Australian Company To Build 30,000 Fast Charger EV Charging Stations Annually In A New Plant Near Nashville, Tenn., In An Industry Seen Growing At A CAGR Of 30.26% To Reach $111.90 Billion By 2028; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. Subsidiary In EV Charging Station Industry
Tritium DCFC (NASDAQ: DCFC), an Australian company, plans to break ground later this year on a new plant near Nashville, Tenn., that is planned to build some 30,000 fast charger EV Charging Stations annually. The industry is seen by Fortune Business Insights research as reaching $111.90 billion by 2028, growing at a quick CAGR of 30.26%. The factory will employ 500 jobs in Lebanon, just East of Nashville. The move is good for Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. EV Charging Station subsidiary as it bodes well for the Charging industry.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
Australian Company To Build 30,000 Fast Charger EV Charging Stations Annually In A New Plant Near Nashville, Tenn., In An Industry Seen Growing At A CAGR Of 30.26% To Reach $111.90 Billion By 2028; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. Subsidiary In EV Charging Station Industry
Although Tennessee is a right to work state and President Biden is loyal to unions, the new plant from a foreign company received a welcome from the White House. Tritium DCFC (NASDAQ: DCFC) plans to run six production lines at the new facility. It will produce there its award-winning RTM and all-new PKM150 chargers. Tritium only first listed on the NASDAQ on January 14.
Jane Hunter, CEO of Tritium DCFC (NASDAQ: DCFC), says, “Tritium’s investment in a U.S.-based, cutting edge facility for manufacturing is part of our strong push toward global growth in support of the e-mobility industry. We are thrilled to work with the U.S. federal government and the State of Tennessee on this initiative.”
Production at the new plant is scheduled to begin sometime in Q3 of 2022 for the nationwide profile of the U.S. For the 12 months ended December 31, 2021, 43% of Tritium DCFC’s (NASDAQ: DCFC) annual revenue vs. 23% the comparable period YOY.
Hunter added that she hoped that the company would double or triple its charger production capacity to enable it to further its production distribution throughout the U.S. Australian Company To Build 30,000 Fast Charger EV Charging Stations Annually In A New Plant Near Nashville, Tenn., In An Industry Seen Growing At A CAGR Of 30.26% To Reach $111.90 Billion By 2028; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. Subsidiary In EV Charging Station Industry.
Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. Subsidiary foresees the opportunity in the EV Charging Station industry in the U.S. Foreignn companies do, too. Tesla (NASDAQ: TSLA), Blink Charging (NASDAQ: BLNK) and EVGo (NASDAQ: EVGO) are the early leaders in the EV Charging Station industry in the U.S.
President Biden envisions a national network of 500,000 chargers to support a fleet of newly sold electric vehicles. Marketers understand that EV Charging Stations are vital to propel sales of electric cars/trucks to range anxiety-fearful potential buyers. The more EV Charging Stations highly visible on roads, the better for electric car sales.
That’s why for EV Charging Stations building more is not enough. They need to be highly visible to drivers of gas-powered vehicles and be seen as an option for the next lease or car/truck purchase. Australian Company To Build 30,000 Fast Charger EV Charging Stations Annually In A New Plant Near Nashville, Tenn., In An Industry Seen Growing At A CAGR Of 30.26% To Reach $111.90 Billion By 2028; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. Subsidiary In EV Charging Station Industry.
Some, like the Volkswagen Group subsidiary ‘Electrify America’ is going high profile already — with green neon lighting and selection of high profile locations along major highways, they told the Wall Street Journal.
OEM car companies are going all-in — General Motors (NYSE: GM) is cutting out dividends in favor of electric car/truck investments — but potential buyers need to see more EV Charging Stations in operation than just be told they exist.
SIRC’s PLEMCo., subsidiary has an enormous opportunity to participate in the EV Charging Station industry. It is already a bidder on government contracts that will fund EV Charging Station installation initiatives.
Tesla (NASDAQ: TSLA) i the market leader in electric car sales and aftermarket EV Charging Stations. Everyone wants to catch Tesla. These competitors include: Ford (NYSE: F), General Motors (NYSE: GM) Toyota (NYSE: TM), Nissan and all the European brands,such as BMW, Volkswagen, Mercedes, and others. Even Toyota — the slowest to join electric car believers — is now a competitor in electric cars/ trucks.
EV Charging Station installers, like SIRC’s PLEMCo., see the opportunities ahead. As a result, they are bidding for government RFP contracts. They may be slow in coming, but they are large. SIRC is also an applicant for some $80 million in new government federal dollars to help build more EV Charging Stations.
If Biden is to hit his goal of a government-owned fleet of 500,000 electric vehicles — and hit 2030 carbon pollutant-reduction goals — he will need to fund the building of more EV Charging Stations. That’s great news for installers like SIRC and its PLEMCo. subsidiary.
Australian Company To Build 30,000 Fast Charger EV Charging Stations Annually In A New Plant Near Nashville, Tenn., In An Industry Seen Growing At A CAGR Of 30.26% To Reach $111.90 Billion By 2028; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. Subsidiary In EV Charging Station Industry
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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