Shares of Blink Charging (BLNK), ChargePoint (CHPT), and Climate Change Crisis Real Impact I (CLII), which is merging with EVgo (EVGO), are on the rise on Wednesday after General Motors (GM) announced collaborations with seven “major charging networks.” GM COLLABORATION: General Motors has introduced “Ultium Charge 360,” which it calls “a holistic charging approach that integrates charging networks, GM vehicle mobile apps, and other products and services to simplify the overall charging experience for GM electric vehicle owners.” GM said it will continue to work with a variety of third parties, including charge point operators, electric utilities and government agencies to make home, workplace, public and fleet charging ubiquitous for customers. The company also announced it now has signed agreements with “seven major charging providers,” namely Blink Charging, ChargePoint, EV Connect, EVgo, FLO, Greenlots and SemaConnect. “The first GM and EVgo sites are now live in Washington, California and Florida, nine months after a commitment to add more than 2,700 fast chargers in cities and suburbs by the end of 2025 was first announced. Each site is capable of delivering up to 350 kilowatts and averages four chargers per site. GM and EVgo are on track to have approximately 500 fast charging stalls live by the end of 2021,” the carmaker added. PRICE ACTION: In afternoon trading, shares of Blink have jumped over 7% to $39.78, while ChargePoint has gained almost 5% to $26.26. Also higher, Climate Change Crisis Real Impact has advanced about 6% to $13.50.
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