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Blink Charging Co. (BLNK) Shares Soar 10.05% on Strategic Initiatives

Before the BellTuesday, Jun 10, 2025 9:12 am ET

1min read

Blink Charging Co. (BLNK) shares rose 10.05% in pre-market trading on June 10, 2025, driven by a series of strategic initiatives and partnerships aimed at expanding its electric vehicle (EV) charging infrastructure. The company has been actively involved in various projects to enhance its market position and drive growth.

Blink Charging has recently expanded its EV charging network in North Hertfordshire, adding new chargers that bring the total to just under 1,000 in Hertfordshire County. This expansion is part of the company's broader strategy to increase its presence in key markets and support the growing demand for EV charging solutions. Additionally, Blink Charging has introduced a new car-sharing program in collaboration with East West Hospitality, offering luxury EV car-sharing services at three distinguished properties managed by East West Hospitality in Snowmass, Colorado. This initiative underscores Blink's commitment to providing innovative and convenient EV charging solutions for both drivers and hosts.

In another significant development, Blink Charging has named Michael Bercovich as its new Chief Financial Officer, effective June 23, 2025. Bercovich brings a wealth of experience to the role, having previously served as Chief Financial Officer at Helios. His appointment is expected to strengthen Blink's financial management and support its strategic growth objectives. Furthermore, Blink Charging has announced a collaboration with WirelessCar and ChargeHub to launch a 'Seamless Charging' pilot program across North America. This initiative aims to simplify EV charging for drivers by providing a unified charging experience and enhancing accessibility to charging stations.

Blink Charging has also implemented a strategic restructuring plan to accelerate its BlinkForward initiative and strengthen its global market position. This plan includes operational cost reduction measures designed to enhance the company's financial performance and competitive edge. Additionally, Blink Charging has announced the closure of an SEC investigation with no enforcement action, further solidifying its regulatory compliance and operational integrity.

Looking ahead, Blink Charging is well-positioned to capitalize on the growing demand for EV charging solutions. With a strong pipeline of projects and strategic partnerships, the company is poised to continue its growth trajectory and expand its market share in the EV charging industry.

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