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Wallbox N.V. - WBX STOCK NEWS

Welcome to our dedicated page for Wallbox N.V. news (Ticker: WBX), a resource for investors and traders seeking the latest updates and insights on Wallbox N.V. stock.

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.

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Generac Power Systems, Inc. (GNRC) has made a minority investment in Wallbox (WBX), a global leader in smart electric vehicle (EV) charging and energy management solutions. The investment includes adding a Generac seat on Wallbox's board of directors and a global commercial agreement to provide Generac's residential and commercial customers with the next generation of energy management systems, including a bidirectional DC EV charger for the home. This strategic partnership aims to accelerate the development of energy ecosystems for businesses with public access and supports the joint vision of accelerating the energy transition through innovative and accessible energy solutions. As power consumption is projected to more than double by 2050 and the share of renewables in the power mix is projected to more than double in the next 20 years, the need for sophisticated technology that can manage energy generation, storage, and distribution between the current grid and next generation EVs is critical in order to accelerate the adoption of renewable energy.
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Wallbox (NYSE: WBX) and Atlante, a company of NHOA Group, have partnered to install 5,000 fast-charging points by 2025 and over 35,000 by 2030 across Spain, Italy, France, and Portugal. The project aims to create the first public electric vehicle charging network 100% powered by renewable energy sources. Atlante has chosen Wallbox as a preferred partner due to its production capacity and global leadership in the manufacturing of superfast chargers for EV.
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Wallbox (Ticker: WBX) accelerates partnership with Sonepar, closing their ninth local partnership with Elektroskandia Sverige in Sweden. The collaboration aims to advance the energy transition by providing installers access to cutting-edge EV charging solutions. Sonepar and Wallbox have expanded their joint efforts into multiple countries, including the USA, Spain, Italy, Switzerland, France, Canada, Austria, and the Netherlands. This move aligns with the growing EV charging market and the companies' commitment to driving innovation and sustainability within the electrical industry.
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WBX: Wallbox N.V. Announces Q3 2023 Financial Results and Business Update, Revenue of €32.5 million, Gross Margins Up 35%, ABL Acquisition, Partnership with Kia, and Cost Reduction Targets Exceeded
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Wallbox N.V. announces a strategic partnership with Osprey, a leading rapid EV charging network in the UK. The collaboration will begin with the installation of 125 units of Wallbox's Supernova DC rapid charger at Osprey low-voltage connection stations. The Supernova charger is designed for ease of use and reliability, offering a user-centric experience and scalable units to improve availability. Both companies aim to accelerate the transition to zero-emission transport.
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Wallbox and Bidirectional Energy have partnered to receive funding from the CEC REDWDS grant. They will offer Wallbox's Quasar 2 bidirectional charger with the Bidirectional Energy EV charger management platform. The partnership aims to deploy bidirectional chargers in California residential homes, providing benefits such as cost savings on utility bills and participation in vehicle-to-grid programs. If successful, additional funding will be available for further deployment across California. Quasar 2 has a Power Recovery feature that allows users to use their EV as a backup power source during outages. The partnership also aims to provide users with yearly energy bill savings of over $1,000 through utility programs and time-of-use rates.
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Wallbox acquires operations and assets of ABL GmbH for €15 million, enhancing its competitive position in key markets and accelerating its path to profitability.
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Wallbox (NYSE: WBX) will release its Q3 2023 financial results on November 9, 2023. A webcast will be held at 8:00 AM ET to discuss the results and provide a business update.
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Wallbox collaborates with Free2move eSolutions to offer EV charging solutions in North America. Free2move will provide Wallbox's Pulsar Plus AC Level 2 charger to dealerships, while Wallbox will offer Supernova 180, a 180kW DC fast charger. The collaboration aims to accelerate the production process and ensure the availability of next-generation EV charging solutions. Supernova 180 can add 100 miles of range in under 10 minutes. The collaboration will also enable faster home charging experiences for Stellantis' customers.
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Wallbox expands nationwide with Best Buy for its Pulsar Plus EV chargers
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FAQ

What is the current stock price of Wallbox N.V. (WBX)?

The current stock price of Wallbox N.V. (WBX) is $0.5296 as of December 20, 2024.

What is the market cap of Wallbox N.V. (WBX)?

The market cap of Wallbox N.V. (WBX) is approximately 117.1M.

What does Wallbox N.V. do?

Wallbox N.V. designs, manufactures, and distributes smart charging systems for electric vehicles to promote sustainable transportation.

What products does Wallbox offer?

Wallbox offers Level 2 AC chargers for residential and business use, as well as DC fast chargers for public applications.

In which regions does Wallbox operate?

Wallbox operates in Europe, Middle East, and Asia (EMEA), North America, and Asia-Pacific.

What is Wallbox's mission?

Wallbox aims to accelerate sustainable transportation by providing simple and effective EV charging solutions.

How does Wallbox support the EV industry?

Wallbox supports the EV industry by making electric and plug-in hybrid cars more attractive through innovative, user-friendly charging systems.

What recent achievements has Wallbox made?

Wallbox has achieved significant growth through strategic partnerships and technological advancements, enhancing its market presence.

How does Wallbox contribute to sustainability?

Wallbox contributes to sustainability by reducing the environmental impact of transportation with its efficient EV charging solutions.

What is the financial condition of Wallbox?

Wallbox demonstrates robust growth and solid financial standing, driven by its expanding product lineup and strategic market presence.

Why choose Wallbox for EV charging solutions?

Wallbox offers comprehensive, simple, and effective charging solutions that make the EV charging process as easy as refueling traditional vehicles.

What is the significance of Wallbox in the EV market?

Wallbox plays a crucial role in promoting the adoption of EVs and PHEVs by providing innovative and accessible charging solutions.

Wallbox N.V.

NYSE:WBX

WBX Rankings

WBX Stock Data

117.07M
118.51M
57.56%
10.39%
0.91%
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