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0 0.000141864094197743 0.000141864094197743 -0.00673854447439358 -0.00695134061569019 -0.00695134061569019 -0.0424173641651299 -0.0424173641651299
Stock impact report

Thieves Hunting for Copper Are Vandalizing American EV Chargers [Yahoo! Finance]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg “It's all over the country,” Wilmer says. “The types of stuff we've seen happen is just horrifying in terms of the way they go about it and how frequently it happens.” ChargePoint isn't alone. This year through June, nearly one in five US public charging attempts ended in failure, according to JD Power; roughly 10% of those aborted sessions were due to a damaged or missing cable. While some of the destruction is without agenda — the same spray-paint and baseball-bat havoc that affects vending machines and delivery robots — charging executives say much of the damage has a specific, profit-based motive: copper. There have been similar reports of vandalism in Europe, and in May Instavolt Ltd. — a UK charger operator — warned of a crackdown on cord theft. But the mayhem comes at a particularly tough time in the US, where sales of electric cars are flagging. A reliable charging network is key to dousing drivers' range anxiety, and charging companies are eage Show less Read more
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