- Polar Power Inc POLA said it is taking advance orders for its new line of mobile Combined Charging System (CCS) Electric Vehicle (EV) chargers.
- The chargers are expected to be available before the end of the first quarter of 2024.
- Mobile EV chargers are used for emergency roadside service providing a fast-charging solution for EVs that have run out of charge before reaching a stationary charging facility.
- The aim of the CCS is not to fully charge the vehicle but place a sufficient charge allowing the vehicle to proceed to the nearest charging station.
- Polar is upgrading its mobile CHAdeMO EV chargers to the universal CCS standard to meet the larger market opportunity.
- The first sizes to ship will be 15 kW and 30 kW using either propane, natural gas, or diesel.
- Price Action: POLA shares are trading higher by 33.17% at $1.37 on the last check Thursday.
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