Source - Alliance News

Pod Point Group Holdings PLC - London-based electric vehicle charging services provider - Wins a multi-year preferred partnership agreement with FTSE 250-listed housebuilder Redrow PLC. Pod Point has been selected by Redrow to provide EV charging infrastructure for the developer’s England and Wales divisions, ‘which collectively build over 5700 new homes each year’. ‘The deal builds upon the companies’ close collaboration since 2018, during which time Pod Point has supplied 2,000 chargepoints to Redrow, driven by continued developments in local and national climate legislation. These regulations include the notable ruling from June 2022 that all new residential developments in England must have at least one 7 kilowatt charge point for each residence with a parking space,’ Pod Point adds. ‘The group now has commercial relationships with a growing number of the largest housebuilders in the UK,’ the company says, noting a similar deal with Barratt Developments PLC.

Current stock price: 32.28 pence, up 4.2% on Thursday

12-month change: down 68%

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Pod Point Group Holdings PLC (PODP)

+0.48p (+2.38%)
delayed 16:30PM

Redrow PLC (RDW)

+6.00p (+0.86%)
delayed 04:00AM

Barratt Developments PLC (BDEV)

+2.70p (+0.55%)
delayed 04:00AM