Blink Charging Adopts North America Charging Standard Into Entire Product Line
Portfolio Pulse from Shivani Kumaresan
Blink Charging Co (NASDAQ:BLNK) plans to incorporate the North America Charging Standard (NACS) and Combined Charging System (CCS) into its charging products line. The company will start producing NACS DCFC chargers by October 2023 and will also include NACS in its Level 2 chargers, which account for about 90% of EV charging use in the U.S. The company's shares are trading higher by 2.9% at $5.51.
June 28, 2023 | 3:45 pm
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POSITIVE IMPACT
Blink Charging's decision to incorporate NACS and CCS into its product line could potentially increase its market share in the EV charging sector. The company's shares are currently trading higher.
The incorporation of NACS and CCS into Blink Charging's product line is a strategic move that could potentially increase its market share in the EV charging sector. This is likely the reason behind the increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100