Break down of the v4 cabinets installed in Redwood City today @tesla @TeslaCharging https://t.co/CZwe6wPyvlTesla Charging (@TeslaCharging):First V4 cabinet Supercharger now live https://t.co/6T1X6MVTaj0.5 MW, 3X power density, 2X stalls per cabinetHigher throughput, higher efficiency, lower cost, faster deployments https://t.co/5NbiABwgpy ...

Core Viewpoint - The company is progressing towards its goal of establishing over 4000 supercharging stations by the end of 2025, with a current completion rate of 63.66% for this year [1][2]. Group 1: Supercharging Station Development - The total number of supercharging stations has increased from 3161 to 3174, with 13 new stations added recently [1]. - The company needs to complete an average of 6.77 stations per day to meet the year-end target, with 122 days remaining in the year [1]. - The current progress towards the annual target is at 63.66%, while the time progress is at 66.58% [1]. Group 2: New Station Locations - New supercharging stations have been established in various cities, including: - Copper City, Anhui: 4C × 6 configuration [1]. - Chaoyang District, Beijing: 5C × 8 configuration [1]. - Shenzhen, Guangdong: 4C × 6 and 4C × 8 configurations [1]. - Nanjing, Jiangsu: Multiple 4C × 6 configurations [1][2]. - Other locations include Wuxi, Qingdao, Xi'an, and Wenzhou, with various configurations [2].

Group 1 - The core viewpoint of the article highlights the progress of the company's supercharging station construction, with a current total of 3161 stations and a target of over 4000 by the end of 2025, indicating a remaining need for 839 stations to meet this goal [1] - The completion rate for new supercharging stations this year has increased from 62.87% to 63.09%, with 123 days left in the year, suggesting a need for an average of 6.82 new stations to be built daily to achieve the year-end target [1] - Five new supercharging stations have been established in various locations, including Hainan, Henan, Jiangsu, Shanxi, and Zhejiang, all categorized as urban 4C stations with varying specifications [1]

Core Insights - The company aims to achieve a target of over 4000 supercharging stations by the end of 2025, with a current count of 3144 stations, leaving 856 stations to be built [1] - The progress for new stations this year has increased from 61.94% to 62.34%, with 126 days remaining in the year [1] - To meet the year-end target, the company needs to build an average of 6.79 stations per day [1] Summary by Sections New Supercharging Stations - Nine new supercharging stations have been completed, including locations in Beijing, Guangdong, Guangxi, Ningxia, Shandong, Shaanxi, Tianjin, and Yunnan [1][2] - The specifications for the new stations vary, with some being 4C and others 5C, indicating different charging capabilities [1][2] Current Progress - The current progress towards the target of 4000+ stations is at 62.34%, with a time progress value of 65.48% for the year [1] - The company is on track but needs to accelerate the pace of new station construction to meet its goals [1]

Core Insights - The article discusses the progress of the company's supercharging station construction, highlighting the current number of stations and the target for the end of 2025 [1] Group 1: Supercharging Station Progress - The total number of supercharging stations has increased from 3035 to 3037 [1] - The company aims to achieve over 4000 supercharging stations by the end of 2025, leaving 963 stations to be built [1] - The progress for new stations this year has improved from 57.55% to 57.63% [1] Group 2: Yearly Progress and Goals - There are 147 days remaining in the year, with a time progress value of 59.73% [1] - To meet the year-end target, the company needs to construct an average of 6.55 stations per day [1] Group 3: New Stations Details - Two new supercharging stations have been completed in Jiangsu Province: one in Changzhou at Tian Ning Wu Yue Plaza (4C × 8) and another in Wuxi at Himalaya Service Apartment (4C × 6) [1]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was £98 million, representing a 47% year-over-year increase, with growth across nearly all revenue categories [32][36] - Adjusted EBITDA was negative £1.9 million, showing a £6 million improvement compared to the previous year [34][38] - Total charging network revenues reached £51.8 million, a 46% year-over-year increase [33] - Adjusted gross profit increased to £28.4 million from £17.7 million in the previous year, with an adjusted gross margin of 28.9% [34] Business Line Data and Key Metrics Changes - Charging network gross margin in Q2 was 37.2%, up 210 basis points from the prior year [33] - Xtend revenues were £37.4 million, delivering growth of 35% [33] - Ancillary revenues surged to £8.8 million, up 157% year-over-year, primarily driven by the growth of the hubs business for autonomous vehicle companies [33] Market Data and Key Metrics Changes - The average throughput per public stall was 281 kilowatt-hours per stall per day in Q2, a 22% increase from the previous year [31] - Total public network utilization increased to 22%, up from 20% a year ago [31] - The number of stalls served by a 350-kilowatt charger rose to 57%, up from 41% a year ago [20] Company Strategy and Development Direction - The company aims to increase its ending 2029 public store guidance by approximately 3,500 stores to roughly 14,000 stores [7] - A significant reduction in net CapEx per stall for 2025 vintage stalls is expected, with a decrease of 28% from initial estimates [14] - The company is focused on improving customer experience, operational efficiencies, and securing additional non-dilutive financing to accelerate growth [18] Management's Comments on Operating Environment and Future Outlook - Management noted that demand growth for electric vehicles is outpacing supply growth, creating a favorable macro environment for the company [10] - The company expects to quintuple its annual store build schedule from 825 stores in 2025 to up to 5,000 by 2029, significantly differentiating itself from competitors [13][14] - Management expressed confidence in the resilience of cash flows generated by the ultrafast charging infrastructure being built across the U.S. [12] Other Important Information - The company closed a commercial bank facility for $225 million, with the ability to expand to $300 million, enabling accelerated expansion and diversification of funding sources [6][12] - The company is on track to have its next-generation charging architecture prototype deployed by the end of next year [21] - The company anticipates that by 2029, stalls will generate between £90,000 to £104,000 per year in revenue, with annual cash flow per stall in the range of £38,000 to £47,000 [28] Q&A Session Summary Question: Geographic trends driving capital offsets - Management indicated that capital offsets are strong across various states, including California, Florida, Ohio, Pennsylvania, and Washington, with state grants and utility incentives remaining robust [46] Question: Updates on the DOE loan - Management confirmed productive dialogue with the DOE, emphasizing that they are not reliant on a single source of financing and can leverage multiple funding sources [48][50] Question: Utilization rate and firmware update impact - Management acknowledged a faulty firmware update that affected utilization but noted improvements in July, with average throughput per store approaching 300 kilowatt-hours [52][54] Question: Next cable deployment strategy - Management expressed excitement about initial results from pilot sites and indicated plans to install 30 more cables in August, with a total of 100 planned for the year [58] Question: Build schedule and market share balance - Management explained that the increased build schedule is due to the commercial bank facility, lower CapEx per stall, and excess operational cash flow, while also considering the timeline for deployment [65] Question: Seasonality in utilization rates - Management confirmed that seasonality affects charge rates, with higher rates typically seen in summer months, and noted that throughput per stall is driven by both utilization and charge rates [70][72] Question: Strategy for capturing autonomous vehicle market share - Management highlighted ongoing efforts to build dedicated sites for autonomous vehicle partners and expressed optimism about the growth potential in this area [77][79]

Core Insights - The article discusses the progress of the company's supercharging station construction, highlighting the current status and future targets for 2025 [1] Group 1: Supercharging Station Progress - The total number of supercharging stations has changed from 2860 to 2862, then decreased to 2861 [1] - The company aims to achieve over 4000 supercharging stations by the end of 2025 [1] - The progress of new stations added this year is at 49.89%, with 175 days remaining in the year [1] - The time progress for the year stands at 52.05%, indicating a need to build an average of 6.51 stations daily to meet the year-end target [1] Group 2: New and Reduced Stations - Two new supercharging stations have been completed in Shandong Province and Beijing, both classified as city 5C stations [1] - One station in Jiangsu Province has been reduced, with uncertainty regarding whether it is temporarily offline or permanently removed [1]

Group 1 - The core viewpoint of the article highlights the progress of the company's supercharging station construction, with a current total of 2859 stations and a target of over 4000 by the end of 2025 [1] - The completion rate for new supercharging stations this year has increased from 49.71% to 49.80%, indicating steady progress towards the annual goal [1] - There are 177 days remaining in the year, and the company needs to build an average of 6.45 new stations daily to meet the year-end target [1] Group 2 - Two new supercharging stations have been completed in Xiamen, Fujian Province, both located at the Dongfu Service Area on the Shenhai Expressway, with specifications of 2C × 3 and 5C × 1 [1]

Core Insights - The article discusses the progress of the company's supercharging station construction, highlighting the current number of stations and the targets for the future [1]. Group 1: Supercharging Station Development - The total number of supercharging stations has increased from 2855 to 2857, with a target of over 4000 stations by the end of 2025 [1]. - The progress towards this year's target is at 49.71%, with 178 days remaining in the year [1]. - To meet the year-end goal, the company needs to build an average of 6.42 stations per day [1]. Group 2: New Stations Added - Two new supercharging stations have been completed: one in Chongqing at the Shuanglong Service Area and another in Quanzhou, Fujian at the Donghaiwanmen Phase II [1]. - The specifications for the new stations include a 2C × 4 configuration for the Chongqing station and a 4C × 6 configuration for the Quanzhou station [1].

Group 1 - The core viewpoint of the article highlights the progress of the company's supercharging station construction, with a current total of 2507 stations built as of June 22, 2025, and a target of over 4000 stations by the end of the year [1] - The article indicates that the progress towards the annual addition target is at 34.27%, with 193 days remaining in the year, suggesting a need for an average of 7.74 new stations to be built daily to meet the year-end goal [1] - Two new supercharging stations have been established in Xi'an, Shaanxi Province, and Pudong, Shanghai, with specifications of 4C × 6 and 4C × 4 respectively, contributing to the overall growth of the charging infrastructure [1]