Wallbox Announces Strategic Partnership with NAPA AUTO PARTS
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced a strategic partnership with NAPA AUTO PARTS, a brand of Genuine Parts Company (NYSE:GPC) and a premier retail auto parts reseller in the U.S. NAPA AUTO PARTS stores will be an authorized dealer of Pulsar Plus, Wallbox’s award-winning smart home EV charger, online and in-store at more than 6,000 locations across the United States and Canada. Pulsar Plus is available for purchase in select retail locations as of mid-February 2022.
“For nearly a century, NAPA AUTO PARTS stores have been a trusted source for automotive parts, accessories and services,” said Susan Starnes, Vice President, Emerging Markets of Genuine Parts Company. “Bringing the Wallbox brand to the NAPA network builds on our EV product selection and is another step forward in our commitment to being first-to-market in providing emerging EV technology to our customers. We’re delighted to carry the Pulsar Plus which is recognized as one of the smartest and easiest ways for consumers to charge an EV at home.”
Pulsar Plus (models 40A and 48A) are Wallbox’s best-selling home charger worldwide and is compatible with all EVs. Features include flexible amperage setting, Bluetooth and Wi-Fi connectivity, charge scheduling, power sharing, the myWallbox app, and voice control via Amazon Alexa and Google Home. Pulsar Plus comes standard with Wallbox’s proprietary energy management solutions, such as Eco-Smart and Power Boost to offer users increased control and flexibility over their charging.
“We are thrilled to join forces with the NAPA AUTO PARTS stores as they continue to build out their comprehensive offering to meet the evolving needs of the EV customer,” said Douglas Alfaro, General Manager of Wallbox North America. “Showcasing Pulsar Plus through an established brand like NAPA AUTO PARTS can help expand the awareness of our products as we continue to take steps aimed to accelerate the adoption of our smart home EV charger across the United States and Canada.”
Pulsar Plus will be available for purchase online at https://www.napaonline.com/ and in-store at more than 6,000 retail locations across the United States and Canada.
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 84 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 over 500 people in Europe, Asia, and the Americas.
For additional information, please visit www.wallbox.com.
About NAPA AUTO PARTS
There are nearly 6,000 NAPA AUTO PARTS stores in the U.S. supported by a nationwide network of distribution centers and more than 560,000 available parts, accessories and supplies. The NAPA network extends to more than 17,000 NAPA AutoCare and AutoCare Collision Centers across the U.S. With a reputation for quality parts, rapid availability and knowledgeable people, NAPA AUTO PARTS stores serve automotive service professionals, do-it-yourselfers and everyday drivers with quality parts, accessories and supplies to keep cars, trucks and equipment performing safely and efficiently. For more information, visit www.napaonline.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 availability of Wallbox’s products at NAPA AUTO PARTS stores, and expected results of the partnership between Wallbox and NAPA AUTO PARTS. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “will,” “estimate,” “predict,” “potential,” “continue” 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. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.
These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Wallbox’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electronic vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; and other important factors discussed under the caption “Risk Factors” in Wallbox’s final prospectus on Form 424(b)(3) filed with the SEC on November 12, 2021, 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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More than 90 years ago, the National Automotive Parts Association ("NAPA") was created to meet America’s growing need for an effective auto parts distribution system. Today, 91% of do-it-yourself customers recognize the NAPA brand name. We have over 6,000 NAPA Auto Parts Stores nationwide serving all 50 states with a unique inventory control system that helps you find the exact part that you need.
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