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GM And Dealers Team Up To Deploy 40,000 Ultium Charging Stations – InsideEVs

Published

3 years ago

October 27, 2021

GM has announced a new EV charging infrastructure initiative to install up to 40,000 Level 2 EV chargers across the United States and Canada.

According to the ambitious “Dealer Community Charging Program,” GM and its dealers will work together to expand access to charging in local communities, including in underserved, rural and urban areas where EV charging access is often limited.

Involving dealers in this program is a logical approach seeing as nearly 90 percent of the US population lives within 10 miles (16 km) of a GM dealership, according to the automaker.

GM will be giving each of its EV dealers up to 10 Ultium Level 2 destination charging stations and will be working with them to deploy the chargers at key locations throughout their local communities.

Those will include workplaces, multi-unit dwellings, sports and entertainment venues and college and universities, among others. It’s worth knowing that these charging stations will be available to all EV customers, not just those who purchase an electric vehicle from GM.

Additionally, GM will help dealers apply for incentives and other funding and access to programs to speed up the deployment of local EV charging.

Slated to begin in 2022, the initiative is part of GM’s recently announced commitment to invest nearly $750 million in the expansion of home, workplace and public charging infrastructure through its Ultium Charge 360 ecosystem.

In addition to the EV charging initiative, GM also says that its new line of three Ultium-branded Level 2 smart charging stations will be available for purchase through dealerships and online. The goal is to provide more home or commercial charging options and thus help make EV charging more widespread.

Developed with leading vehicle charging specialist CTEK for residential and commercial use, the Ultium Chargers will include:

An 11.5 kilowatt/48-amp smart charger
An 11.5 kW/48-amp premium smart charger
A 19.2 kW/80-amp premium smart charger

All three are Energy Star Certified, with Wi-Fi and Bluetooth, and feature dynamic load balancing. They can be upgraded over time through over-the-air updates with automatic download capabilities.

The premium models include a customizable touchscreen and an embedded camera, allowing customers to set their charging schedule, view charging habits and historical charging sessions stats, and receive readouts of charger status through the GM brand mobile apps.

The first Ultium Chargers will ship early next year, and customers will be able to roll the price into their GM Financial lease or financial contracts.

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Business

TC Energy cuts cost estimate for Southeast Gateway pipeline project in Mexico

Published

17 hours ago

November 7, 2024

Anne Joseph

CALGARY – TC Energy Corp. has lowered the estimated cost of its Southeast Gateway pipeline project in Mexico.

It says it now expects the project to cost between US$3.9 billion and US$4.1 billion compared with its original estimate of US$4.5 billion.

The change came as the company reported a third-quarter profit attributable to common shareholders of C$1.46 billion or $1.40 per share compared with a loss of C$197 million or 19 cents per share in the same quarter last year.

Revenue for the quarter ended Sept. 30 totalled C$4.08 billion, up from C$3.94 billion in the third quarter of 2023.

TC Energy says its comparable earnings for its latest quarter amounted to C$1.03 per share compared with C$1.00 per share a year earlier.

The average analyst estimate had been for a profit of 95 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:TRP)

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Business

BCE reports Q3 loss on asset impairment charge, cuts revenue guidance

Published

17 hours ago

November 7, 2024

Anne Joseph

BCE Inc. reported a loss in its latest quarter as it recorded $2.11 billion in asset impairment charges, mainly related to Bell Media’s TV and radio properties.

The company says its net loss attributable to common shareholders amounted to $1.24 billion or $1.36 per share for the quarter ended Sept. 30 compared with a profit of $640 million or 70 cents per share a year earlier.

On an adjusted basis, BCE says it earned 75 cents per share in its latest quarter compared with an adjusted profit of 81 cents per share in the same quarter last year.

“Bell’s results for the third quarter demonstrate that we are disciplined in our pursuit of profitable growth in an intensely competitive environment,” BCE chief executive Mirko Bibic said in a statement.

“Our focus this quarter, and throughout 2024, has been to attract higher-margin subscribers and reduce costs to help offset short-term revenue impacts from sustained competitive pricing pressures, slow economic growth and a media advertising market that is in transition.”

Operating revenue for the quarter totalled $5.97 billion, down from $6.08 billion in its third quarter of 2023.

BCE also said it now expects its revenue for 2024 to fall about 1.5 per cent compared with earlier guidance for an increase of zero to four per cent.

The company says the change comes as it faces lower-than-anticipated wireless product revenue and sustained pressure on wireless prices.

BCE added 33,111 net postpaid mobile phone subscribers, down 76.8 per cent from the same period last year, which was the company’s second-best performance on the metric since 2010.

It says the drop was driven by higher customer churn — a measure of subscribers who cancelled their service — amid greater competitive activity and promotional offer intensity. BCE’s monthly churn rate for the category was 1.28 per cent, up from 1.1 per cent during its previous third quarter.

The company also saw 11.6 per cent fewer gross subscriber activations “due to more targeted promotional offers and mobile device discounting compared to last year.”

Bell’s wireless mobile phone average revenue per user was $58.26, down 3.4 per cent from $60.28 in the third quarter of the prior year.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:BCE)

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Business

Canada Goose reports Q2 revenue down from year ago, trims full-year guidance

Published

17 hours ago

November 7, 2024

Anne Joseph

TORONTO – Canada Goose Holdings Inc. trimmed its financial guidance as it reported its second-quarter revenue fell compared with a year ago.

The luxury clothing company says revenue for the quarter ended Sept. 29 totalled $267.8 million, down from $281.1 million in the same quarter last year.

Net income attributable to shareholders amounted to $5.4 million or six cents per diluted share, up from $3.9 million or four cents per diluted share a year earlier.

On an adjusted basis, Canada Goose says it earned five cents per diluted share in its latest quarter compared with an adjusted profit of 16 cents per diluted share a year earlier.

In its outlook, Canada Goose says it now expects total revenue for its full financial year to show a low-single-digit percentage decrease to low-single-digit percentage increase compared with earlier guidance for a low-single-digit increase.

It also says it now expects its adjusted net income per diluted share to show a mid-single-digit percentage increase compared with earlier guidance for a percentage increase in the mid-teens.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:GOOS)

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