Blink Charging Boosts Presence In Latin America; Plans Region-Specific Products

Blink Charging Co BLNK disclosed expanding its footprint in Latin America (LATAM) to boost its EV charging footprint. 

Since it entered LATAM in 2020, Blink has successfully sold or deployed over 2,100 EV chargers across eight countries. 

In the next few months, Blink aims to launch DCFC, commercial and residential Level 2 chargers fitted with GB/T plugs to cater to the increasing demand for Chinese-manufactured EVs in the region.

Going forward, the company aims to foray into Brazil, Argentina, and Peru markets.

Notably, Latin America witnessed a strong 57% surge in EV charger sales in Q1 2023 compared to the figures at the close of 2022.

Also Read: Blink Charging Adopts North America Charging Standard Into Entire Product Line

Last week, BLNK reported a Q2 EPS loss of $(0.44), which beat the consensus of $(0.49), and sales of $32.84 million, beating the analyst consensus estimate of $23.76 million. 

Price Action: BLNK shares are trading lower by 3.26% at $5.49 on the last check Tuesday.