STOCK TITAN

ChargePoint Offers Toyota bZ4X Drivers a Seamless Charging Experience at Home and Away

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

ChargePoint (NYSE: CHPT) has partnered with Toyota Motor North America to enhance charging solutions for drivers of the new bZ4X electric SUV. This collaboration aims to provide seamless home and public charging access through ChargePoint's extensive network, covering over 80% of charging spots in North America. bZ4X users can utilize ChargePoint’s Home Flex Level 2 charger for faster residential charging and benefit from dynamic pricing to save on energy costs. The agreement signifies ChargePoint's commitment to expanding EV charging infrastructure and improving driver experiences.

Positive
  • Partnership with Toyota to enhance EV charging solutions.
  • Access to over 80% of charging spots in North America for bZ4X drivers.
  • Home Flex Level 2 charger enables charging up to nine times faster than standard outlets.
Negative
  • None.

Agreement to deliver convenient, integrated charging experience for drivers in North America

CAMPBELL, Calif. & PLANO, Texas--(BUSINESS WIRE)-- ChargePoint (NYSE: CHPT), a leading electric vehicle (EV) charging network, and Toyota Motor North America, Inc. (Toyota) today announced agreements to enable convenient, accessible home and public electric vehicle (EV) charging for drivers of Toyota’s new battery electric bZ4X SUV.

ChargePoint enables convenient, accessible home and public electric vehicle (EV) charging for drivers of Toyota’s new battery electric bZ4X SUV. (Photo: Business Wire)

ChargePoint enables convenient, accessible home and public electric vehicle (EV) charging for drivers of Toyota’s new battery electric bZ4X SUV. (Photo: Business Wire)

“As esteemed automotive brands like Toyota continue to electrify transportation with new models of cars, trucks, SUVs, and fleet vehicles, ChargePoint continues to enable EV charging wherever drivers live, work, and play,” said Pasquale Romano, president and CEO of ChargePoint. “This agreement combines Toyota’s leadership in mobility with our leadership in providing charging everywhere drivers need it, including home and public charging, to provide a seamless, convenient charging experience for bZ4X drivers.”

Leading companies work together to enhance driver experience

Through the agreement, bZ4X drivers will have access to ChargePoint’s industry-leading home and public charging solutions. To ensure drivers can charge wherever they need it, bZ4X drivers will have access to the ChargePoint network of Level 2 and DC fast chargers across North America. The company’s extensive network of charging stations, and roaming partner stations, provides bZ4X drivers access to more than 80% of charging spots in North America.

Drivers can charge up to nine times faster

For residential charging needs, drivers will have the option of purchasing a ChargePoint Home Flex Level 2 charger either from participating Toyota dealerships or directly through ChargePoint online. With the ChargePoint Home Flex connected charger, drivers can charge up to nine times faster than a standard outlet. Using the ChargePoint app, drivers can save money by scheduling charging times when energy is cheapest, track their charging, get charging reminders, and find places to charge through their smartphone.

“We want to instill a feeling of confidence in our bZ4X customers by providing a variety of charging options both at home and away to serve each customer’s unique charging needs and preferences,” said Christopher Yang, vice president of EV Charging Solutions, Toyota Motor North America. “The ChargePoint home charger and public charging network will further enhance our customers’ ownership experience of the bZ4X.”

About ChargePoint

ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. To date, more than 110 million charging sessions have been delivered, with drivers plugging into the ChargePoint network every two seconds or less. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American European press offices or Investor Relations.

About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our more than 1,800 dealerships.

Toyota directly employs more than 48,000 people in North America who have contributed to the design, engineering, and assembly of nearly 43 million cars and trucks at our 13 manufacturing plants. By 2025, Toyota’s 14th North American plant, located in North Carolina, will begin to manufacture automotive batteries for electrified vehicles. Toyota has more electrified vehicles on the road than any other automaker, with electrified vehicles comprising more than a quarter of the company’s 2021 North American sales.

Through the Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society’s most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit www.ToyotaNewsroom.com.

CHPT-IR

Press North America

Jennifer Bowcock

VP, Communications

Jennifer.Bowcock@chargepoint.com

media@chargepoint.com

Investor Relations

Patrick Hamer

VP, Capital Markets and Investor Relations

Patrick.Hamer@chargepoint.com

investors@chargepoint.com

Source: ChargePoint

FAQ

What is the partnership between ChargePoint and Toyota about?

ChargePoint has partnered with Toyota to provide convenient charging solutions for drivers of the new bZ4X electric SUV, including access to home and public charging stations.

How will the partnership benefit bZ4X drivers?

bZ4X drivers will have access to ChargePoint's extensive charging network, covering over 80% of charging spots in North America, and can use the Home Flex Level 2 charger for faster charging.

What advantages does the ChargePoint Home Flex Level 2 charger offer?

The ChargePoint Home Flex charger allows drivers to charge their vehicles up to nine times faster than a standard outlet, enhancing convenience and efficiency.

What is the significance of this collaboration for ChargePoint (CHPT)?

This collaboration with Toyota enhances ChargePoint's market presence and strengthens its position as a leading EV charging network provider.

When was the agreement between ChargePoint and Toyota announced?

The partnership was announced on March 21, 2022.

ChargePoint Holdings, Inc.

NYSE:CHPT

CHPT Rankings

CHPT Latest News

CHPT Stock Data

504.27M
398.19M
1.89%
50.38%
30.04%
Specialty Retail
Miscellaneous Transportation Equipment
Link
United States of America
CAMPBELL