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Benzinga
Benzinga
Politics
Adam Eckert

Why Did Tritium Shares Spike Almost 40% On Tuesday, And Another 30% In Pre-Market Today?

Tritium Nasdaq United States

Tritium DCFC Ltd (NASDAQ:DCFC) shares surged nearly 40% Tuesday, and over 30% in Wednesday's pre-market session after the Australian EV charging company announced its new manufacturing facility will be located in the United States. Tritium CEO Jane Hunter appeared at the White House to make the announcement yesterday. 

The new manufacturing location in Tennessee is expected to house up to six production lines for Tritium’s DC fast chargers and bring more than 500 jobs to the region over the next five years.

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