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BLINK CHARGING CO.

(BLNK)
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GM to Work With 7 Vehicle Charging Networks on Ultium Charge 360

04/28/2021 | 03:56pm EDT

By Stephen Nakrosis

General Motors Co. on Wednesday said it would collaborate with seven electric vehicle charging networks across the U.S. and Canada to integrate them with GM vehicle mobile apps "and other products and services to simplify customer charging experience."

The company said its Ultium Charge 360 initiative builds on GM's existing charging efforts to provide GM EV owners more confidence and convenience when it comes to EV charging.

Agreements with Blink Charging, ChargePoint, EV Connect, EVgo, FLO, Greenlots and SemaConnect will soon allow EV customers using their GM vehicle mobile apps "to easily see real-time information from nearly 60,000 charging plugs throughout the U.S. and Canada, find stations along a route and initiate and pay for charging."

GM's first charging sites with EVgo are now live in Washington, California and Florida, nine months after a commitment to add more than 2,700 fast chargers in cities and suburbs by the end of 2025 was first announced. The company also said it and EVgo are on track to have about 500 fast charging stalls live by the end of 2021.

GM plans to launch 30 EVs globally by the end of 2025, with more than two-thirds available in North America.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

04-28-21 1555ET

Stocks mentioned in the article
ChangeLast1st jan.
BLINK CHARGING CO. 14.23% 29.95 Delayed Quote.-29.94%
CHARGEPOINT HOLDINGS, INC. 8.91% 22.01 Delayed Quote.-45.08%
DJ INDUSTRIAL 1.06% 34382.13 Delayed Quote.11.16%
GENERAL MOTORS COMPANY 2.56% 56 Delayed Quote.34.49%
GROUPE FLO 0.00% 0.189 Real-time Quote.11.18%
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More news
Financials (USD)
Sales 2021 13,1 M - -
Net income 2021 -24,8 M - -
Net cash 2021 150 M - -
P/E ratio 2021 -54,5x
Yield 2021 -
Capitalization 1 257 M 1 257 M -
EV / Sales 2021 84,7x
EV / Sales 2022 44,2x
Nbr of Employees 91
Free-Float 84,4%
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Technical analysis trends BLINK CHARGING CO.
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Average target price 47,25 $
Last Close Price 29,95 $
Spread / Highest target 100%
Spread / Average Target 57,8%
Spread / Lowest Target 6,84%
EPS Revisions
Managers and Directors
NameTitle
Michael D. Farkas Executive Chairman & Chief Executive Officer
Brendan S. Jones President, Chief Operating Officer & Director
Michael P. Rama Chief Financial Officer
Josh Winkler Senior Vice President-Product & Technology
Harjinder S. Bhade Chief Technology Officer
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