SPX to provide European automaker with EV charging solutions
Deal's announcement due at Frankfurt auto show
COLOGNE, Germany – SPX Service Solutions, a developer and maker of automotive diagnostic systems, has a deal to provide its electric vehicle chargers and installation services to a "premier European manufacturer," the company's top executive said.
"We can't give you a specific name, however, they will announce us as a package of the overall offering of the car," Tanvir Arfi, president of SPX Service Solutions, told Automotive News Europe here. He said that the official announcement is set to happen at the Frankfurt auto show in September. Arfi spoke with ANE on the sidelines of its annual Congress last week.
SPX Service Solutions President Tanvir Arfi expects the company's EV infrastructure business to be profitable within 2 years.
SPX Service Solutions, which is subsidiary of U.S.-based SPX Corp., is General Motors Co.'s recommended supplier of chargers to Chevrolet Volt buyers in the United States, where Arfi says the company has already installed 1,000 charging stations.
"We have the charging hardware, the charging network (all the installers) and serve as the conduit between the utility, the OEM, the dealer and the consumer," Arfi said.
The company offers the same services in Europe, where it has installed 50 charging stations. SPX Service Solutions aims to finish the year with a combined 1,000 installations in Germany, Spain, France, Italy, the Netherlands and the UK.
SPX Service Solutions started its EV infrastructure unit two years ago and Arfi says he expects the business to be profitable in 12 to 24 months.
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