Blink Charging to Provide 50 EV Chargers for Porsche Destination Charging Program in Mexico
Rhea-AI Summary
Blink Charging (NASDAQ: BLNK) has secured an agreement to provide 50 EV chargers for the Porsche Destination Charging Program in Mexico. The chargers will be installed at premium hotels, retail, and restaurant locations throughout the country.
Under this partnership, Porsche EV drivers will receive free charging sessions, a complimentary Blink RFID card, and a 35% discount at other Blink locations. Host venues will earn a percentage of charging revenue. Blink will maintain full ownership and operation of the charging infrastructure, providing comprehensive services including installation, maintenance, and training.
The deployment features Blink's IQ200 chargers, capable of delivering up to 19.2 kW of power. The charging stations will be operational starting March 2025, managed through Blink's cloud-based network software for seamless user experience.
Positive
- Strategic partnership with premium brand Porsche expands BLNK's presence in Mexico
- Revenue sharing model with hosting venues creates additional income stream
- Full ownership and operation of charging infrastructure ensures long-term revenue potential
- Guaranteed customer base through Porsche EV owners program
Negative
- Initial investment required for installation and maintenance of 50 charging stations
- Offering significant discounts (35%) may impact profit margins
- Free charging sessions for Porsche users could affect short-term revenue generation
News Market Reaction
On the day this news was published, BLNK declined 1.90%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Bowie, Md., March 18, 2025 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global owner, operator, provider and manufacturer of electric vehicle (EV) charging equipment and services, has announced it has reached an agreement to supply 50 chargers at select premium hotels, retail and restaurant locations throughout Mexico as part of the Porsche Destination Charging Program.
Porsche Destination Charging is a global charging network that offers drivers of fully electric and plug-in hybrid Porsche vehicles convenient charging options at exclusive destinations such as hotels, restaurants, golf clubs, and marinas.
Porsche Destination clients will receive free charging sessions, a free Blink RFID card, and a
This initiative further accelerates Blink’s expansion plans into Mexico where the Company will own, operate, supply, and maintain the chargers. In addition, Blink will provide related services such as site assessment and preparation, installation, maintenance, repair, parts and supplies, warranties, and product training.
“Thanks to our collaboration with Blink Charging, we are expanding and strengthening the public charging network with faster and smarter stations, thereby enhancing our users’ charging experience. This effort contributes to the expansion of a constantly growing network, offering more convenient options in various locations, facilitating mobility, and promoting the transition to electromobility," said Camilo San Martín, Director of Porsche de Mexico. “We are pleased to strengthen our commitment to reducing emissions while providing more charging solutions to our customers and brand enthusiasts, allowing them to enjoy their vehicles even more on longer trips.”
Blink’s IQ200 chargers offer efficient charging capabilities with up to 19.2 kW of power and a seamless user experience. The Blink Network’s cloud-based software also allows users to manage their charging sessions effortlessly.
“We’re excited to be working with Porsche to bring our cutting-edge charging technology and services to these travel destinations in Mexico,” said Mike Battaglia, President and CEO at Blink Charging. “Hospitality destinations are a key driver behind EV accessibility in LATAM and play a pivotal and dynamic role in driving forward the progress and acceptance of EV technology. Under the ‘Blink Owned’ business model, Blink Charging will manage the entire lifecycle of the charging stations, from installation to operation and maintenance. This collaboration boosts the sustainability initiatives of the hotels, retail and restaurant locations. It also provides Porsche EV drivers with reliable, advanced mobility solutions.”
The new charging stations will be available for use starting in March of 2025.
###
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and fleets to transition to electric transportation through innovative charging solutions easily. Blink’s principal line of products and services include Blink’s EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network utilizes proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. Blink has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs.
For more information, please visit https://blinkcharging.com/
Blink Media Contact
Nipunika Coe
PR@BlinkCharging.com
305-521-0200 ext. 266
Blink Investor Relations Contact
Vitalie Stelea
IR@BlinkCharging.com
305-521-0200 ext. 446
FAQ
How many EV chargers will Blink (BLNK) install for Porsche's program in Mexico?
What benefits do Porsche EV drivers get from BLNK's charging network in Mexico?
What is the power capacity of Blink's IQ200 chargers for the Porsche program?
When will BLNK's new charging stations be operational in Mexico?
How do venue hosts benefit from BLNK's Porsche charging program?
