Wallbox N.V. announced a new partnership expansion with Codale Electric Supply, a Sonepar USA company, to accelerate the rollout of AC and DC fast‑charging stations across Utah, Idaho, Wyoming, and Nevada. The deal extends Codale’s distribution network and gives Wallbox access to a broad customer base of contractors, developers, and fleet operators.
Under the expanded agreement, Codale will supply technical support, logistics, and a wider product portfolio that includes Wallbox’s Pulsar family of AC chargers and the Supernova series of DC fast chargers, which can deliver up to 180 kW. The partnership is designed to move beyond simple distribution and to drive full deployment of charging infrastructure, a shift highlighted by Wallbox’s Chief Business Officer Ignasi Alastuey, who said the collaboration “combines Wallbox’s innovation with Codale’s on‑the‑ground capabilities to rapidly scale charging networks across the Mountain West.”
The Mountain West region is experiencing a surge in EV adoption, supported by state‑level electrification programs and corridor initiatives. Wallbox’s expansion into this market is intended to capture that growing demand and to strengthen its presence in a region where competitors are also vying for market share. The move comes at a time when Wallbox’s financial performance has been under pressure, with Q2 2025 revenue at €38.3 million (down 22 % YoY) and Q3 2025 revenue at €35.5 million (up 2 % YoY). The company’s gross margin improved to 39.8 % in Q3 from 37.8 % in Q2, reflecting a favorable mix shift toward higher‑margin DC fast‑charging solutions.
Wallbox’s management sees the Codale partnership as a key lever to boost sales and distribution. By leveraging Codale’s established logistics and local expertise, Wallbox can accelerate deployment of its Supernova chargers, which are positioned to meet the high‑power needs of public and fleet charging sites. The partnership also supports Wallbox’s broader strategy to increase market share in the U.S. and to offset the company’s negative adjusted EBITDA of €-6.9 million in Q3 2025.
While the announcement does not include immediate financial metrics, the strategic alignment signals Wallbox’s intent to strengthen its competitive position in a high‑growth segment. Analysts have noted that the company’s “Buy” consensus rating reflects confidence in its product portfolio, but the partnership expansion is expected to provide a tangible boost to sales volume and to help the company navigate the current cash‑flow constraints.
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