Eaton and ChargePoint Establish Industry-First EV Charging Partnership

ChargePoint Holdings, Inc. (NYSE:CHPT) is among the 12 Best EV Charging Stocks to Buy According to Hedge Funds. ChargePoint Holdings, Inc. (NYSE:CHPT) and Eaton have established a strategic partnership to accelerate the development of electric vehicle charging infrastructure in the United States, Canada, and Europe.

The collaboration will provide turnkey EV charging solutions that incorporate chargers, electrical infrastructure, and technical services to facilitate electrification in the public transportation, workplace, fleet, and residential sectors.

This partnership is the first of its kind in the industry and will speed up vehicle-to-everything (V2X) innovation, such as bidirectional power flow, which will make it possible for EVs to power buildings and houses. According to ChargePoint Holdings, Inc. (NYSE:CHPT) CEO Rick Wilmer, the collaboration addresses major challenges to electric transportation and strengthens the company’s position as a provider of the entire EV ecosystem.

Eaton, a reputable power management leader, contributes extensive knowledge of the energy transition. The collaboration will streamline infrastructure design, lower costs, improve site power, and ensure dependability. ChargePoint Holdings, Inc. (NYSE:CHPT)’s cloud platform will oversee infrastructure and EV integration, promoting decarbonization on a large scale. It is ranked eighth on our list of the Best EV Stocks.

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