Blink Charging Co Stock Price, News & Analysis

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has acquired Belgian EV charging operator Blue Corner N.V. for €20 million (about $24 million). This acquisition adds 7,071 charging ports across Belgium, Luxembourg, the Netherlands, and France, enhancing Blink's European presence. Blink aims to leverage the rapidly growing European EV market, where sales surged 137% last year. A new subsidiary, Blink Holdings B.V., will facilitate expansion in Europe, ensuring continuity of Blue Corner's operations post-acquisition.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has signed a long-term contract with Fattal Hotel Group to deploy EV charging stations at 26 locations in Israel. This partnership aims to meet the increasing demand for public EV charging infrastructure, with a report estimating over 25,000 charging points needed by 2025 in the country. The seven-year agreement promotes Blink's strategic international expansion and positions it to serve the growing number of EV users among hotel guests and tourists.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) will announce its Q1 2021 financial results on May 13, 2021, after market close. A conference call and webcast will be held that same day at 4:30 PM ET to discuss the results. Investors can access the live webcast on the Blink Charging website and via a direct link.

To join by phone, dial (877) 876-9174 or (785) 424-1669 for international callers. A replay will be available until June 13, 2021, via specified phone numbers. Blink has deployed over 23,000 EV charging stations and anticipates significant growth in EV purchases by 2025.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has partnered with General Motors to enhance EV charging for GM vehicle owners. This collaboration will facilitate seamless access to Blink's charging stations, allowing users to view real-time charging information, locate stations, and manage payments via GM's mobile apps. Blink aims to increase utilization rates at its stations and attract new EV drivers. The company continues to pursue interoperability with other charging networks, enhancing the overall EV charging experience.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced the appointment of Harjinder Bhade as Chief Technology Officer, emphasizing its commitment to advancing its EV charging technology. Bhade, with significant experience in the renewables sector and as a former executive at Engie Storage and ChargePoint, is set to enhance Blink's product offerings and technological capabilities. His leadership aims to position Blink as a key player in the competitive EV charging market, responding to the anticipated growth in electric vehicle adoption, projected to reach 10 million by 2025.

Blink Charging Co. (NASDAQ: BLNK, BLNKW) announced the deployment of IQ 200 charging stations at the Native American Youth & Family Center (NAYA) in Portland, Oregon, supported by the Portland General Electric Drive Change Fund and the Electric Mobility Grant from Pacific Power Oregon. This initiative aims to expand EV infrastructure and promote electric vehicle adoption in the Pacific Northwest. The Electric Mobility Grant has made over $1.3 million available for electric mobility projects in Oregon, covering up to 100% of project costs. Blink continues to strengthen its presence in key EV markets.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) supports a regulatory framework for zero-emission vehicles, as proposed by a coalition of governors ahead of the White House Climate Summit. This initiative calls for standards mandating all new passenger cars and light-duty trucks to be zero-emission by 2035. CEO Michael D. Farkas highlighted the environmental benefits and potential job creation linked to electric vehicle adoption. Blink Charging aims to enhance EV infrastructure accessibility, paving the way for increased electric vehicle use across the U.S.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced a reseller agreement with ev Transportation Services Inc. (evTS) to distribute Blink's EV charging equipment, including the IQ 200-M portable charger, alongside evTS's FireFly ESV essential services vehicle. This collaboration was showcased at the Texas Auto Roundup, promoting a fully-electric roadside assistance solution aimed at easing range anxiety for EV users. Blink aims to enhance urban mobility and essential services with innovative charging solutions as demand grows in these sectors.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has upgraded all 19 first-generation EV charging stations in Plano, Texas, to the new IQ 200 fast Level 2 chargers. This upgrade aligns with a five-year agreement and reflects a commitment to enhancing EV infrastructure as the city experiences a 39% rise in electric vehicles since 2016. Blink's IQ 200 units offer a maximum output of 80 amps and are recognized as some of the fastest charging stations available. The upgrade underscores the partnership between Blink and Plano, positioning the city as a leader in EV charging in Texas.