Welcome to our dedicated page for Blink Charging Co. news (Ticker: BLNK), a resource for investors and traders seeking the latest updates and insights on Blink Charging Co. stock.
Blink Charging Co. (NASDAQ: BLNK, BLNKW) is a prominent leader in the public electric vehicle (EV) charging sector in the United States. Headquartered in Florida, with additional offices in Arizona and California, Blink Charging is dedicated to accelerating the adoption of public EV charging. The company provides a range of EV charging equipment and connectivity solutions through its cloud-based Blink Network, which operates, manages, and tracks Blink EV charging stations and all associated data.
Blink Charging caters to a wide array of property partners, including multifamily residential complexes, commercial properties, airports, colleges, municipalities, parking garages, shopping malls, retail parking areas, schools, and workplaces. This diverse presence ensures that EV drivers can easily recharge their vehicles at a variety of convenient locations.
The company’s core business revolves around the sale and distribution of EV charging equipment and the revenues generated from customers and property partners who utilize equipment connected to its network. Blink Charging not only sells and installs charging stations but also offers a comprehensive suite of services to maintain and optimize their operation.
One of Blink Charging’s recent achievements includes the initial steps to provide twelve chargers at a high-volume sorting center in Rugby, UK. This marks a significant step in expanding their footprint beyond the United States. Additionally, the company has introduced Blink Care, an optional maintenance program designed to minimize charger downtime and enhance the overall charging experience for users.
Blink Charging’s strategic vision is further evidenced by its selection as one of the EV charging providers designated to support a more sustainable future by expanding charging infrastructure. Financially, Blink Charging maintains a robust position, with substantial proceeds from recent initiatives aimed at bolstering its market presence.
Blink Charging Co. (NASDAQ: BLNK, BLNKW) announced a program to upgrade first-generation EV charging equipment to its latest IQ 200 model. This initiative aims to improve EV charging infrastructure and enhance user experience at host locations. As part of a new multi-year revenue-sharing agreement, existing hosts can replace their aging equipment with the state-of-the-art 80-amp IQ 200 units, which offer faster charging capabilities. Blink has already upgraded 884 charging stations, reinforcing its commitment to operational improvements and a better experience for EV drivers.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) issued a statement on Aug. 20, 2020, addressing false reports intended to manipulate its stock price downward. The company categorically denies the allegations and states these claims have adversely impacted its stock. Blink is taking legal action against the authors and sponsors of these reports and has engaged the Ashcroft Firm for investigation. Investors are advised to rely on Blink's public filings for accurate information regarding the company.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) has announced a significant redesign of its member and host services within the Blink Network, aiming to improve user experience and mobile accessibility. The updated portal features enhanced functionalities, including multi-level pricing options for employers and a streamlined website design that caters to various user groups, from EV drivers to investors. Additionally, Blink introduces a new Pro membership for over 180,000 members, offering exclusive charging rates. This initiative reflects Blink’s commitment to enhancing its digital presence and services for electric vehicle users.
Blink Charging Co. (Nasdaq: BLNK) has signed a two-year interoperability agreement with SemaConnect, enhancing EV charging accessibility. Starting in 2021, the agreement allows users to access over 15,000 charging units without needing multiple accounts. This partnership aims to boost range confidence for users by creating a more connected charging infrastructure. Blink's COO emphasized the importance of interoperability in building a comprehensive EV charging network, while SemaConnect's CEO expressed excitement about increased options for customers.
Blink Charging Co. (Nasdaq: BLNK) announced a partnership with Cushman & Wakefield to market and potentially deploy Blink charging stations, including the Blink IQ 200, across the U.S. Cushman & Wakefield will use its extensive brokerage network to promote these stations at their commercial properties, which presents a significant channel for Blink's sales. The Blink IQ 200 units are recognized as fast-charging solutions, providing up to 65 miles of charge in an hour. This collaboration aims to enhance EV charging accessibility and contribute to sustainable transportation solutions.
Blink Charging Co. (Nasdaq: BLNK) will report its second quarter 2020 financial results on August 13, 2020, after market close. The company will hold a conference call at 4:30 p.m. ET to discuss these results. Investors can access the live webcast through the Blink Charging website or by phone. A replay will be available until September 13, 2020. Blink Charging operates over 23,000 EV charging stations and is well-positioned to benefit from the projected increase in global EV purchases, which are expected to rise to 10 million by 2025.
Blink Charging Co. (Nasdaq: BLNK) announced the appointment of Michael C. Battaglia as Vice President of Sales, effective immediately. Battaglia brings over 25 years of automotive and technology experience, previously serving as Vice President of Sales for the Global Automotive Division at J.D. Power. His extensive knowledge and connections in the automotive sector are expected to strengthen Blink’s growth and global expansion efforts. The company has deployed over 23,000 charging stations worldwide and seeks to capitalize on the increasing demand for electric vehicle infrastructure.
Blink Charging Hellas, a partnership between Blink Charging Co. and Eunice Energy Group, has collaborated with Nissan Nik. I. Theocharakis S.A. to enhance e-mobility in Greece. This strategic alliance will establish a charging infrastructure at Nissan locations and among authorized dealerships across the country, providing home EV chargers with exclusive pricing for Nissan customers. Both companies aim to foster sustainable mobility and expand Blink's international footprint. The partnership is expected to drive investments that support green growth and contribute positively to the economy.
Blink Charging Co. (Nasdaq: BLNK) and EnerSys (NYSE: ENS) have formed a Memorandum of Understanding to develop advanced DC fast charging systems with integrated battery storage for electric vehicles. This collaboration aims to combine EnerSys’ patented energy transfer technology with Blink’s wireless charging innovations, creating efficient charging solutions. The next-generation systems will feature a modular design with 100-500 kW output, supporting the burgeoning EV infrastructure market projected to reach USD $140 billion by 2030. Blink's CEO emphasizes innovation for a seamless EV charging experience.
Blink Charging Co. (NASDAQ: BLNK) has installed a dual 80 Amp IQ 200 charging station at Fort George Brewery in Astoria, OR. This installation supports local green initiatives and is backed by a grant from Pacific Power, which funds up to 100% of eligible EV charging equipment costs for non-residential customers. The IQ 200 stations charge at up to 19.2 kW, reducing charging times. With nearly 400 Blink chargers in Oregon, this addition reinforces Blink's role in expanding EV infrastructure as demand for electric vehicles grows.
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