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Enechange Ltd. Reports Growth in EV Charging Utilization for FY24 Q4

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Enechange Ltd. Reports Growth in EV Charging Utilization for FY24 Q4

Enechange Ltd. ( (JP:4169) ) has shared an announcement.

Enechange Ltd. reported preliminary results for FY24 Q4, showing increased performance in its public EV charging ports sector. The company experienced a 4.8% rise in average monthly charging time per unit, attributed to seasonal travel and heightened user awareness. While new charging port installations led to a temporary drop in utilization, future improvements are anticipated as drivers adapt to new locations.

More about Enechange Ltd.

Enechange Ltd. operates in the electric vehicle (EV) charging industry, with a focus on public EV charging ports. The company aims to provide efficient EV charging solutions, contributing to the advancement of the EV market.

YTD Price Performance: 20.11%

Average Trading Volume: 372,352

Technical Sentiment Consensus Rating: Sell

Current Market Cap: Yen15.08B

See more insights into 4169 stock on TipRanks’ Stock Analysis page.

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