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Stock impact report

ChargePoint's new Level 2 chargers are faster and go both ways [Verge, The]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: Verge, The
On Thursday, the EV charging company revealed new AC Level 2 EV chargers that it says effectively double the speed of typical Level 2 chargers. The new architecture also supports bidirectional charging, so owners can use their EVs to power their home or business if the need arises. The first new models are expected to arrive in the US later this year. ChargePoint says its next-gen Level 2 chargers are rated for 90 amps and can deliver 19.2kW of power, allowing EV owners to charge their batteries from zero to 100 percent in “about four hours.” This is a noticeable increase based on today's market. Level 2 chargers are commonly used as home chargers for EV owners, plugged into 220-volt outlets and delivering 15 to 80 amps. The charging rate for most Level 2 chargers can vary dramatically, with a typical 240-volt, 24-amp unit putting out about 6kW of continuous power and faster, 80-amp chargers delivering speeds up to 19.2kW. ChargePoint's popular Home Flex chargers , for example, a Show less Read more
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