Blink Charging Co Stock Price, News & Analysis

Blink Charging has announced plans to establish a new manufacturing facility in the U.S. to enhance its electric vehicle (EV) charging capabilities. This facility aims to create approximately 300 skilled jobs and will produce compliant AC Level 2 (L2) and Direct Current Fast Chargers (DCFC). Blink anticipates an annual production capacity of up to 40,000 L2 chargers and 10,000 DCFCs, increasing total U.S. charger production to 100,000 units by 2024. The initiative aligns with the Biden Administration's goal of expanding EV infrastructure across the nation.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced a $10,000 donation to Florida’s Disaster Fund to aid Hurricane Ian recovery. CEO Michael D. Farkas expressed commitment to community support following the hurricane's direct impacts. Blink, a leader in EV charging with over 51,000 ports in 25 countries, aims to bolster its local presence while encouraging others to contribute to disaster relief. With a growing EV market, Blink's strategic partnerships aim to enhance charging accessibility across various locations worldwide.

Blink Charging has launched a completely rebuilt Blink Network and a new Blink Charging Mobile App designed to enhance the electric vehicle (EV) charging experience. The updated network supports global operations and languages, providing seamless access for over 6.6 million EV drivers in 25+ countries. The mobile app introduces improved features, allowing users to search for charging stations and manage payments efficiently. Chairman Michael D. Farkas emphasized that the innovations cater to evolving customer needs and ensure a user-friendly experience, thereby positioning Blink as a leader in global EV charging solutions.

Bulbs.com, an online leader in LED lighting, has established a distribution agreement with SemaConnect, a subsidiary of Blink Charging Co. (Nasdaq: BLNK), to offer electric vehicle chargers. This partnership enhances Bulbs.com’s ability to serve both its commercial and residential customer base, meeting the growing demand for EV charging solutions. Sales in this category rose by 106% in Q1 2022 and surged 378% in Q2 2022. The collaboration positions Bulbs.com as a key player in the expanding EV charging market, similar to its earlier success with LED lighting products.

SemaConnect has installed four new electric vehicle (EV) charging stations at the Battleground Office Building in Greensboro, North Carolina, as part of a partnership with Brown Investment Properties. This installation marks the fourth project by BIP to include SemaConnect's charging solutions, enhancing the building's sustainability features. The cutting-edge Series 6 stations support various plug-in electric vehicles and allow management to monitor usage and sustainability metrics. Brown Investment Properties plans to incorporate SemaConnect stations at future developments, aiming for over 10 installations in 2023.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has installed two Blink IQ 200 fast Level 2 charging stations in Newton, Iowa, enhancing EV charging accessibility. This initiative is part of a state grant and aligns with the city's commitment to increasing public charging options for residents and visitors. Each IQ 200 station offers 80 amps, providing around 65 miles of charge per hour. Blink's expansion reflects its strategy to meet the growing demand for electric vehicle infrastructure amid rising global EV purchases, projected to reach 10 million by 2025.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced the installation of 24 EV charging ports at Veris Residential's new luxury apartment building, Haus25, in Jersey City, NJ. This sustainable high-rise aims to enhance the living experience for EV drivers, as nearly 85% of charging occurs at home. Blink’s IQ 200 chargers, offering 80 amps, can deliver approximately 65 miles of charge per hour, aligning with the building's goal of achieving LEED Silver certification. This partnership supports Veris's commitment to increasing EV charging access across its portfolio by 2030.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced that Michael D. Farkas, Chairman and CEO, will present at the H.C. Wainwright & Co. 24th Global Investment Conference in New York City on September 12, 2022, at 10:00 am ET. He will also be available for one-on-one meetings throughout the day. Blink Charging has deployed over 51,000 charging ports globally and is positioned for growth, with EV purchases projected to rise to 10 million vehicles by 2025.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) and UBS Asset Management have entered into a service agreement for deploying Blink EV charging stations at UBS-owned properties in the U.S. This strategic partnership allows UBS to leverage Blink’s flexible business models to enhance tenant offerings with state-of-the-art EV charging technology. Blink aims to support UBS's goals of reducing emissions and providing value to both tenants and investors while promoting greener operations. Blink's network features over 51,000 charging ports globally, reinforcing its leadership in the EV charging market.