Friday, October 18, 2024

Shakeout in the EV charging market: EVBox and Enel X exit the stage


The EV charger market is undergoing a wave of consolidation. In May, Charge Enterprises emerged from Chapter 11 after a reorganization. In August, insolvent Australian charger manufacturer Tritium was acquired by an Indian firm. In September, KEBA acquired Austria’s EnerCharge.

The latest shoes to drop are EVBox and Enel X.

Amsterdam-based EVBox is closing its operations in the Netherlands, Germany and the US. French firm Engie, which acquired EVBox in 2017, says it will liquidate the EVBox group, which has posted losses of €800 million since the acquisition.

It’s unclear at this point what will happen to EVBox’s customers. Engie says the company has over 20,000 business customers, and has supplied 500,000 charging points around the world. These include a 480 kW electric truck charging station between Paris and Lyon, which opened last week, and some 40 charging stations that the state of Illinois recently bought to install in parks and public areas.

Enel X, the maker of JuiceBox chargers, has announced the closing of its North American operations. Blink Charging has stepped in to support Enel X customers, offering warranty and maintenance programs to former Enel X customers that choose to sign up with Blink.

“We’re focused on removing the obstacles to EV charging and making this investment beneficial for everyone involved. A rewarding investment comes from the confidence that the company and its products will remain reliable and innovative,” said Michael Battaglia, COO and CEO-Elect of Blink. “Our inventory is ready to ship and replace immediately.”

Sources: Electrek, Blink Charging



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