Blink Charging(NASDAQ:BLNK) stock is getting a boost on Tuesday from a deal with General Motors(NYSE:GM) for its electric vehicle (EV) chargers.
Let’sdive into that newsbelow and see why investors are celebrating today!
- Blink Charging has signed a deal with GM to provide it with EV chargers.
- That includes its car dealerships in the U.S. and Canada.
- This will have it working with ABM to supply IQ 200 Level 2 chargers to GM.
- BLNK notes that it is already supplying chargers to some GM locations.
- It plans to expand to these new locations over the next few months.
- The company notes that these chargers are its fastest Level 2 AC charging stations available.
- They produce 80 Amps of output, which provides EVs with 19.2kW.
- That allows for reduced charging time.
- To go along with that, its local load management allows for two to 20 chargers to run on a single circuit.