As electric vehicles grow in popularity, so does their need for charging stations. This has resulted in impressive growth for charging solution companies like Wallbox and the Barcelona-based company is now scouting out locations for their first U.S. manufacturing facility.
Wallbox Co-Founder and Chief Executive Officer Enric Asunción said in a statement that the company’s growth they’re experiencing in the United States “will require us to shortly increase capacity, and we believe by adding a factory in the U.S. will allow us to serve the U.S. market even better with local production and jobs.” Wallbox entered the American market last year and launched their U.S. version of their best-selling Pulsar Plus residential charging system on February 1st. “Pulsar Plus is the first U.S. product we’ve launched in the U.S. 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.
Wallbox experienced a record Q1 this year, due in large part to their global expansion strategy. In Europe, where many nations are heavily pushing a switch to electric vehicles with government incentives and OEM electrification programs, Wallbox has seen some of its strongest sales. In the U.K. and Germany alone, their Q1 sales have nearly passed their entire 2020 sales.
Expansion into the U.S. is also being fueled by similar government incentives. Last week, the Biden administration announced their goal to add 500,000 public charges into the planned $2 trillion infrastructure bill. According to Asunción, “This has opened up an opportunity to accelerate the expansion of Wallbox’s offerings in this segment… 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.”