Wallbox And Osprey Partner To Expand Reliable Public Charging In The UK
Portfolio Pulse from Benzinga Newsdesk
Wallbox N.V. (NYSE:WBX) has announced a strategic partnership with Osprey, a leading rapid EV charging network in the UK. The partnership will begin with the installation of 125 of Wallbox's Supernova DC rapid chargers at Osprey's low-voltage connection stations. The collaboration aims to expand the Osprey network and improve charge point availability and reliability, which are crucial for consumer confidence in switching to electric vehicles.
November 06, 2023 | 1:18 pm
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Wallbox's partnership with Osprey to expand the EV charging network in the UK could potentially increase the company's market share and revenue in the region. The installation of 125 Supernova DC rapid chargers is a significant step in this direction.
The partnership with Osprey, a leading rapid EV charging network in the UK, provides Wallbox with an opportunity to expand its presence and increase its market share in the region. The installation of 125 Supernova DC rapid chargers at Osprey's stations will likely enhance Wallbox's product visibility and usage, potentially leading to increased revenue. This news is highly relevant and important for Wallbox and could positively impact its stock price in the short term.
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