By Joe Hoppe

 

Pod Point Group Holdings PLC said Thursday that it has signed a partnership with Daimler AG's Mercedes-Benz to be its preferred supplier of domestic electric car charging points to U.K. customers, for two years.

The U.K. electric-vehicle-charger provider, which began trading on the London Stock Exchange on Nov. 4, said it will be referred to U.K. customers at the time of their electric vehicle purchase.

"As well as allowing for a more sustainable future, electric vehicles are opening up new avenues for bolder and more progressive designs and we're excited about the electrified vehicles Mercedes-Benz will bring to market in the coming months. This underpins our confidence in our longer term growth ambitions," Chief Executive Erik Fairbairn said.

Shares at 1618 GMT were up 12.0 pence, or 4.9%, at 256.0 pence.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

November 25, 2021 11:41 ET (16:41 GMT)

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