Shell to unload 1,000 retail locations in pivot to EV charging [Yahoo! Finance]
Blink Charging Co. (BLNK)
Last blink charging co. earnings: 8/14 04:26 pm
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ir.blinkcharging.com
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Source: Yahoo! Finance
“We are upgrading our retail network, with expanded electric vehicle charging and convenience offers, in response to changing customer needs,” Shell said in its 2024 Energy Transition Strategy report . The company plans to “divest around 500 Shell-owned sites (including joint ventures) a year in 2024 and 2025." The company's plans were first reported by Bloomberg News The closures will shrink the company's retail footprint by 2.1%. In 2023, the company operated 47,000 locations. Shell said it will need to find additional locations or expand the size of current Shell locations in order to boost its charging business. The company said it would spend more on public charging, as opposed to home charging initiatives that are more popular in regions like North America, because Shell believes public charging will be “needed most by our customers.” Shell said it will be focusing its efforts more in China and Europe, where the EV market is more developed and demand is high for public EV
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BLNK
News
- Why Blink Charging Stock Crushed the Market Today [Yahoo! Finance]Yahoo! Finance
- Blink Charging Selected as Official Electric Vehicle Charger and Network Services Provider for State of New York [Yahoo! Finance]Yahoo! Finance
- Blink Charging Selected as Official Electric Vehicle Charger and Network Services Provider for State of New YorkGlobeNewswire
- Blink Charging to Host First Quarter 2024 Conference Call on Thursday, May 9, 2024GlobeNewswire
- Blink Charging UK Teams Up with Evri to Support Courier’s Vision to Electrify FleetGlobeNewswire
BLNK
Earnings
- 3/14/24 - Beat
BLNK
Sec Filings
- 4/26/24 - Form 10-K/A
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- BLNK's page on the SEC website