- The event was attended by Pere Aragonès, Reyes Maroto and Ada
Colau, as well as other institutional representatives, customers,
suppliers and members of the company's board of directors.
- With an expected production capacity of over 750,000 chargers
per year, the new plant will put the company in a position to
respond to the growing demand for electric vehicles.
- The company has invested 9 million euros in a facility that is
expected to employ more than 500 people.
The President of the Generalitat de Catalunya, Pere Aragonès,
the Minister for Industry, Trade and Tourism, Reyes Maroto, and the
Mayor of Barcelona, Ada Colau, inaugurated Wallbox’s new plant this
morning, a leading provider of electric vehicle (EV) charging and
energy management solutions, located in Barcelona's Zona
Franca.
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Wallbox inaugurates its new factory in
Barcelona (Photo: Business Wire)
Also present at the event were the special delegate of the
Consorci de la Zona Franca, Pere Navarro; the president of the
Diputació de Barcelona, Núria Marín and the Delegate of the Spanish
Government in Catalonia, Maria Eugènia Gay. In addition, all the
members of the Board of Directors of Wallbox, prominent investors,
customers, and suppliers, among others, attended the event.
Enric Asunción, CEO and co-founder of Wallbox, welcomed all the
attendees and explained that "this is Wallbox, a company that works
with a clear objective: to be the best in charging solutions for
electric vehicles and energy management worldwide. We are no longer
a start-up. We have grown and now we are a global company with a
presence in almost 100 markets and listed on the NYSE. We are still
growing! And here, in this factory that we are inaugurating today,
you have proof of that".
According to the president of the Generalitat, Pere Aragonès,
"It fills me with pleasure to accompany the inauguration of the new
Wallbox production plant in Barcelona. This milestone is essential,
not only for environmental and energy reasons, but also for the
development and transition to electric mobility. Without Wallbox,
it would not be possible".
“Wallbox’s innovative spirit is allowing us to react more
quickly to the global supply crisis, due to the shortage of
components on the international market”, assured Reyes Maroto, the
Minister for Industry, Trade and Tourism of the Spanish Government.
“Moreover, Wallbox’s commitment to sustainability goes beyond the
products they manufacture. The best example is that by the end of
2022, between 30% and 60% of the energy needs of this factory
production process will be managed through self-consumption.
Additionally, the smart energy management system at your [Wallbox]
Barcelona headquarters is a model to follow”.
For the Mayor of Barcelona, Ada Colau, "Barcelona is Spain's
technological and scientific capital, and one of the main ones in
Europe. Both for the creation of leading companies such as Wallbox,
which was born and raised in Barcelona and for attracting investors
and congresses in the most advanced sectors such as sustainability
and ICT. Events like today's confirm that Barcelona is leading the
economic recovery after the pandemic and that it is also in great
momentum".
"Today marks a milestone in a success story that we at Iberdrola
feel part of, having partnered with Wallbox for the past seven
years. Since 2015, our collaboration has not stopped growing. We
backed Wallbox as part of our start-up investment program. We were
the first purchaser of the Pulsar home charger and of the first
Supernova public charging solution. Moreover, we have participated
in Wallbox's international expansion with orders for Iberdrola
group subsidiaries in many other countries. Today I am pleased to
announce that we will be the first customer for Wallbox’s new
ultra-fast Hypernova charger, as part of the overall agreement to
purchase a total of 10,000 Wallbox chargers, an amount similar to
the total number of public charging points in Spain today. The
alliance that we are strengthening today demonstrates the
advantages of the symbiosis between consolidated business projects,
such as Iberdrola, and emerging companies such as Wallbox",
explained Iberdrola's Chairman, Ignacio Galán.
A pioneering factory for a company
ahead of its time
Wallbox's new factory in Barcelona is located in Zona Franca, a
traditionally industrial area. Wallbox is one of the first startups
to set up here and believes that its technological activity will
renew and revitalize the area.
This new plant has involved an investment of approximately 9
million euros. It currently employs 203 people, but it is expected
to employ more than 520 when running at its full operational
capacity and in 3 shifts.
In total, the plant has four production lines: two dedicated to
manufacturing the Pulsar+, Copper, Commander2, and Quasar chargers
for Europe, and another producing Pulsar UL for the North American
market. The fourth line is dedicated to the exclusive production of
Supernova, the first public Wallbox charger. These automated
production lines are at the forefront of production processes and
they are designed to allow customers to receive their charger in
just 72 hours (this is the time lap between when an order is
approved and the parcel is sent). Currently, Wallbox's new factory
in Barcelona produces almost 1,200 chargers per day.
The new Wallbox factory in Barcelona began operating just over a
year after the company and the Consorci de la Zona Franca signed a
10-year lease agreement for the land. The factory has 11,220 m2 and
is built on a 16,800 m2 plot of land. This surface is occupied by
an office area, a warehouse for materials, another for the loaders
already produced and about to be shipped, the production lines and
a validation area.
A plant that follows Wallbox's
sustainability principles
The facility is at the forefront of innovation, efficiency,
production and capacity. In addition, this new factory carries the
principles of sustainability that have always identified Wallbox.
In this sense, the company is a pioneer in the application of the
'cradle to cradle' concept at an industrial level. This philosophy
aims to eliminate waste and has been applied in the new factory
from the moment construction began. The new factory also follows
the principles of 'lean manufacturing' (the industrial philosophy
that improves the production process by eliminating unnecessary
systems, seeks to increase the quality of products, and eliminates
all activities that do not add value, among others).
On top of this, during the third quarter of 2022, 4,500 square
meters of solar panels are expected to be installed on the roof of
the factory, which are designed to supply 900kW of renewable energy
to the factory, representing between 30 and 60% of the estimated
energy needs of the production process. This installation will mean
estimated savings equivalent to the consumption of more than 400
homes, based on an [average electricity consumption of an average
household in Spain].
Throughout 2022, the solar panels are expected to be connected
to the Sirius system, the energy management software developed by
Wallbox. Sirius not only integrates the solar panels but also the
bidirectional Quasar chargers that are expected to be installed in
the car park of the new factory. Wallbox plans to set around 30 of
them to both charge the electric vehicles and discharge their
batteries to supply the building with electricity. With all these
elements - plus the electricity from the grid itself - Sirius is
designed to autonomously decide at any given moment which is the
best source of energy - depending on the needs at that precise
moment but also on the price of electricity. Sirius' unique and
innovative technology is expected to make the Wallbox factory 100%
self-sufficient within the next few years.
Research, development and innovation/
RDI, the main investment of Wallbox
Beyond the production area, one of the most outstanding spaces
in the new factory is the validation area. This is the company's
third laboratory and is designed to allow the necessary tests and
trials to be carried out to ensure the quality of both the software
developed by Wallbox and the chargers. Durability tests of all
products will also be carried out here with the two climatic
chambers that allow the climate of any part of the world to be
recreated. In this way, the company ensures that all its products
are designed to be suitable for each region. These chambers allow
extreme climates to be recreated, ranging from -80ºC to 170ºC. They
also allow the chargers to be tested in dust, water, and
saltwater.
This laboratory has other functions such as testing the
compatibility of all the chargers developed by Wallbox with the
different electric vehicle manufacturers. In addition, the
validation area will also be used to develop the test equipment
that will be used during the production process and that is
designed to ensure the quality of all the products that leave the
new factory line.
"Wallbox is a company that does not settle and is always looking
for ways to innovate and make life easier for the user. That is why
every year we invest a very important part of our budget in
innovation. Not only that, but about a third of our staff, 300
engineers, are devoted to it. Because we know that our future as a
company is always one step ahead and we plan to move forward with
the market and the needs of the consumer", concluded Enric
Asunción, CEO of Wallbox.
The company has two other laboratories where it develops both
its products and the validation tools for all the chargers it
produces: one at its headquarters in Barcelona and the other in
California (United States). Innovation and, therefore, investment
in R&D&I is one of the company's priorities. In 2021,
Wallbox invested 12 million euros in this concept.
About Wallbox
Wallbox is a global technology company, dedicated to changing
the way the world uses energy. Wallbox develops advanced electric
vehicle charging and energy management systems that redefine the
user's relationship with the grid. Wallbox goes beyond electric
vehicle charging, it gives users the power to control their
consumption, save money and live more sustainably. Wallbox offers a
complete portfolio of charging and energy management solutions for
residential, semi-public and public use in nearly 100 countries.
Founded in 2015 and headquartered in Barcelona, the company employs
more than 900 people across its offices in Europe, Asia and the
Americas.
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 features of
Wallbox’s products, the features of the new plant including
manufacturing capacity, production lines and solar panels, and
expected benefits from the new plant. 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 electric 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; risks related
to the conflict between Russia and Ukraine 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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version on businesswire.com: https://www.businesswire.com/news/home/20220420005581/en/
Wallbox Public Relations Contact: Elyce Behrsin Public Relations
Press@wallbox.com +34 622 513 358
Wallbox Investor Contact: Matt Tractenberg VP, Investor
Relations Matt.Tractenberg@wallbox.com +1 404-574-1504
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