Eaton Gets Into EV Charging Through Japanese Collaboration

Eaton Corporation (NYSE: ETN) announced that it will collaborate with Takaoka Electric Manufacturing Company, Ltd. to develop and launch DC Quick Chargers, a key component in the charging of electric vehicle (EV) battery packs.

The collaboration will enable Eaton to provide a line of charging stations across residential, commercial and industrial applications in North America.

Eaton already has expertise in other markets that use free-standing electrical
charging, including truck-stop electrification, ports, marinas,
recreational vehicles, government, and major public-sector

Tokyo-based Takaoka Electric is involved in the installation and
operation of EV chargers.

Eaton’s global electrical product lines include Cutler-Hammer®,
Moeller®, Powerware®, Holec®, MEM®, Santak®, and MGE Office Protection

The company has approximately 70,000 employees and sells
products to customers in more than 150 countries.

Eaton’s competition in EV charging includes GE (NYSE: GE) ECOtality and Coulomb Technologies in the US.

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