Financial Data and Key Metrics Changes - The company reported revenue of $22 million in Q3 2021, representing a nearly 250% year-over-year increase [29] - For the nine months ended September 30, 2021, total revenue reached $55 million, up more than 280% compared to the prior year [30] - The gross margin for the nine months ended September 30, 2021, was 39%, despite challenges from global supply chain shortages [31] Business Line Data and Key Metrics Changes - The company sold 26,000 chargers in Q3 2021 and 66,000 chargers in the nine months ended September 30, 2021 [30] - Approximately 80% of Wallbox chargers sold are utilizing energy management technology [10] Market Data and Key Metrics Changes - Bloomberg New Energy Finance raised the forecast of EV sales to 5.6 million in 2021, up from a previous estimate of 4.7 million [14] - EV sales in Europe and the U.S. increased by 234% and 208% in Q2 2021, respectively [14] Company Strategy and Development Direction - Wallbox aims to create smart charging and energy management solutions to advance electric vehicle adoption and sustainable energy use [8] - The company is expanding its footprint in the U.S. market, having entered in February 2021, and is focusing on local certifications and marketing efforts [16][18] - A strategic partnership with SunPower allows customers to install EV chargers alongside solar and storage systems [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capitalizing on market trends and staying ahead of competition as technology and customer demands evolve [36] - The company anticipates strong growth due to regulatory tailwinds and unprecedented demand for electric vehicles [14] Other Important Information - The merger with Kensington Capital Acquisition Corp. generated gross proceeds of $252 million, with a pro forma cash balance of $231 million post-merger [32][33] - The company is on track to begin production at its new manufacturing facility in Texas in the second half of 2022 [21] Summary of Q&A Session - No live questions and answers were hosted during the call, and inquiries were directed to the investor relations email [5][37]