Blink Charging CEO talks explosive growth in Q1 and outlook for EVs
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- Опубліковано 12 тра 2024
- Despite fears of an electric vehicle (EV) adoption slowdown, Blink Charging (BLNK) defied expectations by reporting a 195% surge in gross profit during its first quarter results. To shed light on the company's expansion plans and the broader EV landscape, Blink Charging President & CEO Brendan Jones joins Catalysts.
Jones highlights the company's continued observation of EV adoption globally, with Europe emerging as a significant revenue driver. In this region, EV sales continue to rise, accompanied by an expansion of EV infrastructure. Notably, Jones points out that utilization of charging stations is also on the upswing, reflecting the growing demand for EV-related services.
While acknowledging slowdowns experienced by industry giants like Tesla (TSLA), Jones draws attention to the contrasting strategies of other automakers. Hyundai (HYMTF), for instance, has doubled down on its commitment to EVs, further investing in the sector. "You saw some stuff that said 'hey, we might be slowing,' but then you also saw a lot of encouraging activity that said the space is going to continue to grow over the long-term," Jones tells Yahoo Finance.
#youtube #EV #news
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I didn’t hear specifics about the “explosive growth” that I expected to hear. How many new units came online. Where are they generally. How many new partners are there. Did Blink close deals with any hotels, restaurants, shopping districts. Where can I charge at Blink now that I couldn’t in the previous quarter. What’s the source of the growth and how can it be sustained. All I heard was profits up, margins good, sales good. Not a great article. I think Yahoo can do better.
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They're trying their best to get more suckers to get a stupid EV the stock moved by only 10 cents and they're acting like it's somethin more than what it is smdh
The idiots are the ones clinging to the old inferior technology of ICE cars. It's like still listening to music on an LP turntable.
Bro, are these bots up in here 😂
First