Blink Charging Co. (BLNK) reported disappointing third-quarter financial results, missing revenue estimates and revising its fiscal 2024 outlook downward. The company’s stock tumbled over 8% in premarket trading on Friday. While service revenue showed growth, product revenue declined significantly, and the company expects to reach profitability later than initially anticipated.
ChargePoint Holdings, Inc. (CHPT) has launched a new cloud plan, ChargePoint Essential, which offers a more affordable alternative to standard cloud subscriptions for EV charging stations. This plan features a driver-funded software fee and aims to lower barriers to entry for charging infrastructure deployment.
Schneider Electric introduces the Schneider Charge Pro Level 2 AC Commercial Electric Vehicle Charger, a comprehensive solution for businesses seeking to adopt electric vehicle charging infrastructure. This innovative charger boasts advanced features, simplified installation, and integrated support, ensuring seamless charging experiences for both fleet operators and EV drivers.
Blink Charging Co. (BLNK) announced that its CEO, Brendan Jones, will retire in January 2025 after five years with the company. COO Michael Battaglia will succeed Jones as CEO, while Jones will remain on the board and as an advisor until July 2025. The announcement comes as Blink reported weaker-than-expected second-quarter results, including a revenue miss and a lowered full-year guidance.
Volkswagen and Noodoe proudly announce the launch of Volkswagen’s high-speed electric vehicle (EV) charging network. The first of the upcoming 360kW DC fast charging stations has been unveiled, powered by Noodoe’s industry-leading EV OS. The network offers ultra-fast charging with an impressive 98% uptime, ensuring unmatched reliability. The cloud-based system automates station management, payment processing, and repairs, streamlining the charging experience for drivers and making electric mobility more convenient and accessible.
Mercedes-Benz has unveiled its first branded charging hub, offering a comprehensive and convenient charging experience for electric vehicle owners. With ample space, covered charging options, and amenities such as food and bathrooms, this hub aims to address the common challenges faced by EV drivers. The chargers are reliable, easy to operate, and provide fast charging speeds. This hub is a significant step towards enhancing the EV ownership experience and sets a high standard for future charging networks.
