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The news follows announcements by major automakers, General Motors (NYSE:GM) and Ford Motor Company (NYSE:F) will be integrating the connectors into their vehicles starting in 2025.
ChargePoint said it will offer a NACS connector alternative for its products, including upgrades for existing chargers.
Australia-based Tritium said it will incorporate the NACS connector into its chargers across the United States and other markets that choose to adopt this technology.
Blink’s shares rose more than 10.5% by early afternoon Monday after falling more than 11.8% on Friday.
Blink’s new direct current (DC) fast charger, offering both NACS and CCS, was teased at the Consumer Electronics Show (CES) 2023 and is in the final stages of design, the company said.
“Given recent announcements by Tesla, GM, and Ford, we are clearly witnessing the continued evolution of the EV charging industry as technologies advance and industry stakeholders come together and evaluate best practices,” Blink said.
Shares of BLNK, CHPT and DCFC are up 10.61%, 4.26% and 4.68% respectively in afternoon trading on Monday. TSLA is up 1.67%.
