Why Blink Charging (BLNK) Stock Is Popping Off
Portfolio Pulse from Henry Khederian
Blink Charging (BLNK) shares are up 7.55% after announcing plans to introduce a North American Charging Standard (NACS) connector option for its products. The company's DC fast charger, supporting both NACS and CCS connectors, is in the final stages of design. This follows GM and Tesla's collaboration to integrate NACS connectors into GM's EVs starting in 2025.
June 12, 2023 | 5:00 pm
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Blink Charging shares are up 7.55% after announcing plans to introduce a NACS connector option for its products, following GM and Tesla's collaboration to integrate NACS connectors into GM's EVs.
Blink Charging's announcement to introduce a NACS connector option for its products is a positive development for the company, as it aligns with GM and Tesla's collaboration to integrate NACS connectors into GM's EVs starting in 2025. This could potentially increase the demand for Blink Charging's products and services, leading to a positive short-term impact on its stock price.
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