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        Blink Charging, a Nasdaq-listed EV charging station developer, has partnered with Tower Management Service L.P., a real estate operating company, to install EV charging infrastructure at residential properties.
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        The partnership has resulted in the installation of 53 Series 8 Level 2 EV charging stations across 12 Tower locations in New Jersey, with plans to expand the state&rsquo;s growing network of EV infrastructure. The project was supported by the NJ DEP's &quot;It Pay$ to Plug In&quot; program and additional funding from Volkswagen.
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        The collaboration includes Blink managing the entire lifecycle of the charging stations, from installation to operation and maintenance, providing Tower's residential communities with access to EV charging capabilities through Blink's cloud-based network software.
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    <a href="https://www.globenewswire.com/news-release/2024/11/19/2983678/0/en/Blink-Charging-Teams-with-Tower-Management-Completing-Installation-of-53-EV-Charging-Stations-for-Residents.html">
      Press release
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EV Economy

PROMINENT_CATEGORY

<div>
 <p>Blink Charging, an EV charging station developer listed on Nasdaq, has formed a partnership with real estate company Tower Management Service L.P. The collaboration is aimed at installing EV charging infrastructure in residential properties. </p>
 <p>As a result of this partnership, 53 Series 8 Level 2 EV charging stations have been set up across 12 Tower locations in New Jersey. The goal is to expand the state's growing network of EV infrastructure. The project received support from the NJ DEP's "It Pay$ to Plug In" program and additional funding from Volkswagen.</p>
 <p>Blink is responsible for managing the complete lifecycle of the charging stations, from installation to operation and maintenance. This gives residents of Tower's communities access to EV charging capabilities via Blink's cloud-based network software.</p>
 
</div>

Blink Charging partners with Tower Management to install 53 EV charging stations in New Jersey

INCUMBENTS_PRESENT

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 <p>EVgo, the largest DC fast-charging station network operator, is expanding its partnership with supermarket chain Meijer to install additional fast chargers at store locations in six Midwestern states. The expansion will see up to 480 new EV fast charging stalls installed by late 2027, with 30 new stations opening by the end of 2026 and another 30 by late 2027. The chargers, which will deliver rates between 100 and 350 kW, will be placed across Meijer stores in Michigan, Ohio, Illinois, Wisconsin, Indiana, and Kentucky.</p>
 <p>This move builds upon the initial partnership between EVgo and Meijer in <a href="https://investors.evgo.com/news/news-details/2021/EVgo-Announces-New-Partnership-with-Meijer-to-Install-EV-Charging-Stations-at-Grocery-Store-Locations/default.aspx"> March 2021 </a> , resulting in the installation of 24 public EV fast chargers at six Meijer stores in Michigan and Ohio. These chargers support the retailer's sustainability goals and contribute to the growth of EV adoption in the region.</p>
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EVgo and Meijer partner to install 480 EV fast chargers across Midwest stores

ANALYST_QUICK_TAKE

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 <p>Chinese EV manufacturer, NIO, listed on the NYSE, has made a strategic alliance with Green Car for launching its operations in Azerbaijan, thus penetrating a fresh international market.</p>
 <p>This development will allow Nio to bring its intelligent EV products and services to consumers in Azerbaijan, with the anticipation of starting deliveries in the second quarter of 2025.</p>
 <p>Besides, NIO has teamed up with Avatr Technology, Changan Automobile's EV subsidiary, permitting Avatr to access NIO's charging network infrastructure in China, making it the 14th brand to become a part of the network.</p>
 <p>With the Avatr app, Avatr users can avail themselves of Nio Power's widespread charging infrastructure that incorporates 2,442 supercharging stations with 11,206 charging piles and 1,660 destination charging stations with 12,887 charging piles throughout China.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> This partnership follows a previous agreement between Changan and Nio in November 2023 to collaborate on battery swap standards, network sharing, and battery asset management. Major automotive brands such as Chery, Dongfeng M-Hero, Huawei HIMA, FAW Hongqi, and <a href="https:<br>
//sp-edge.com/updates/29360"> GAC Energy </a> have also joined NIO’s charging network. In <a href="https:<br>
//sp-edge.com/updates/34661"> October 2024 </a> , NIO also formed a joint venture with CYVN Holdings to expand into the Middle East and North Africa markets.</p>

NIO enters Azerbaijan and partners with Avatr to provide access to charging networks across China

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 <p>Scania, a Swedish truck manufacturer under Volkswagen's Traton Group, is looking into more battery suppliers while retaining its electric truck battery partnership with Swedish EV battery maker, Northvolt.</p>
 <p>Despite their commitment to Northvolt, famous for green battery cells, Scania is initiating talks with other battery makers due to Northvolt's production and delivery issues. Scania has set a goal for 50% of its sales to be electric trucks by 2030, increasing from the current 1%, which necessitates a diverse supplier base.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> In <a href="https:<br>
//sp-edge.com/updates/33909"> September 2024 </a> , Northvolt’s production was affected by the restructuring of its operations and staff layoffs in Sweden. Subsequently, its subsidiary, Northvolt Ett Expansion, filed for bankruptcy in <a href="https:<br>
//sp-edge.com/updates/34665"> October 2024 </a> . Northvolt announced that it would refocus its operations on battery cell production and withdraw from other segments.</p>

Scania explores battery suppliers while maintaining Northvolt partnership for EV trucks

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 <p>Italian energy company Eni and its subsidiary Plenitude have signed an agreement with Energy Infrastructure Partners (EIP), a Swiss fund manager, regarding EIP increasing its stake in Plenitude through a capital increase of EUR 209 million (USD 221 million).</p>
 <p>With this agreement, EIP's stake in Plenitude will rise to 10%, representing a total investment of EUR 800 million (USD 847 million). This values Plenitude at an equity value of EUR 8 billion (USD 8.5 billion) and an enterprise value exceeding EUR 10 billion (USD 10.6 billion). The primary objective of this partnership is to bolster Plenitude's growth strategy, while Eni retains consolidation and control over the company.</p>
 <p>This deal contributes to Eni's wider satellite model strategy, which strives to support independent growth of businesses with high potential. At present, Plenitude is operating in over 15 countries, possessing three GW of renewable power capacity, a customer base of 10 million, and 21,000 electric vehicle charging points.</p>
 
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Eni partners with Energy Infrastructure Partners for EUR 209 million investment in Plenitude

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 <p>Eni Gas &amp; Power France, a prominent energy company in France with around 1 million customers, has undergone a rebranding and is now known as Plenitude. The company offers its services throughout Europe and has a broad portfolio that includes delivery of energy solutions, production of renewable energy, and the provision of EV charging services.</p>
 <p>Along with its new identity, the company has introduced a new customer service model and a state-of-the-art technological platform. Plenitude now boasts of providing electricity generated from renewable sources, a fact that is certified through French guarantees of origin. In terms of its green initiatives, the company runs 120 Megawatts-peak of photovoltaic capacity and has plans underway to develop more than 700 MW of new renewable energy projects in solar and wind. A substantial part of its operations also include providing access to over 400,000 interoperable charging points across Europe through the Plenitude On the Road app.</p>
 <p>The rebranding is an important strategic move for Plenitude as it aims to bolster its presence in the renewable energy sector of France. The company has set ambitious targets: expand its customer base to 11.5 million by 2027, achieve over 15 GW of installed renewable capacity by 2030, and establish a network of 40,000 charging points by 2027.</p>
 
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Eni Gas & Power France rebrands to Plenitude

<div>
 <p>ChargePoint, an NYSE-listed EV charging solutions provider, has launched a new home installation program for American customers buying their ChargePoint Home Flex residential charger. This service is created to streamline the process of purchasing and installing a home charger.</p>
 <p>The program enables customers to get an immediate installation quote and date just by answering three basic questions about their home. This eliminates the need to hire an electrician or arrange pre-installation visits. The installation process is dealt by ChargePoint's certified network of installation partners. </p>
 </div>

ChargePoint launches home installation program for EV chargers

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 <p>EVgo, a leading DC fast-charging station operator, and power management company Delta Electronics have entered into an agreement to develop next-generation EV charging technology.</p>
 <p>This partnership is designed to improve customer satisfaction, dependability, and energy efficiency. The new system will include advanced software, 400kW high-capacity dispensers, longer cables, and the ability to dynamically share power across six charging stations.</p>
 <p>The new chargers are expected to be installed by the latter half of 2026, yielding a projected 30% reduction in station capital costs and an approximately 20% increase in peak power delivery output.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> <a href="https:<br>
//sp-edge.com/updates/34695"> Earlier this month </a> , the company received a conditional commitment for a loan guarantee of up to USD 1.05 billion from the US Department of Energy (DOE). The funds were intended to accelerate the expansion of EVgo's fast-charging network across the US, with plans to build approximately 7,500 additional fast-charging stations by 2030. EVgo and the US DOE plan to collaborate on long-term solutions to support EV charging.&nbsp;</p>

EVgo partners with Delta Electronics to develop next-generation EV charging architecture

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 <p>Swedish EV battery and energy storage manufacturer, Northvolt, has revealed that its subsidiary, Northvolt Ett Expansion, has filed for bankruptcy. This follows the suspension of the expansion project of Northvolt's factory in Skelleftea, northern Sweden <a href="https://sp-edge.com/updates/33909"> last month </a>. As part of a company restructuring, Northvolt is also eliminating approximately 20% of its global workforce, equating to 1,600 out of 6,500 jobs.</p>
 <p>The company is shifting its focus onto battery cell production, whilst simultaneously discontinuing sectors such as cathode manufacturing and recycling. The aim being to stabilize Northvolt's financial situation and concentrate on its primary business.</p>
</div>

Northvolt subsidiary files for bankruptcy after expansion suspended

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 <p>NIO, a Chinese electric vehicle (EV) firm listed on the NYSE, has entered an agreement with Abu Dhabi-based CYVN Holdings to set up NIO MENA, a joint venture targeting the Middle East and North Africa. The objective of this partnership is to bring NIO and its subsidiary brands to the MENA territory, commencing with the UAE in the fourth quarter of 2024.</p>
 <p>This alliance includes plans for local production, research and development, as well as the introduction of a new electric vehicle model designed specifically for the local market.</p>
 <p>Moreover, NIO and CYVN intend to build a research and development center in Abu Dhabi, with a spotlight on autonomous driving and AI. The partners also aim to collaborate with local entities in Egypt with an eye to enhancing the country's standing in the EV manufacturing field.</p>
</div> <p><b>Analyst QuickTake:<br>
</b> <a href="https:<br>
//sp-edge.com/updates/34249"> Earlier this month </a> , the company partnered with Monolith, an AI software provider, to deploy AI technology to improve EV battery monitoring and performance. The partnership will use Monolith's Anomaly Detector AI software to monitor the battery performance data of NIO's EVs in the field and identify any anomalies. In <a href="https:<br>
//sp-edge.com/updates/26991"> February 2024 </a> , NIO entered a technology licensing agreement with Forseven Limited, a subsidiary of CYVN Holdings.&nbsp;</p>

All Updates

Blink Charging partners with Tower Management to install 53 EV charging stations in New Jersey

EVgo and Meijer partner to install 480 EV fast chargers across Midwest stores

NIO enters Azerbaijan and partners with Avatr to provide access to charging networks across China

Scania explores battery suppliers while maintaining Northvolt partnership for EV trucks

Eni partners with Energy Infrastructure Partners for EUR 209 million investment in Plenitude

Eni Gas & Power France rebrands to Plenitude

ChargePoint launches home installation program for EV chargers

EVgo partners with Delta Electronics to develop next-generation EV charging architecture

Northvolt subsidiary files for bankruptcy after expansion suspended

NIO and CYVN form JV NIO MENA to expand into Middle East and North Africa

EV Economy

Blink Charging partners with Tower Management to install 53 EV charging stations in New Jersey

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