business of ABB E-mobility. ABB will hold on to the remaining 40%, creating an ongoing partnership designed to boost ChargeDot’s future growth. The deal is awaiting regulatory approvals and is expected to close in the fourth quarter of 2025.

Why This Matters

The electric vehicle market is booming, and reliable charging infrastructure is more important than ever. This transaction gives Mentech direct access to world-class AC charging technology and an experienced team, while ABB E-mobility doubles down on its strongest area: high-power and ultra-high-power DC charging solutions for depots, fleets, public stations and destination sites.

Mentech’s Perspective

For Mentech, the purchase of a controlling stake in ChargeDot is more than just an acquisition—it’s a step change. “This is a transformative move,” said Anson Yang, Chairman and CEO of Mentech. “We’re gaining cutting-edge AC charging technology, a skilled management team, and ABB E-mobility’s established sales channels in Europe and North America. Together we can drive the next wave of home and workplace charging solutions in China and beyond.”

With its strong manufacturing base and deep knowledge of the local market, Mentech is positioning ChargeDot to take advantage of China’s rapidly growing EV market and speed up international expansion.

ABB E-mobility’s Strategy

ABB E-mobility, a global leader in EV charging, sees this transaction as a way to focus its resources where it has the biggest impact. “ChargeDot has delivered excellent results in China and internationally since its launch,” said Michael Halbherr, CEO of ABB E-mobility. “By working with Mentech, a proven leader in electrification, we’re making sure ChargeDot keeps thriving while we concentrate on innovating and developing high-power and ultra-high-power DC charging for depots, fleets and public EV charging.”

ABB E-mobility will retain a significant minority share to ensure ChargeDot continues to benefit from ABB’s technology and worldwide distribution network. This means multinational customers will still enjoy seamless access to ChargeDot’s products and support.

Key Points of the Deal

● Strategic fit – Mentech expands its product lineup in the fast-growing AC charging space, while ABB E-mobility sharpens its focus on high-power DC charging systems.

● Ongoing collaboration – ABB E-mobility keeps a 40% stake in ChargeDot and continues to offer its international sales channels, especially in Europe and North America.

● Room to grow – Backed by Mentech’s manufacturing strength and market insight, ChargeDot is well placed to meet rising demand for home and workplace EV charging in China and abroad.

China International Capital Corporation (CICC) is acting as ABB E-mobility’s exclusive financial advisor for the deal.

About ABB E-mobility

ABB E-mobility helps shape a cleaner, more efficient future of transportation. The company works with leading EV makers, charging network operators and fleet managers worldwide. Its portfolio spans everything from fast chargers for highway stations to fleet electrification solutions for buses and trucks. With about 1,400 employees across the globe, ABB E-mobility has delivered more than 68,000 high-power chargers and electrified over 10,500 sites worldwide.

About Dongguan Mentech Optical & Magnetic

Founded in 2008, Mentech is a leading Chinese provider of electronic components and system solutions. It focuses on four core areas: new energy, intelligent in-vehicle systems, high-speed communication, and artificial intelligence applications. Guided by the principle “customer-centric, technology-driven,” Mentech is building an open industrial ecosystem by integrating resources across the supply chain.

The Big Picture

This deal creates a win-win scenario. Mentech gains cutting-edge AC charging expertise and a global sales footprint. ABB E-mobility streamlines its focus on high-power DC charging, where demand from fleets and public infrastructure is surging. And for EV drivers, especially in China, it promises more accessible and reliable charging options at home and at work—helping to accelerate the transition to sustainable mobility worldwide.

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