Company marks another record sales quarter
BARCELONA. April 19, 2021– Wallbox, the Barcelona-based electric vehicle (EV) charging solution provider, announced today that it is actively searching for a location to establish a U.S. manufacturing facility.
“The rapid growth we’re experiencing in the United States will require us to shortly increase capacity, and we believe by adding a factory in the US it will allow us to serve the U.S. market even better with local production and jobs,” said Wallbox Co-Founder and Chief Executive Officer Enric Asunción.
The company entered the U.S. market in 2020 and launched the US version of Pulsar Plus, its best selling residential charging solution on Feb. 1.
“Pulsar Plus is the first U.S. product we’ve launched in the US and it is far outperforming our projections. Sales have been growing consistently every week, impulsed by positive reviews from customers and industry experts,” added Asunción.
Last week, the Biden Administration announced that they want to add 500,000 public chargers in the U.S. as part of the $2 trillion USD infrastructure bill.
“This has opened up an opportunity to accelerate the expansion of Wallbox’s offerings in this segment,” said Asunción. “Our Supernova public charger was developed to solve the main challenges of building an extensive and reliable public charging network. It is modular, energy-efficient, and simpler to install and maintain, which represents a much lower total cost of ownership.”
Wallbox had another record quarter in Q1 2021, thanks in large part to the company’s successful global expansion strategy, agile supply chain management during the pandemic and growing government incentives and OEM electrification programs in many regions such as in Europe, United States and China. In some of the largest and fastest growing EV markets in Europe, such as the UK and Germany, Wallbox sales in Q1 have already nearly surpassed 2020 numbers.
“From January of 2020, we have expanded our distribution from just over 30 countries to 61 countries, with more to come,” said Asunción. “In a sector that is heavily fragmented and full of regional players, Wallbox is establishing itself as a global player, achieving triple digit growth across Europe, US, APAC and the Middle East.”
Wallbox is also expanding its manufacturing capacity in Europe, where the company is building a new factory in Barcelona to produce chargers for residential, semi-public and public uses. The new factory, announced earlier this year, is planned to start operating in Q3 of 2021.
Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry. Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger.
Wallbox offers a complete portfolio of charging and energy management solutions for residential and semi-public use in more than 60 countries, and soon will begin commercializing public charging solutions as well.
Founded in 2015, with headquarters in Barcelona, Wallbox’s mission is to facilitate the adoption of electric vehicles today to make more sustainable use of energy tomorrow. The company employs over 500 people in Europe, Asia, and the Americas.
US: Colleen Robar, 313.207.5960, [email protected]
GLOBAL: Bárbara Calixto, +34.671.518.711, [email protected]