Electric Vehicle Charging Firm Wallbox Joins Forces With Atlante To Deploy EV Fast-Charging Network In Southern Europe

Wallbox N.V. WBX, a provider of electric vehicle charging and energy management solutions, and Atlante, a company of NHOA Group, have joined forces to develop new public charging points in Italy, France, Spain, and Portugal.

The partnership with Wallbox will enable Atlante to speed up its project of installing 5,000 points of charge by 2025 and 35,000 by 2030, all 100% enabled by renewables and backed by storage and photovoltaic canopies, where possible. 

Atlante's fast-charging stations will be equipped with Wallbox's public charger Supernova, both in its 60 kW version and the latest 150 kW version. 

They will be strategically positioned along the primary transportation arteries linking Southern Europe in strict compliance with the recently ratified legislation by the European Parliament. 

This legislation stipulates establishing at least one charging point per 60 kilometers on the core road network of the European Union and one for every 100 kilometers on the Trans-European network. 

Additionally, Atlante will install charging stations in parking lots and strategic urban areas.

Wallbox and Atlante have been collaborating since 2022, when the Italian company chose Wallbox as a partner to install superfast charging points in Italy. 

The Milan-based company already has over 3,500 charging points online and under construction. In 2022 and 2023, the company was selected to receive approximately €73 million in grants.

Price Action: WBX shares are down 5.96% at $1.42 during the premarket session on the last check Monday.