DPW Holdings Inc (NYSEAMERICAN: DPW) is flying in the market this morning, trading on gains of well over 100%. The movement in the stock is taking place after the company announced that its subsidiary is launching a new line of electric vehicle chargers. Here’s what’s going on:
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DPW Stock Rockets On EV Charging Product Line News
In the press release, DPW said that its power electronics subsidiary, Coolisys Technologies, is introducing a new line of electric vehicle chargers. The company said that the product line offers an innovative charging solution that is expected to produce a full charge for a 150-mile range electric vehicle in around 30 minutes.
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