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Why Big Oil has its eye on APAC’s EV charging market
Yahoo Finance· 2025-09-25 12:22
Group 1: Industry Trends - The oil and gas industry is undergoing transformation due to the electrification of the transport sector, with significant investments in EV charging stations being a notable strategy [2][4][5] - GlobalData forecasts that EVs will account for nearly 50% of all global light vehicle sales by 2035, with a compound annual growth rate of 6.7% for hybrid and electric vehicle sales between 2025 and 2037 [7] - The market for EV charging infrastructure was estimated to be worth $32.26 billion in 2024, projected to grow to $125.39 billion by 2030 [7] Group 2: Regional Insights - The Asia-Pacific (APAC) region is seen as an attractive investment opportunity due to growing populations, developing economies, and the need for affordable energy sources [3][12] - EVs currently make up 42% of auto sales in APAC, expected to reach 77% by 2037, while in Europe, EVs currently account for around 58% of auto sales, projected to jump to 99% by 2037 [10] - APAC is experiencing rapid increases in disposable incomes, leading to a forecast that the region will account for over 60% of the 115 million EVs sold worldwide over the next five years [13] Group 3: Company Strategies - Major oil companies like Shell, bp, and TotalEnergies are investing in EV charging infrastructure to adapt to the changing market [4][8] - Shell has prioritized investment in seven leading markets for EV adoption, including China, Germany, and the UK, due to their advanced pace of electrification [18][19] - European oil companies are reducing investment in EV charging infrastructure while maintaining a focus on Western markets, with Shell lowering its emissions reduction target for 2030 [17][19]
Chinese EV Firm’s Stock Surges, Then Stumbles on $1 Billion Bitcoin, Ethereum and BNB Plan
Yahoo Finance· 2025-09-24 17:09
Core Viewpoint - Jiuzi Holdings is adopting a crypto investment policy, allowing for up to $1 billion in investments in Bitcoin, Ethereum, and BNB, aiming to enhance long-term shareholder value [1][2]. Financial Position - As of October 31, 2024, Jiuzi Holdings reported approximately $943,000 in cash and cash equivalents, alongside a net income loss of around $55 million for the fiscal year [3]. Investment Strategy - The firm will not take custody of its crypto assets and has established a crypto risk asset committee as part of its investment policy framework [5]. - The company emphasizes a long-term investment approach, viewing crypto assets as stores of value rather than engaging in short-term trading or speculation [5]. Market Reaction - Following the announcement, shares of JZXN initially surged by 47% to $2.38 before retracing and are currently down nearly 10% at $1.46, reflecting a more than 99.9% decline over the past five years [1].
WEX Expands Electric Vehicle Charging Network With 3 New Partnerships
PYMNTS.com· 2025-09-23 20:51
Core Insights - WEX has formed three new partnerships to expand its electric vehicle (EV) charging network, enhancing payment capabilities for fleet operators across the U.S. [2][4] Partnerships and Collaborations - The new partnerships are with Lynkwell, Revel, and Ampcontrol, which will allow hundreds of additional charging stations to accept payments from WEX fleet operators [2] - In December 2024, WEX partnered with Qmerit to streamline the installation of EV chargers at commercial fleet drivers' homes, enabling overnight charging for work vehicles [6] Technology and Features - WEX has integrated its payment processing technology with various charging stations, allowing for streamlined EV charging experiences and better data for operational decisions [3] - The WEX EV Depot feature enables fleets to use the WEX Fleet Card at private chargers, providing a comprehensive EV charging and payment solution that includes depot, public, and at-home charging locations [4] Industry Context - As fleet managers transition from internal combustion engines to EVs, they face challenges in consolidating data across different charging infrastructures, which WEX aims to address with its solutions [4]
Hubject Teams with Blink Charging to Further Expand Intercharge Network Across North America
Globenewswire· 2025-09-22 12:30
Core Insights - Blink Charging Co. has announced a strategic collaboration with Hubject to integrate its charging network into Hubject's intercharge eRoaming platform, enhancing charging options for eMobility Service Providers (eMSPs) and their customers across North America [1][2][3] Company Overview - Blink Charging is a leading provider of electric vehicle (EV) charging equipment and services, offering a comprehensive range of charging solutions including Level 2 workplace solutions and high-power DC fast charging [4][10] - Hubject operates the world's largest cross-provider charging network, connecting over 1,000,000 charging points and more than 2,750 B2B partners across 70+ countries [7] Strategic Collaboration - The collaboration aims to strengthen Hubject's North American market position by incorporating Blink's charging infrastructure into its intercharge network, providing existing eMSP and CPO partners access to Blink's charging stations [2][3] - The integration will utilize industry-standard protocols, including OCPI, to ensure secure communication between Blink's infrastructure and Hubject's partners, with full integration targeted for completion by the end of 2025 [6][9] Market Impact - The agreement is expected to enhance the value proposition for both Hubject's eMSP partners and Blink's business growth, expanding both companies' presence in the growing North American EV market [3][9] - The collaboration will streamline operations through standardized billing and settlement, benefiting both eMSPs and Blink as a new CPO partner [9]
Why EVgo Stock Was an Electric Stock This Week
The Motley Fool· 2025-09-19 02:11
Core Viewpoint - EVgo's stock has seen a significant increase, with a 13% rise week to date, driven by positive analyst sentiment and ongoing developments in its joint venture charging business [1][2]. Group 1: Analyst Recommendations - Cantor Fitzgerald's Andres Sheppard has reiterated a buy recommendation for EVgo, setting a price target of $7 per share, indicating a potential upside of nearly 51% from the company's recent closing price [2]. - The positive outlook from analysts reflects confidence in EVgo's growth trajectory and market positioning [2]. Group 2: Joint Venture Developments - EVgo, in collaboration with General Motors and Pilot, has successfully established over 200 charging facilities across approximately 40 states, totaling around 850 charging stalls [4][5]. - The joint venture is strategically focusing on major interstate travel corridors and underserved rural areas to enhance its charging network [5]. Group 3: Future Goals - The joint venture aims to expand to 500 charging locations by the end of the year, which is crucial for achieving scale in the electric vehicle charging market [6].
EV Realty secures $75 million investment from NGP for charging expansion
Yahoo Finance· 2025-09-19 00:03
EV Realty announced Thursday it has secured $75 million in growth equity from private equity investor NGP to scale its portfolio of commercial fleet charging hubs. The company also broke ground on its first large-scale project in San Bernardino, Calif., featuring 76 DC fast-charging stalls with 9.9 MW of grid capacity that can serve more than 200 Class 8 trucks daily. “What we’ve focused on from the start is trying to address the barrier that we think really inhibits this adoption for the fleets that want ...
X @TechCrunch
TechCrunch· 2025-09-18 13:03
EV Realty wants to create a new class of real estate investment by building charging hubs on parcels near warehouses with power to spare. https://t.co/Wy41jSs02Q ...
Wallbox Strengthens European Presence with New EV Charging Infrastructure at Munich Airport
Businesswire· 2025-09-17 10:50
Core Insights - Wallbox has announced the deployment of its eM4 chargers at Munich Airport, enhancing the airport's e-mobility strategy and promoting sustainable transportation [1] Company Developments - The installation at Munich Airport features a new charging park with 275 charging ports, marking a significant step in Wallbox's commitment to electric vehicle charging solutions [1]
Blink Charging Achieves OCPP 2.0.1 Certification for EV Chargers
Globenewswire· 2025-09-16 13:20
Core Insights - Blink Charging Co. has achieved OCPP 2.0.1 certification for its Series 7, 8, and 9 charger models, positioning itself among a select group of EV charging companies in the U.S. [2][4] - The OCPP 2.0.1 standard enhances interoperability and supports the growing EV infrastructure, allowing Blink's chargers to connect seamlessly with various management platforms [3][5] - Blink's commitment to providing a seamless charging experience is reinforced by this certification, highlighting its leadership in software-driven EV charging solutions [6] Company Overview - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6] - The company's product offerings include the Blink Network, EV charging equipment, and associated services, utilizing proprietary cloud-based software for operation and maintenance [6] - Blink has established strategic partnerships for EV charging adoption across diverse locations, including parking facilities, residential areas, workplaces, healthcare facilities, and more [6]
Blink Charging Co (BLNK) Ramps up UK Expansion with Flowbird Smart City Pact
Yahoo Finance· 2025-09-11 17:15
Core Insights - Blink Charging Co. is expanding its presence in the UK market by securing partnerships for electric vehicle (EV) charging infrastructure, with Flowbird Smart City UK being the latest addition to its network [1][2]. Group 1: Company Developments - The UK subsidiary of Blink Charging will collaborate with Flowbird Smart City UK to provide EV charging solutions for NHS Property Services across the UK, starting with the installation of chargers at various NHS sites [2][3]. - The partnership aims to develop scalable EV charging networks, integrating Blink Charging's proprietary platform and Smarter Building portal [3]. Group 2: Business Model and Services - Blink Charging Co. offers comprehensive EV charging solutions, including the sale, installation, and operation of charging stations, as well as proprietary network software for various clients [3]. - Additional services provided by the company include site surveys, network management, and maintenance plans, with a focus on accelerating EV adoption and supporting sustainable transportation globally [3].