ChargePoint Holdings, Inc. (NYSE:CHPT) shares are trading down Thursday. The company announced new technology to better support the future of the trucking industry.
What Happened: ChargePoint announced its support for the Megawatt Charging System (MCS), the latest addition to ChargePoint’s leading DC fast charging lineup. The company said the system is expected to be capable of providing enough energy to power approximately 1,000 homes.
The MCS cable and connector will be available on ChargePoint’s PowerLink 2000 stations, part of the modular Express Plus DC fast charging platform.
The new system ...