TIDMVLX

RNS Number : 7069I

Volex PLC

09 August 2023

9 August 2023

Volex plc

("Volex", or the "Group")

Tesla selects Volex as a NACS coupler manufacturer

Volex plc (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission products, is pleased to announce it is a licensed partner of Tesla for the North American Charging Standard ("NACS") EV Charging system. Volex is a selected global manufacturer of the authentic NACS coupler and is stocked and ready to immediately supply automotive OEMs and charging infrastructure suppliers.

Nat Rothschild, Executive Chairman of Volex, commented:

"As a selected supplier of the NACS coupler, this further validates that Volex continues to be the trusted manufacturing partner of Tesla's charging system technology to the world's leading EV manufacturing companies and suppliers who utilise the NACS EV Charging system."

For further information please contact:

 
 Volex plc                              +44 (0)7971 156 431 
  Nat Rothschild, Executive Chairman     investor.relations@volex.com 
  Jon Boaden, Chief Financial Officer 
 
 
 Peel Hunt LLP - Nominated Adviser & Joint 
  Broker 
  Ed Allsopp 
  Tom Ballard 
  Ben Harrington                              +44 (0)20 7418 8900 
 
 
 HSBC Bank plc - Joint Broker 
  Simon Alexander 
  Joe Weaving                    +44 (0)20 7991 8888 
 
 
 Powerscourt - Media Enquiries 
  James White 
  Nicholas Johnson                +44 (0)20 7250 1446

About the North American Charging Standard

Tesla has opened their EV connector design to the world by inviting charging network operators and vehicle manufacturers to put the Tesla charging connector and charge port, now called the North American Charging Standard (NACS), on their equipment and vehicles. NACS is the most common charging standard in North America: NACS vehicles outnumber Combined Charging System (CCS) two-to-one, and Tesla's Supercharging network has 60% more NACS posts than all the CCS-equipped networks combined.

About Volex

Volex plc (AIM: VLX) is a global leader in integrated manufacturing for performance-critical applications and a supplier of power products. We serve a diverse range of markets and customers, with particular expertise in cable assemblies, higher-level assemblies, data centre power and connectivity, electric vehicles, and consumer electricals. We are headquartered in the UK and operate from 19 manufacturing locations with a global workforce of over 8,000 people across 22 countries. Our products are sold through our own locally based sales teams and through authorised distributor partners to Original Equipment Manufacturers ('OEMs') and Electronic Manufacturing Services ('EMS') companies worldwide. All of the products and services that we offer are integral to the increasingly complex digital world in which we live, providing power and connectivity from the most common household items to the most complex medical equipment. For more information, please visit www.volex.com

-ENDS-

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCEAKPPELDDEFA

(END) Dow Jones Newswires

August 09, 2023 02:00 ET (06:00 GMT)

Volex (AQSE:VLX.GB)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Volex Charts.
Volex (AQSE:VLX.GB)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Volex Charts.