What's Going On With Blink Charging Shares Wednesday?

Blink Charging Co. BLNK said on Wednesday that its U.K.-based unit collaborated with Evri, a parcel delivery company, to install one of Evri’s first EV charging hubs at its sorting center in Rugby.

In the first steps, Blink Charging UK will provide twelve chargers at a high-volume sorting center in Rugby.

“This is an exciting opportunity to work with Evri to accelerate the deployment of zero emission delivery services in the UK,” said Managing Director, Blink Charging UK, Alex Calnan. 

The charging site is the first step in a larger program to see new EV chargers installed at Evri’s sites across the U.K. to reach net-zero emissions by 2035. 

The charging hub at Rugby is a 24-hour operation, with the chargers expected to be in use 60-80% of the time. 

Each charger has been placed to be accessible to Evri’s hundreds of staff at the center as well as to their fleet vehicles.

“Blink will leverage our turnkey offering covering design, install and management of a scalable charging network, delivering future ready networks to support Evri’s ambitious plans,” Calnan added.

The company plans further to expand its offerings in the U.K. and Ireland to include new commercial and home chargers, global network services and apps, and new fleet management tools, Blink said.

According to Benzinga Pro, BLNK stock has lost over 67% in the past year. 

Price Action: BLNK shares are trading lower by 1.49% to $2.315 at last check Wednesday. 

Photo: courtesy of Blink.