Welcome to our dedicated page for Wallbox Nv news (Ticker: WBX), a resource for investors and traders seeking the latest updates and insights on Wallbox Nv stock.
Wallbox NV (WBX) drives innovation in electric vehicle charging and energy management systems, offering smart solutions for residential, commercial, and public use. This page serves as the definitive source for official company announcements, financial updates, and technology developments.
Investors and industry observers will find curated press releases covering earnings reports, product launches, strategic partnerships, and regulatory milestones. Our repository ensures timely access to WBX's advancements in bi-directional charging, smart grid integration, and global market expansion efforts.
Key updates include operational progress across EMEA, North America, and Asia-Pacific regions, alongside breakthroughs in energy optimization technologies. Bookmark this page to monitor Wallbox's role in advancing sustainable transportation infrastructure worldwide.
Wallbox (NYSE: WBX), a leader in smart EV charging and energy management solutions, has secured a $45 million strategic investment. The investment is led by Generac Power Systems (NYSE: GNRC), contributing $35 million, with additional funding from existing shareholders. This move strengthens Wallbox's balance sheet and accelerates its manufacturing and sales capabilities, particularly in the North American market.
The partnership with Generac enhances Wallbox's strategy, leveraging Generac's 8,000+ authorized installers and integration capabilities. This investment marks Generac's second minority stake in Wallbox, aligning with their commercial relationship announced in December. The collaboration aims to accelerate Generac's 'Powering A Smarter World' strategy and provide deeper access to Wallbox's technology for Generac's distribution partners.
EnergyHub, a leading grid-edge flexibility provider, and Wallbox (NYSE:WBX), a global EV charging and energy management company, have partnered to expand access to utility programs for EV managed charging across North America. This integration will make Wallbox EV chargers eligible for utility active and passive managed charging programs, addressing the growing demand for residential charging solutions.
The partnership aims to help utilities reshape EV charging load, protect distribution assets, and manage load growth while offering customers financial incentives. Wallbox devices are expected to be enrolled in utility programs by August 2024. This collaboration aligns with the increasing adoption of home EV charging, which accounts for 80% of all EV charging according to the U.S. Department of Energy.
Wallbox (NYSE: WBX) and ChargeLab have announced a strategic partnership to streamline commercial EV charger deployments across North America. The collaboration integrates Wallbox's hardware with ChargeLab's smart software, offering distributors a bundled solution. Wallbox's Pulsar Pro Level 2 charger and Supernova 180 DC fast chargers will come pre-configured with ChargeLab software, unlocking features like power management, pricing functionality, and access control.
The partnership aims to simplify and enhance the experience for distributors, Charge Point Operators, and end users. The Supernova 180 offers 180 kW power, adding 100 miles of range in under ten minutes. The Pulsar Pro, designed for commercial installations, includes RFID and is ISO 15118 plug and charge ready. The bundle offering includes exclusive access to specially priced software for all Wallbox units.
Wallbox (NYSE: WBX) has announced preliminary revenue for Q2 2024, estimating approximately €49 million. This marks nearly 50% year-over-year growth and significant quarter-over-quarter improvement.
The primary growth driver was the US market, with over 65% year-over-year revenue growth, fueled by increased sales of Wallbox’s home AC chargers and public DC fast chargers. Detailed financial results will be released on August 1, 2024, before the market opens.
The company will host a webcast at 8:00 AM ET (2:00 PM CET) on the same day to discuss these results, featuring prepared remarks from CEO Enric Asunción and CFO Luis Boada, followed by a Q&A session. Registration and presentation materials are available through the company's investor relations website.
Wallbox, a global leader in electric vehicle charging solutions, has announced the launch of its Supernova 220 DC fast charger. The Supernova 220 delivers up to 220 kW of power with a footprint of only 3.48 ft², making it one of the highest power-to-footprint ratio chargers in the market. This increased power allows for charging a passenger EV up to 100 miles in just eight minutes. Already successful with its Supernova 180 model in North America, Wallbox is now expanding this technology to the EU and other regions. With over 2,000 units sold in more than 30 countries, Wallbox continues to enhance the reliability and efficiency of its products, aiming to meet diverse power needs without compromising on customer experience. The sleek design of Supernova 220 is compliant with the latest regulations and is suitable for both public and private high-traffic spaces.
Wallbox (NYSE: WBX), a leader in EV charging solutions, announced the addition of three new members to its Board of Directors during its 2024 Annual General Meeting. The new members include former Wallbox CFO Jordi Lainz, ABL Co-CEO Ferdinand Schlutius, and Generac Executive Vice President Paolo Campinoti. Lainz brings extensive financial expertise from his tenure at Wallbox and other companies. Schlutius contributes significant experience in EV charging solutions from his role at ABL. Campinoti adds global commercial expertise from his leadership roles at Pramac Group and Generac. These appointments aim to diversify and strengthen the board, positioning Wallbox for sustained global growth.
Wallbox, a global leader in EV charging, announced several strategic milestones six months after acquiring ABL, a German EV charging leader. Key achievements include the launch of the ABL Pulsar, a home-charging solution for the DACH region, and the eM4 charger for commercial spaces. The companies showcased their products at the Light + Building Trade Show in Frankfurt, attracting over 151,000 visitors. They also announced plans to launch the Supernova fast charger later this year in Germany. These initiatives aim to strengthen their market position and accelerate the EV transition.
Wallbox N.V. (NYSE:WBX) announced its first quarter 2024 financial results, reporting a revenue of €43.1 million, a 23% increase from the previous year. The company achieved a gross margin of 39.6%, launched new products in North America, and secured a $26 million project award from the State of Washington. Wallbox also reduced labor costs by 21% and operating expenses by 30% compared to the same period last year. The company ended the quarter with €83.3 million in cash and financial investments.
