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ChargePoint Eliminates EV Charging Connector Confusion with Omni Port Adaptable Charging Solution

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ChargePoint (NYSE: CHPT) has introduced ChargePoint® Omni Port, an innovative EV connector solution that allows any electric vehicle to charge in any parking space, regardless of connector type. This technology eliminates the need for drivers to carry adapters and for site hosts to dedicate spaces to specific connector types. Omni Port combines the most common connector types into one charging port, supporting both Tesla and non-Tesla vehicles.

The solution will be incorporated into select ChargePoint AC and DC charging stations at no additional cost, offering a frictionless charging experience. Drivers can simply enter their vehicle details in the ChargePoint app or select the correct connector on the charger screen. Omni Port is designed to support all vehicle makes, including those with 800-volt architecture, ensuring maximum charging speeds.

ChargePoint (NYSE: CHPT) ha lanciato il ChargePoint® Omni Port, una soluzione innovativa per i connettori EV che consente a qualsiasi veicolo elettrico di ricaricarsi in qualsiasi spazio di parcheggio, indipendentemente dal tipo di connettore. Questa tecnologia elimina la necessità per i conducenti di portare adattatori e per i titolari dei siti di dedicare spazi a tipi di connettori specifici. Omni Port combina i tipi di connettori più comuni in una sola porta di ricarica, supportando sia veicoli Tesla che non Tesla.

La soluzione sarà integrata in alcune stazioni di ricarica ChargePoint AC e DC senza costi aggiuntivi, offrendo un'esperienza di ricarica senza attriti. I conducenti possono semplicemente inserire i dettagli del loro veicolo nell'app ChargePoint o selezionare il connettore corretto sullo schermo del caricatore. Omni Port è progettato per supportare tutti i marchi di veicoli, inclusi quelli con architettura a 800 volt, garantendo velocità di ricarica massime.

ChargePoint (NYSE: CHPT) ha presentado el ChargePoint® Omni Port, una solución innovadora de conectores EV que permite que cualquier vehículo eléctrico se cargue en cualquier espacio de estacionamiento, independientemente del tipo de conector. Esta tecnología elimina la necesidad de que los conductores lleven adaptadores y de que los anfitriones del sitio dediquen espacios a tipos de conectores específicos. Omni Port combina los tipos de conectores más comunes en un solo puerto de carga, soportando tanto vehículos Tesla como no Tesla.

La solución se incorporará a selectas estaciones de carga ChargePoint AC y DC sin costo adicional, ofreciendo una experiencia de carga sin fricciones. Los conductores pueden simplemente ingresar los detalles de su vehículo en la aplicación ChargePoint o seleccionar el conector correcto en la pantalla del cargador. Omni Port está diseñado para soportar todas las marcas de vehículos, incluidos aquellos con arquitectura de 800 voltios, asegurando velocidades de carga máximas.

ChargePoint (NYSE: CHPT)는 ChargePoint® Omni Port를 출시했습니다. 이는 모든 전기차가 어떤 주차 공간에서도 충전할 수 있게 해주는 혁신적인 EV 커넥터 솔루션입니다. 이 기술은 운전자가 어댑터를 가지고 다닐 필요와 사이트 주인이 특정 커넥터 타입에 전용 공간을 마련할 필요를 없애줍니다. Omni Port는 가장 일반적인 커넥터 타입을 하나의 충전 포트로 통합하여 Tesla와 비Tesla 차량을 모두 지원합니다.

이 솔루션은 추가 비용 없이 선택된 ChargePoint AC 및 DC 충전소에 통합될 예정이며, 마찰 없는 충전 경험을 제공합니다. 운전자는 ChargePoint 앱에 차량 정보를 입력하거나 충전기 화면에서 올바른 커넥터를 선택하면 됩니다. Omni Port는 800볼트 아키텍처를 가진 차량을 포함한 모든 차량 브랜드를 지원하도록 설계되어, 최대 충전 속도를 보장합니다.

ChargePoint (NYSE: CHPT) a lancé le ChargePoint® Omni Port, une solution de connecteur EV innovante qui permet à n'importe quel véhicule électrique de se charger dans n'importe quel espace de stationnement, quel que soit le type de connecteur. Cette technologie élimine la nécessité pour les conducteurs de transporter des adaptateurs et pour les hôtes de site de dédier des espaces à des types de connecteurs spécifiques. Omni Port combine les types de connecteurs les plus courants en un seul port de charge, prenant en charge à la fois les véhicules Tesla et non-Tesla.

La solution sera intégrée dans certaines stations de charge ChargePoint AC et DC sans coût supplémentaire, offrant une expérience de charge sans friction. Les conducteurs peuvent simplement entrer les détails de leur véhicule dans l'application ChargePoint ou sélectionner le bon connecteur sur l'écran du chargeur. Omni Port est conçu pour prendre en charge toutes les marques de véhicules, y compris ceux avec une architecture de 800 volts, garantissant des vitesses de charge maximales.

ChargePoint (NYSE: CHPT) hat den ChargePoint® Omni Port vorgestellt, eine innovative EV-Stecker-Lösung, die es jedem Elektrofahrzeug ermöglicht, an jedem Parkplatz zu laden, unabhängig vom Steckertyp. Diese Technologie beseitigt die Notwendigkeit für Fahrer, Adapter mitzunehmen, und für Standortbetreiber, Plätze für bestimmte Steckertypen zu reservieren. Omni Port kombiniert die gebräuchlichsten Steckertypen in einem Ladeanschluss und unterstützt sowohl Tesla- als auch Nicht-Tesla-Fahrzeuge.

Die Lösung wird ohne zusätzliche Kosten in ausgewählte ChargePoint AC- und DC-Ladestationen integriert und bietet ein reibungsloses Ladeerlebnis. Fahrer können einfach die Details ihres Fahrzeugs in der ChargePoint-App eingeben oder den richtigen Stecker auf dem Bildschirm des Ladegeräts auswählen. Omni Port ist so konzipiert, dass er alle Fahrzeugmarken unterstützt, einschließlich solcher mit 800-Volt-Architektur, um maximale Ladegeschwindigkeiten zu gewährleisten.

Positive
  • Introduction of Omni Port technology, solving EV connector compatibility issues
  • No additional cost for Omni Port feature in applicable ChargePoint chargers
  • Supports both Tesla and non-Tesla vehicles, expanding market reach
  • Compatible with 800-volt architecture, ensuring maximum charging speeds
  • Can be retrofitted onto existing ChargePoint CP6000 and Express Plus Power Link 2000 models
Negative
  • Retrofit costs for existing chargers not specified

Insights

ChargePoint's Omni Port is a game-changing innovation for the EV charging landscape. By combining multiple connector types into one port, it addresses a major pain point for both EV drivers and charging station operators. This solution could significantly reduce infrastructure costs and improve charging accessibility, potentially accelerating EV adoption.

However, the timing is crucial. With the industry moving towards standardization (e.g., Tesla opening its network), Omni Port's long-term relevance might be questioned. Still, it offers an elegant interim solution for the 5.5 million existing EVs with various connector types, positioning ChargePoint as an adaptive market leader.

Investors should note that while this innovation could boost ChargePoint's market share, its impact on immediate revenue is unclear, especially given its inclusion at no additional cost in new chargers.

From a financial perspective, ChargePoint's Omni Port strategy is intriguing but complex. Offering this feature at no additional cost on new chargers could enhance ChargePoint's competitive position and potentially drive higher unit sales. However, this might pressure margins in the short term.

The retrofit option for existing chargers could create a new revenue stream, albeit at a "nominal cost" which suggests profit potential. The real value lies in potential market share gains and increased network utilization, which could drive higher recurring revenue from ChargePoint's software and services.

Investors should monitor how this impacts ChargePoint's unit economics and customer acquisition costs. While innovative, the financial success of this strategy will depend on adoption rates and ChargePoint's ability to monetize increased network traffic.

Omni Port represents a significant technological leap in EV charging infrastructure. Its ability to automatically detect and provide the correct connector type showcases advanced sensor technology and smart software integration. This level of user-friendly automation could set a new industry standard.

The modular design allowing for retrofitting demonstrates ChargePoint's forward-thinking approach to product lifecycle. This not only extends the lifespan of existing hardware but also provides a cost-effective upgrade path for station owners, potentially accelerating adoption.

However, the long-term viability of this technology hinges on the pace of industry standardization. If a single connector type becomes universal sooner than expected, Omni Port could become obsolete. Nonetheless, ChargePoint's demonstrated adaptability suggests they're well-positioned to pivot if needed.

Omni Port Combines Most Common Connector Types into One Charging Port for Tesla and Non-Tesla Drivers Without the Need for Adapters

CAMPBELL, Calif.--(BUSINESS WIRE)-- ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), today announced ChargePoint® Omni Port, an EV connector solution which ensures any EV can charge in any parking space, regardless of its connector type, and without an expensive additional cable. Omni Port eliminates the hassle of carrying an adapter for drivers, negates dedicating parking spaces exclusively to a select connector type and is available at no incremental cost as a standard feature of ChargePoint’s applicable chargers.

ChargePoint introduces ChargePoint® Omni Port, an EV connector solution which ensures any EV can charge in any parking space, regardless of its connector type, and without an expensive additional cable. (Photo: Business Wire)

ChargePoint introduces ChargePoint® Omni Port, an EV connector solution which ensures any EV can charge in any parking space, regardless of its connector type, and without an expensive additional cable. (Photo: Business Wire)

“Across hardware and software, ChargePoint is bringing to market innovative solutions that ensure all drivers who need to charge are able to do so,” said Rick Wilmer, CEO of ChargePoint. “With Omni port, ChargePoint solved the challenges associated with a multiple connector environment, ensuring Tesla and non-Tesla drivers can continue to expect a world-class driver experience. We are giving drivers and site hosts assurance that ChargePoint will continue to meet all their charging needs now and in the future.”

Omni Port is the only publicly available solution to solve North America’s EV connector confusion across AC and DC charging, enabling drivers of all makes of vehicles to charge at the same station by combining the most prevalent connector types into each charging port. Omni Port ensures public charging ports are future-ready, and designed to support vehicles that are already on the road as well as EVs coming to market. Omni Port will be incorporated into select ChargePoint AC and DC charging stations at no additional cost, making them an obvious choice for new charger installations.

Drivers can expect a frictionless charging experience when using Omni Port, simply needing to enter their vehicle’s make and model into the ChargePoint app, tapping to charge, and allowing the charging station to automatically release the correct connector type. For those who do not use the ChargePoint app, a driver simply selects the correct connector on the charger screen. Omni Port eliminates the hassle of carrying adapters while forming a simpler, more convenient charging experience. Omni Port is designed with all makes of vehicles in mind, built into ChargePoint AC and DC charging architecture featuring cable management that reaches a charge port regardless of its location on the vehicle. There is no need to download any dedicated app if you prefer credit card payment, and Omni Port enables full support for vehicles with 800 volt architecture – ensuring max charging speeds for sustained periods of time.

There are more than 5.5 million EVs on North American roads, of which more than half are equipped with J1772 or CCS1 charging ports. These vehicles will continue needing public charger access for years to come. As automakers attempt to align on a single connector type for the future, these 5.5 million drivers need assurance that they will be able to charge when they need to. Omni port gives drivers and station owners peace of mind by combining these most common connector types into a single solution, meeting EV driver needs without having to dedicate parking spaces to specific connector types.

In addition to availability on new chargers, Omni Port will begin shipping by the end of the year, and can be retrofitted onto ChargePoint CP6000 and Express Plus Power Link 2000 models at a nominal cost. ChargePoint’s modular hardware design allows station owners to upgrade instead of replacing their chargers, swapping minimal components, as quickly as possible. Omni Port is yet another proof point of ChargePoint’s commitment to flexible and innovative design for its customers.

For more information, please visit: www.chargepoint.com.

ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

About ChargePoint Holdings, Inc.

ChargePoint has been an innovator of all things EV charging since 2007, before the first mass market electric vehicle was on the road. ChargePoint offers solutions for the entire EV ecosystem including drivers, charging station owners, vehicle manufacturers and others. Accessible and reliable, ChargePoint’s portfolio of software, hardware, and services enables a seamless experience for drivers across North America and Europe. With ChargePoint, every driver who needs to charge can do so, accessing more than 1 million places to charge globally. ChargePoint has powered more than 10 billion electric miles and will continue to innovate as part of a mission to lower global emissions while improving the future of transportation. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American or European press offices or Investor Relations.

CHPT-IR

ChargePoint

John Paolo Canton

Vice President, Communications

JP.Canton@chargepoint.com

AJ Gosselin

Director, Corporate Communications

AJ.Gosselin@chargepoint.com

media@chargepoint.com

Patrick Hamer

Vice President, Capital Markets and Investor Relations

Patrick.Hamer@chargepoint.com

investors@chargepoint.com

Source: ChargePoint Holdings, Inc.

FAQ

What is ChargePoint's Omni Port and how does it benefit EV drivers?

ChargePoint's Omni Port is an EV connector solution that allows any electric vehicle to charge in any parking space, regardless of its connector type. It benefits drivers by eliminating the need to carry adapters and ensures compatibility across different EV models.

Will ChargePoint (CHPT) charge extra for the Omni Port feature?

No, ChargePoint (CHPT) will incorporate Omni Port into select AC and DC charging stations at no additional cost, making it a standard feature for applicable chargers.

When will ChargePoint's Omni Port be available for use?

ChargePoint's Omni Port will begin shipping by the end of the year and can be retrofitted onto existing ChargePoint CP6000 and Express Plus Power Link 2000 models.

Does ChargePoint's Omni Port support high-voltage EV charging?

Yes, ChargePoint's Omni Port is designed to fully support vehicles with 800-volt architecture, ensuring maximum charging speeds for sustained periods.

ChargePoint Holdings, Inc.

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