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Stock impact report

FOCUS-As EVs go mainstream, a rush for share of home charger market [Reuters]

Wallbox N.V. (WBX) 
Company Research Source: Reuters
is heating up and that will feed further dealmaking in the sector as tens of millions of units are installed globally over the next decade. According to a Reuters analysis, more than 100 companies in Europe offer home EV chargers and there are more than 50 such companies in the United States. Many also sell public EV chargers. Here is a graphic: tmsnrt.rs/3yr3BgL Increasing regulations requiring software investments, from cybersecurity to smart-charging capabilities, and rapidly growing sales will only accelerate market consolidation, industry executives said. “It's a hot sector, it has attracted a lot of talent and capital,” said Carlos Fisch, a director at Madrid-based venture capital firm Seaya Venture, which specializes in disruptive and sustainable technologies and owns around 8% of Spanish charging company Wallbox NV. “We expect a big consolidation.” Fisch said the real winners will be those with superior software to manage power in the home and “bidirectional” charging, Show less Read more
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