Didn't they announce this same news last fall?
Remember when the stock spiked?
Google's our friend.
Red flag Stoney....
Wallbox Announces First U.S. Manufacturing Facility to Open in Arlington
By Office of Communication
Posted on
October 26, 2021, October 26, 2021
Wallbox, a leading provider of electric vehicle (EV) charging solutions, recently announced it would open its first U.S. manufacturing facility here in The American Dream City.
The 130,000-square-foot plant, which will be located on Forum Drive in Arlington’s Great Southwest Industrial District, will have enough capacity to fully support Wallbox’s expansion plans in North America for the next decade, company official said. Production is expected to start as early as June 2022. Wallbox expects to manufacture a total of 290,000 charging units annually in this facility by 2027, and reach its full capacity of 500,000 units by 2030.
The new facility is also anticipated to create approximately 250 direct jobs in the region by 2030, with local hiring for the facility to begin immediately and on-site retooling beginning this month.
“As Mayor, we’re always trying to make Arlington the best place to live, learn, work, and play so innovative businesses want to come here, create jobs and grow with us,” said Arlington Mayor Jim Ross. “We’re extremely excited about our partnership with Wallbox and the company’s new facility, as economic momentum continues to build in the Great Southwest Industrial District.”
The Arlington facility will be Wallbox’s fourth manufacturing site, additive to two facilities in Europe and one in China. A global company with a presence in 68 countries, Wallbox operates with a vertically integrated supply chain and does its product manufacturing in-house from design to production. The U.S.-based facility will play a vital role in expanding the company’s presence in North America, a market that is making a big push into automotive electrification with the Biden Administration targeting 50% of all new car sales to be electric by 2030.