Blink Charging announces a strategic shift to contract manufacturing for EV hardware, enhancing efficiency and innovation while retaining intellectual property.
Quiver AI Summary
Blink Charging Co. has announced a strategic shift towards contract manufacturing for its electric vehicle (EV) charging hardware, part of its BlinkForward initiative aimed at streamlining operations, accelerating growth, and enhancing profitability. By partnering with external manufacturers, Blink intends to reduce overhead costs while focusing more on innovation and service. CEO Mike Battaglia highlighted that the transition allows for improved efficiency and flexibility while maintaining control over technology and design. The company will continue to own its intellectual property and has established multiple manufacturing partnerships in the U.S. and India to ensure quality and resilience in its supply chain. This transition is set to be completed by early 2026, positioning Blink for significant advancements in EV charging solutions.
Potential Positives
- Blink Charging is enhancing its operational efficiency and profitability through a strategic shift to contract manufacturing for its EV charging hardware.
- The company aims to reduce overhead costs and improve service expansion by leveraging external manufacturing expertise while retaining control over technology and intellectual property.
- Geographic diversification of manufacturing partners is expected to enhance supply-chain resilience and maintain consistent quality of products.
- This transition positions Blink for accelerated growth and innovation in the EV charging market, with full implementation anticipated by early 2026.
Potential Negatives
- The shift to contract manufacturing may raise concerns about quality control and reliance on third-party manufacturers, which could affect product integrity and brand reputation.
- While outsourcing production aims to improve efficiency, it could lead to job losses within the company, potentially impacting employee morale and public perception.
- Dependence on external manufacturing partners may create vulnerabilities in the supply chain, especially in the event of disruptions or geopolitical issues affecting those regions.
FAQ
What is Blink Charging's new production model?
Blink Charging is transitioning to contract manufacturing for its electric vehicle (EV) charging hardware to enhance efficiency and scalability.
How will Blink Charging's strategy affect innovation?
The shift allows Blink to focus more on innovation and service expansion while leveraging external manufacturing expertise.
When is Blink Charging's production transition expected to be completed?
The full transition to contract manufacturing is expected to be complete by early 2026.
What benefits does Blink expect from outsourcing production?
By outsourcing, Blink aims to cut overhead costs, increase efficiency, and improve flexibility in its operations.
Where are Blink Charging's manufacturing partners located?
Blink's sourcing strategy includes multiple manufacturing partners in the United States and India, ensuring geographic diversification and supply-chain resilience.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BLNK Insider Trading Activity
$BLNK insiders have traded $BLNK stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $BLNK stock by insiders over the last 6 months:
- JACK LEVINE purchased 21,000 shares for an estimated $21,524
- MICHAEL BERCOVICH (Chief Financial Officer) purchased 6,000 shares for an estimated $6,144
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$BLNK Hedge Fund Activity
We have seen 47 institutional investors add shares of $BLNK stock to their portfolio, and 87 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- STATE STREET CORP removed 4,845,379 shares (-90.3%) from their portfolio in Q2 2025, for an estimated $4,554,171
- BLACKROCK, INC. removed 4,750,388 shares (-69.5%) from their portfolio in Q2 2025, for an estimated $4,464,889
- MILLENNIUM MANAGEMENT LLC added 2,051,513 shares (+1992.5%) to their portfolio in Q2 2025, for an estimated $1,928,217
- GEODE CAPITAL MANAGEMENT, LLC removed 1,233,853 shares (-50.0%) from their portfolio in Q2 2025, for an estimated $1,159,698
- INVESCO LTD. removed 1,185,794 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $1,114,527
- AQR CAPITAL MANAGEMENT LLC removed 751,619 shares (-85.0%) from their portfolio in Q2 2025, for an estimated $706,446
- VANGUARD GROUP INC removed 702,454 shares (-13.7%) from their portfolio in Q2 2025, for an estimated $660,236
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$BLNK Analyst Ratings
Wall Street analysts have issued reports on $BLNK in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- HC Wainwright & Co. issued a "Buy" rating on 08/19/2025
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$BLNK Price Targets
Multiple analysts have issued price targets for $BLNK recently. We have seen 3 analysts offer price targets for $BLNK in the last 6 months, with a median target of $1.0.
Here are some recent targets:
- Sameer Joshi from HC Wainwright & Co. set a target price of $5.0 on 08/19/2025
- Christine Cho from Barclays set a target price of $1.0 on 07/23/2025
- Stephen Gengaro from Stifel set a target price of $1.0 on 05/27/2025
Full Release
Blink emphasizes core strengths, innovation, and service, while outsourcing production for speed and efficiency
Bowie, MD., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced a strategic shift in its production model, transitioning to contract manufacturing for its EV charging hardware.
This transition is a core element of BlinkForward, the Company’s strategy to streamline operations, scale faster, and drive profitability. By leveraging external manufacturing expertise, Blink expects to cut overhead costs, boost efficiencies, and intensify its focus on innovation and service expansion.
“This move sharpens our focus and scales our impact,” said Mike Battaglia, President and CEO of Blink Charging. “By collaborating with world-class manufacturers, we aim to increase efficiencies and flexibility while retaining full control of our technology. It’s a strategic shift that lets us grow our network footprint and deliver better experiences, faster.”
Blink retains full ownership of its intellectual property and continues to lead all aspects of product design, quality assurance, and technology integration. The Company’s sourcing strategy includes multiple manufacturing partners across the United States and India, ensuring geographic diversification, supply-chain resilience, and consistent quality.
The transition is underway, with the full shift expected by early 2026, positioning Blink for its next phase of EV charging innovation.
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About Blink Charging
Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and fleets to easily transition to electric transportation through innovative charging solutions. Blink’s principal line of products and services include Blink’s EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. Blink has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs.
For more information, please visit https://blinkcharging.com/
Forward-Looking Statements
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, and terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief or current expectations of Blink Charging and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including achieving projected revenue, adjusted EBITDA and gross margin targets as described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
Blink Investor Relations Contact
Vitalie Stelea
[email protected]
Blink Media Contact
Felicitas Massa
[email protected]