The Aust EV fast charger group Tritium, which listed in the US a year ago, has suffered a big share price slide amid growing pains.
sells charging infrastructure mostly in the European and US markets. Tritium’s customers include BP, Shell and Ionity, a high-power charging station network founded by BMW, Mercedes-Benz, Ford Motor and Volkswagen.Tritium in April said it had entered into a deal with BP for an “initial” order of just under 1000 chargers for the UK and Australian and New Zealand markets.
Patrick Finnegan, director at Charge Star, said there will be growing pains, but countries that are well ahead of Australia in infrastructure rollout and take-ups of EVs are a signpost.“The issue for the industry is that it’s very hard to make money from DC fast chargers,” he said.
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