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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 and Uber have partnered to provide discounted home EV chargers for Uber drivers in seven European countries, supporting the shift to electric vehicles.
Uber aims for a zero-emissions platform in Europe by 2030, with plans for 50% of its kilometers to be electric by 2025.
Drivers are adopting electric vehicles nearly five times faster than typical European car owners, with 6.2% of Uber's driven kilometers now fully electric. The partnership addresses the challenge of charging accessibility for these drivers.
Wallbox has inaugurated its first North American manufacturing facility in Arlington, Texas, backed by a
Wallbox (NYSE: WBX) plans to release its third-quarter 2022 financial results on November 9, 2022, before market open. A webcast will follow at 8:00 AM ET, featuring comments from CEO Enric Asunción and CFO Jordi Lainz, along with a Q&A session. Wallbox, headquartered in Barcelona, is a prominent EV charging and energy management solutions provider, focusing on innovative systems to improve energy consumption and sustainability globally.
Fisker Inc. (NYSE: FSR) has partnered with Wallbox (NYSE: WBX) to offer home EV charging solutions, enhancing convenience for Fisker Ocean owners. Wallbox's Pulsar Plus chargers will be available via Fisker’s website in the U.S., Canada, and select European markets starting November 2022. The partnership includes installation services through Wallbox across Europe and by COIL in North America. Fisker aims to provide class-leading, accessible EV charging technology while promoting the transition to electric vehicles globally.
Wallbox (NYSE:WBX) has launched a Shareholder Perks Program via the Stockperks app. This initiative allows shareholders to obtain discounts on Wallbox's Pulsar Plus EV home charging solutions. CFO Jordi Lainz highlighted the program's potential to enhance shareholder engagement by providing meaningful benefits. Stockperks aims to bridge the gap between investors and companies, enhancing community interaction and loyalty.
Wallbox (NYSE:WBX), a global leader in electric vehicle charging and energy management solutions, will participate in the SHARE Series virtual event on September 12, 2022, at 10:00am ET. CFO
Wallbox (NYSE:WBX), a global leader in electric vehicle charging solutions, announced its participation in key investor-focused events. On August 17, 2022, VP of Investor Relations Matt Tractenberg will present at Baird's Virtual Access Day. CEO Enric Asuncion will speak at the Barclays CEO Energy-Power Conference on September 7, 2022. CFO Jordi Lainz will represent the company at Cowen’s Global Transportation and Sustainability Conference on September 9, 2022, and the NYSE Energy and Utilities Virtual Investor Access Day on September 14, 2022. Wallbox aims to engage with investors and showcase its growth strategy.
Wallbox (NYSE:WBX) has announced the acquisition of COIL Inc, a leading EV charging installation service in the U.S. This strategic move enables Wallbox to enhance service offerings for partners, including Auto OEMs and utilities, providing a comprehensive solution for installation and maintenance of EV chargers. The acquisition follows the opening of new warehouses in North America and the upcoming production launch in Arlington, Texas. COIL's extensive service range includes Level 2 and Level 3 charging installations, electrical engineering, and a network of installation partners.
Wallbox (NYSE:WBX) reported strong second-quarter results for 2022, with revenues reaching €39.5 million, a 124% increase year-over-year. The company sold nearly 64,000 chargers, a 95% rise from the previous year, achieving gross margins of 41.1%. Notable developments include strategic partnerships with Nissan and acquisitions of COIL Inc. and ARES Electronics, enhancing its service offerings and supply chain resilience. For Q3 2022, Wallbox anticipates revenues between €44 million and €49 million, projecting annual growth of 145% to 170% for FY2022.
EVmatch and Wallbox (NYSE:WBX) have partnered to enhance EV charging accessibility in the U.S. This collaboration integrates Wallbox's charging stations into the EVmatch platform, providing users with more reliable charging options. With a reported 69% increase in plug-in vehicle purchases from early 2021 to 2022, the partnership aims to address the growing demand for EV infrastructure. EVmatch focuses on renting private charging stations, while Wallbox offers advanced energy management systems. This initiative is expected to boost EV adoption by making charging more accessible to a broader audience.
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