Wallbox Enters First Phase of Build-out For Its U.S. EV Charger Manufacturing Facility
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.
- Construction of a 130,000 square-foot manufacturing facility in Arlington, Texas, represents a significant expansion for Wallbox.
- Investment of $11 million indicates strong commitment to U.S. market.
- Projected production of over 250,000 units in 2022, increasing to 500,000 by 2025, supports growth.
- Facility expected to create approximately 250 jobs in the region by 2030.
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The facility will begin with production lines for Wallbox’s Pulsar Plus AC chargers, its powerful best-selling home charger that can charge any electric car on the market, including Teslas with a converter. Production lines for Wallbox’s Quasar 2, its next-generation bi-directional DC charger that enables your car to power your home, Supernova, its fast public charger with 130kW power, and Hypernova, its ultrafast public charger with between 150kW and 350kW of power, are anticipated to follow in 2023.
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Wallbox Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the features of Wallbox’s products. Wallbox’s manufacturing capacity, future expansion, future partnerships, and expected benefits from the Arlington Facility. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "may," "can," "should," "could," "might," "plan," "possible," "project," "strive," "budget," "forecast," "expect," "intend," "will," "estimate," "predict," "potential," "continue" or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.
These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Wallbox’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; and other important factors discussed under the caption "Risk Factors" in Wallbox’s final prospectus on Form 424(b)(3) filed with the
These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that
*investment figures have been translated at a EUR/USD rate of 1.091, according to the spot rate on
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Wallbox Public Relations:
crobar@robarpr.com
+1 313-207-5960
VP, Investor Relations
Matt.Tractenberg@wallbox.com
+1 404-574-1504
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