Wallbox opens first North American factory in Arlington, Texas

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State-of-the-art facility will have the capacity to produce over 250,000 EV chargers in 2022 and over 1 million in 2030 exclusively for the North American market.
EV charging leader offered a live demo of Hypernova, its 400kW DC fast charger which is capable of adding up to 100 miles of range in just five minutes of charging.
Wallbox’s $70 million investment in the Arlington factory will support approximately 700 local jobs by 2030.

Mountain View, CA – October 27, 2022 – Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, officially opened its first North American manufacturing facility in Arlington, Texas. Designed to produce over 250,000 units in 2022 and over one million in 2030, the 130,000 square foot factory will manufacture all of the company’s chargers in the U.S. which will serve multiple segments of EV charging including residential charging, bidirectional charging and hyperfast highway corridor charging.

“Today only 3% of the chargers required globally for the next decade have been installed, showing the magnitude of the need for innovative and reliable charging solutions,” said Enric Asunción, CEO of Wallbox. “Bringing Wallbox’s manufacturing capabilities to the U.S. significantly bolsters our ability to meet U.S. needs, deliver to public funding programs and drive the energy transition.”

As part of the factory opening, Wallbox offered a live demonstration of Hypernova, its hyperfast DC charging solution that delivers up to 400 kW of charging power, making it ideal for highway corridors. The charger is capable of adding up to 100 miles of range in just five minutes of charging.

Hypernova was designed specifically to be deployed throughout long-distance EV corridors, the same as those defined by the National Electric Vehicle Infrastructure (NEVI) Formula Program. All Hypernova chargers produced in the Arlington facility are expected to meet Buy America requirements when production begins in 2023.

Hypernova has a centralized power system that can feed one or multiple dispenser units. The innovative design allows for a wide variety of configurations that can be upgraded over time, including the addition of more power modules or dispenser units to the installation, thereby allowing charging services operators and fleets to match current and future demand. It offers a seamless user experience with its compact size, integrated cable management system, interactive lighting system and sunlight readable touchscreen.

“Hypernova was specifically designed to bolster public charging infrastructure in the U.S.,” said Douglas Alfaro, General Manager North America at Wallbox. “It aims to solve the current deficit in public charging along key U.S. highway corridors and simplify long-distance traveling for EV drivers. We’re already seeing vehicles with higher power charging capabilities hit the road that would be looking to benefit from faster charging from an ultra fast charger like Hypernova than what’s being installed today.”

The Arlington facility is now producing Pulsar Plus, Wallbox’s global best-selling smart home EV charger that is compatible with all EVs. In 2023, the factory is expected to begin the production of Hypernova.

This new facility complements Wallbox’s existing operations and services in North America, including its North American headquarters in Mountain View, California, and warehouses in Burlington, North Carolina and Bloomington, California. It is also Wallbox’s fourth manufacturing facility worldwide.

The $70 million project is expected to double the local workforce over the next twelve months and bring approximately 250 jobs to the Arlington area by 2025 and approximately 700 by 2030. To further demonstrate its commitment to the local community, Wallbox is contributing $30,000 to start the Wallbox Endowed Scholarship at Tarrant County College in Fort Worth, TX. The scholarship will provide financial aid to a different TCC student each year, in perpetuity (beginning in 2025).

“Clean energy is the future, and together, we’re going to lead the world in innovation and we’re going to make sure all of America sees the benefits.“ said Mitch Landrieu, Senior Advisor to President Biden and Infrastructure Coordinator. “Wallbox’s rapid growth proves that we can do this work while creating good-paying jobs and growing the economy right here in America.”

“Wallbox is a significant addition to Arlington’s Great Southwest Industrial District and we’re thrilled the company chose our city for its first U.S. manufacturing plant. Wallbox hasn’t just brought great-paying manufacturing jobs to our city, they have created jobs that are geared towards the future of where this country is going. The company is already at work creating electric vehicle charging units right here in Arlington that will be shipped all across North America,” Mayor Jim Ross said.

The new factory is being constructed through a cradle-to-cradle methodology whereby unnecessary waste is eliminated through design and eco-efficient materials. This approach is part of Wallbox’s commitment to promote sustainability in all aspects of the business. The company is committed to achieve Net Zero greenhouse gas (GHG) emissions across its global footprint by 2030.

About Wallbox Chargers

Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry. Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 100 countries. Founded in 2015, with headquarters in Barcelona, Wallbox’s mission is to facilitate the adoption of electric vehicles today to make more sustainable use of energy tomorrow. The company employs approximately 1,100 people in Europe, Asia, and the Americas.

For additional information, please visit www.wallbox.com.

Wallbox Forward Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the timing of Wallbox’s achievement of its emissions targets and goals. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will” or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements, including those discussed under the caption “Risk Factors” in Wallbox’s Post-Effective Amendment No, 3 to Wallbox’s Registration Statement on Form F-1 (File No. 333-260652) Filed on September 28, 2022, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

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