Financial PerformanceGross margins increased notably from Q423 as WBX realized the first full quarter of cost improvements from the ABL acquisition.
Market GrowthThe primary growth driver for the second quarter was the US market, which experienced over 65% year-over-year revenue growth from increased sales of Wallbox’s home AC chargers and public DC fast chargers.
Strategic InitiativesWallbox has cemented several strategic initiatives to maintain a strong relative position, including commercial partnerships with Best Buy and Costco, and an acquisition in Germany.