ChargePoint Launches Updated Mobile App To Celebrate the EV Charging Network Reaching One Million Quarterly Active Drivers
Portfolio Pulse from Benzinga Newsdesk
ChargePoint (NYSE:CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), announced that it has reached one million quarterly active drivers on its network. To celebrate this milestone, the company has launched a major update to its driver app, which is used by millions of drivers to find, charge, and pay for their EV fueling. In the United States, two million EV drivers have used a ChargePoint account to start a charge, representing approximately half of US EV drivers.
November 08, 2023 | 1:07 pm
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POSITIVE IMPACT
ChargePoint's announcement of reaching one million quarterly active drivers and the launch of a major app update could potentially boost its stock in the short term. The company's network is used by approximately half of US EV drivers, indicating a strong market presence.
The news of ChargePoint reaching one million quarterly active drivers and launching a major app update is directly related to the company and its operations. This could potentially attract more investors and boost the company's stock in the short term. The fact that approximately half of US EV drivers use ChargePoint's network indicates a strong market presence, which could further strengthen investor confidence in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100