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Wallbox N.V. (symbol: WBX) is a trailblazer in the realm of electric vehicle (EV) charging and energy management solutions. The company is dedicated to designing, manufacturing, and distributing smart charging systems that simplify the user experience and promote the adoption of sustainable transportation. Wallbox’s innovative products facilitate seamless communication between users, vehicles, grids, buildings, and chargers, making the EV charging process as straightforward as refueling traditional vehicles.
Wallbox offers a comprehensive portfolio of smart charging solutions tailored for various applications, including residential, business, and public use. Their product range includes Level 2 alternating current (AC) chargers for home and business settings and direct current (DC) fast chargers designed for public use. These solutions are designed to cater to a diverse array of customer needs, ensuring faster and more efficient charging experiences.
Operating across three primary segments—Europe, Middle East, and Asia (EMEA), North America, and Asia-Pacific—Wallbox has established itself as a key player in the EV charging industry. The EMEA region stands out as the company's major revenue generator, underlining its significant influence in the market.
Recent achievements underscore Wallbox’s commitment to innovation and growth. The company has forged strategic partnerships and entered into collaborations that enhance its technological capabilities and market reach. These initiatives not only bolster Wallbox’s position in the industry but also contribute to the broader adoption of electric and plug-in hybrid vehicles (PHEVs).
Wallbox's mission extends beyond merely providing charging solutions; it aims to reduce the environmental footprint of transportation by making EV and PHEV ownership more accessible and convenient. By focusing on user-friendly products and comprehensive customer support, Wallbox helps in transforming the charging experience into a routine and uncomplicated task, comparable to filling up with conventional fuel.
Financially, Wallbox continues to demonstrate robust growth and a solid financial standing, driven by its expanding product lineup and strategic market presence. The company's emphasis on sustainability, innovation, and customer satisfaction positions it as a significant contributor to the future of sustainable transportation.
Wallbox (NYSE:WBX) reported a record revenue of approximately €28.3 million for Q1 2022, marking a 192% increase from Q1 2021. The company's gross margin stood at 41.4% while it sold about 51,000 chargers, a growth of over 180% year-over-year. Looking ahead, Wallbox expects Q2 2022 revenues between €35 million and €38 million, and full-year revenues of €175 million to €205 million, indicating annual growth rates of 145% to 190%.
Wallbox (NYSE:WBX), a leading electric vehicle (EV) charging solutions provider, announced its participation in several investor-focused events following the release of Q1 2022 financial results. Events include the Bank of America Iberia Conference and Chardan Leadership Series, with key executives hosting meetings on May 12. Additional investor meetings will occur on May 19 and May 26, alongside an educational webcast on May 25, discussing the global electrification effort and the EV market. This engagement highlights Wallbox’s commitment to investor relations and market transparency.
Wallbox (NYSE:WBX) aims to achieve Net Zero greenhouse gas emissions by 2030, nearly 20 years ahead of the Paris Climate Agreement goals. The company has implemented a three-phase plan, starting with measuring and beginning to reduce its emissions, which totaled 110 tons in 2021. Last year, Wallbox reduced emissions from its headquarters by 18% through solar installations and energy management solutions. The firm plans to sign the Global Compact and pursue UN Sustainable Development Goals.
Wallbox (NYSE:WBX) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2021, with the Securities and Exchange Commission. This report can be accessed through Wallbox's Investor Relations site and the SEC's website. Wallbox specializes in electric vehicle charging solutions and energy management, operating in over 90 countries and employing more than 900 individuals globally. Founded in 2015 and headquartered in Barcelona, Wallbox aims to promote sustainable energy use in the EV industry.
Wallbox (NYSE: WBX), a leader in electric vehicle charging solutions, will announce its Q1 2022 financial results on May 11, 2022, before market open. The company will host a conference call at 8:00 AM ET to discuss these results and provide a business update. The presentation will include remarks from CEO Enric Asunción and CFO Jordi Lainz, followed by a Q&A session. Wallbox offers charging solutions for residential and public use in over 90 countries and aims to transform energy consumption worldwide.
Wallbox has inaugurated a new electric vehicle charger manufacturing plant in Barcelona, with an investment of 9 million euros. The facility aims to produce over 750,000 chargers annually and create more than 500 jobs. Currently, the plant employs 203 people and operates 4 production lines designed for quick delivery. Wallbox is committed to sustainability, with plans to power the facility partially through solar energy, potentially supplying 30% to 60% of its energy needs.
Wallbox (NYSE:WBX) has begun construction of its first U.S.-based EV charger manufacturing facility in Arlington, Texas. This 130,000 square-foot facility, with an initial investment of $11 million, aims to produce over 250,000 units in 2022 and 500,000 by 2025. The facility will enhance Wallbox's capability to support its North American expansion, improve delivery times, and reduce costs while creating about 250 local jobs by 2030. This move aligns with rising U.S. demand for electric vehicle infrastructure.
Wallbox (NYSE:WBX) has partnered with City Electric Supply (CES) to make its Pulsar Plus, Smart Power Meters, and EV Charging Pedestals available both online and in over 535 U.S. stores. The Pulsar Plus 48A, compatible with major EV models, offers flexible charging options and advanced features like Bluetooth and Wi-Fi connectivity. This partnership aims to enhance CES's offerings in renewable energy equipment. The products are eligible for various tax credits, including up to 30% for installation costs. The collaboration underscores Wallbox's commitment to sustainable energy solutions.
Wallbox (NYSE:WBX), a leader in electric vehicle (EV) charging and energy management, announced its participation in two investor events following its financial results release.
Events include the JP Morgan Global ESG Conference on March 24, 2022, and Piper Sandler EV Charging Day on April 5, 2022. CEO Enric Asuncion will present at both. Wallbox builds advanced EV charging solutions for over 98 countries, enabling users to manage energy sustainably.
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