Blink Charging Establishes Global Corporate Headquarters And Announces Expansion Of Manufacturing Facility In Bowie, Maryland
Portfolio Pulse from Benzinga Newsdesk
Blink Charging Co. (NASDAQ:BLNK) announced the establishment of its global corporate headquarters and a new manufacturing facility in Bowie, Maryland. The new 15,000 square-foot headquarters and a 30,000 square-foot LEED Gold-certified production facility aim to increase manufacturing capacity to over 50,000 EV charging units annually, up from 15,000. This expansion supports Blink's commitment to sustainable transportation and the increasing demand for EV charging infrastructure. The move also includes the creation of the Blink Center of Charging Excellence, featuring vehicle interoperability testing, charger certification, and advanced R&D capabilities.
March 11, 2024 | 2:35 pm
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Blink Charging's establishment of a new global HQ and manufacturing facility in Maryland is set to significantly increase its production capacity for EV charging units, reinforcing its commitment to sustainable transportation and innovation.
The establishment of a new headquarters and manufacturing facility by Blink Charging is a significant development that directly impacts the company's operational capacity and market position. By increasing the production capacity to over 50,000 units annually, Blink is poised to meet the growing demand for EV charging infrastructure. This expansion, coupled with the strategic location in Maryland close to Washington, D.C., and the focus on sustainable and innovative practices, positions Blink favorably in the rapidly evolving EV charging market. The positive sentiment surrounding this expansion and the company's commitment to sustainability is likely to have a favorable impact on investor perception and stock performance in the short term.
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