- ABB Ltd (NYSE:ABB) partners with PACCAR Inc (NASDAQ:PCAR) to provide PACCAR dealers and customers with a range of advanced charging solutions (up to 350 kW) across fleet operations in North America and Europe. Financial terms not disclosed.
- The partnership will increase operating efficiency and sustainability for PACCAR's dealer network of 2,265 locations in more than 100 countries.
- "Like PACCAR, ABB sees tremendous opportunity in electrifying the trucking industry and is committed to delivering safe, smart and sustainable electrification solutions for fleet charging," said Frank Muehlon, President of ABB's E-mobility division.
- Price Action: ABB shares are trading higher by 2.43% at $35.79 and PCAR up by 1.32% at $94.90 on the last check Wednesday.
