Orion Energy Systems, Inc. has announced the expansion of its Voltrek division to the Southeastern United States in response to ongoing demand for electric vehicle (EV) charging and electrical infrastructure. With a new office in Jacksonville, Florida, this marks the division’s third regional presence, complementing existing facilities in Massachusetts and Wisconsin. The expansion is led by William B. Rigsby, who brings a strong track record in EV charging sales growth and market expansion. This move aligns with recent federal initiatives emphasizing state-level decisions on the allocation of $5 billion in public funds for EV charging infrastructure, reflecting Orion’s strategy to adapt to evolving market dynamics and customer needs.
Elsewhere in the market, Sungrow Power Supply was a standout up 15.3% and ending trading at CN¥114.90, not far from its 52-week high. The company has opened its largest training center in Europe to advance technical expertise in renewable energy, reported yesterday. At the same time, AVIC Chengdu Aircraft trailed, down 14.3% to end trading at CN¥90.99.
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NIO closed at $6.58 up 3.1%. This week, NIO announced a second-quarter net loss of CNY 5,141.31 million despite increasing sales and deliveries.
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Tesla settled at $329.36 down 1.4%.
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BYD settled at HK$108.00 down 2.5%.
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