ChargePoint's long-term plan is to expand its charging networks, roll out more Level 3 chargers, ramp up its higher-margin subscriptions, and shift more of its supply chain to Asian manufacturers ...

ChargePoint has been rolling out more Level 3 chargers, but most of its stations still use its slower Level 1 and Level 2 chargers. ... ChargePoint trades at just 1.3 times this year's sales.

By comparison, Tesla operates more than 60,000 Level 3 Superchargers globally. Tesla might seem like a major threat to ChargePoint, but the two companies have different business models.

ChargePoint says its next-gen Level 2 chargers are rated for 90 amps and can deliver 19.2kW of power, allowing EV owners to charge their batteries from zero to 100 percent in “about four hours.” ...

Data source: ChargePoint. Tesla's Level 3 Superchargers are faster than ChargePoint's Level 2 chargers, and they're now compatible with a growing list of third-party EVs.

Speaking of 19.2 kilowatts, the new ChargePoint units will now be able to charge at this maximum Level 2 rate, up from a peak of 12 kW today, although this requires a dedicated 100-amp circuit.

ChargePoint's long-term plan is to expand its charging networks, roll out more Level 3 chargers, ramp up its higher-margin subscriptions, and shift more of its supply chain to Asian manufacturers ...