2023-08-15 09:18:42 ET
Blink Charging ( NASDAQ: BLNK ) announced a major expansion of its footprint in Latin America on Tuesday. The company said it will become a leader in growing the electric vehicle charging market within the region.
Since its entry into the Latin American market in 2020, Blink Charging ( BLNK ) has established a notable presence, having successfully sold or deployed more than 2,100 EV chargers across eight countries. The company said its success can be attributed to its wide, diverse range of state-of-the-art and user-friendly product offerings, encompassing Level 2 chargers tailored to different plug types commonly found throughout LATAM.
The Florida-based company said electric vehicle chargers have been successfully sold or deployed in a range of LATAM countries including Mexico, Guatemala, El Salvador, Honduras, Costa Rica, Panama, Jamaica, Puerto Rico, Dominican Republic, Turks and Caicos Islands, Aruba, Colombia, Chile, Paraguay and Uruguay.
Blink Charging ( BLNK ) said its commitment to driving the advancement of transportation electrification in Latin America has been particularly strong in Mexico and Central America.
Mexico is poised to become one of the top three leaders in the Latin American EV market, with Blink already having successfully sold or deployed over 840 chargers within the country. Blink’s efforts support the growing EV production in the country, expected to reach a notable 148,000 units thus far in 2023. The Mexican government has committed to ensuring that 50% of all cars sold domestically by 2030 will be EVs, thereby necessitating swift development of EV charging infrastructure. Meanwhile, in Costa Rica, one of the most developed EV markets in Central America, the government extended tax incentives and procurement program benefits to support zero-emission vehicle targets.
Shares of Blink Charging ( BLNK ) fell 0.20% premarket on Tuesday.
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Blink Charging expands presence in Latin America