DPW > 5M trading float > DPW Holdings Shares Double on New Electric Vehicle Charger Line
7:52 am ET July 20, 2020 (Dow Jones) Print
By Chris Wack
DPW Holdings Inc. shares more than doubled to $4.46 in premarket trade Monday after the company said its power electronics business, Coolisys Technologies Corp., is introducing a new product line of electric-vehicle chargers, including an charging solution that is expected to produce a full charge for an EV with a 150-mile range battery in just over 30 minutes.
The holding company said the EV charging stations market is projected to reach $27.7 billion by 2027, from an estimated $2.5 billion in 2019, growing at a compound annual rate of 34.7%.
DPW said the Coolisys EV charger product line includes a range of solutions from level 1 EV chargers for household usage at 120V AC power to level 3 super charging for commercial applications at 480V DC or higher. Coolisys will provide three types of connector standards for fast DC chargers including CHAdeMO for Honda, Nissan and Toyota, CCS for BMW, Ford, GM, Jaguar and Volkswagen, and Tesla.
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