EVgo to Bring Fast Charging Choices to More Shoppers Across America

Rhea-AI Summary

EVgo (NASDAQ: EVGO) announced an expanded fast-charging rollout with Kroger Family of Stores on Jan. 13, 2026, planning to build at least 150 fast-charging stalls per year through 2035. The program will add up to 16 high-power stalls at select Kroger, Fred Meyer, King Soopers, Smith's and other banners, with the first site now operational in Salt Lake City, Utah. EVgo says its chargers can deliver a full charge in as little as 15 minutes and highlights a network of >4,600 stalls in operation and a goal of >15,000 stalls energized by end of 2029.

Positive

• 150 stalls/year targeted through 2035
• Program adds up to 16 high-power stalls per Kroger site
• Network scale: >4,600 stalls live; >15,000 by end of 2029
• First expanded-program site operational in Salt Lake City

Negative

• None.

News Market Reaction

-3.88%

1 alert

-3.88% News Effect

On the day this news was published, EVGO declined 3.88%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Planned annual stalls: at least 150 stalls/year Stalls per site: up to 16 stalls Charge time: as little as 15 minutes +2 more

5 metrics

Planned annual stalls at least 150 stalls/year Fast charging stalls at Kroger locations through 2035

Stalls per site up to 16 stalls High-power fast charging stalls at select Kroger sites

Charge time as little as 15 minutes Time to deliver a full charge on high-power EVgo chargers

Current stalls over 4,600 stalls EVgo stalls in operation nationwide

Stalls by 2029 more than 15,000 stalls Stalls expected to be energized by end of 2029

Market Reality Check

Price: $3.01 Vol: Volume 3,778,009 is 18% a...

normal vol

$3.01 Last Close

Volume Volume 3,778,009 is 18% above the 20-day average of 3,192,657, indicating elevated interest pre-announcement. normal

Technical Shares at $3.09 are trading below the 200-day MA of $3.61 and about 40% under the 52-week high.

Peers on Argus

EVGO gained 0.98% while peers were mixed: ARKO +4.04%, BBW +2.83%, EYE +5.18%, A...

EVGO gained 0.98% while peers were mixed: ARKO +4.04%, BBW +2.83%, EYE +5.18%, ARHS -1.27%, TA flat. The move appears more company-specific than sector-driven.

Common Catalyst Only one peer (EYE) had news today, tied to reaffirmed outlook and a conference appearance, suggesting no broad sector catalyst.

Historical Context

5 past events · Latest: Dec 16 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 16	Network expansion	Positive	+0.7%	Cost-reducing prefabricated skids to accelerate station deployment.
Dec 11	Management change	Neutral	-2.0%	CFO transition with 2025 guidance reiterated and outlined.
Dec 03	Product milestone	Positive	+5.8%	Autocharge+ usage and enrollment milestones across the network.
Nov 10	Earnings report	Neutral	+0.6%	Q3 2025 revenue growth with continued losses and guidance detail.
Oct 28	Earnings notice	Neutral	-2.1%	Scheduling announcement for upcoming Q3 2025 results release.

Pattern Detected

Operational and growth-focused updates have generally seen modestly positive alignment between news tone and 24-hour price reaction, with only one recent divergence on a routine pre-earnings announcement.

Recent Company History

Over the past few months, EVgo has highlighted network expansion and operational milestones. On Nov 10, 2025, Q3 results showed strong revenue growth but ongoing losses. Subsequent releases detailed Autocharge+ adoption, prefabricated skid deployments, and a CFO transition while reiterating 2025 guidance. These updates usually led to small positive moves, especially for network and product milestones. Today’s Kroger expansion news fits the pattern of scaling infrastructure and partnerships on top of an already growing stall base and throughput.

Market Pulse Summary

This announcement adds another long-term growth element to EVgo’s strategy, targeting at least 150 f...

Analysis

This announcement adds another long-term growth element to EVgo’s strategy, targeting at least 150 fast charging stalls per year at Kroger locations and over 15,000 stalls energized by 2029. It builds on prior updates about network expansion and service adoption. Investors may focus on how quickly these stalls are deployed, utilization levels at grocery-anchored sites, and the impact on revenue and margins given the company’s recent loss profile and capital needs.

Key Terms

fast charging infrastructure, electric vehicles (EVs), high-power fast charging

3 terms

fast charging infrastructure technical

"one of the nation’s largest providers of public fast charging infrastructure for electric vehicles"

A network of high-power electric vehicle chargers, supporting hardware, grid connections and software that lets drivers recharge quickly—think of it as the equivalent of highways of fast gas stations for electric cars. It matters to investors because availability and reliability of these chargers influence how quickly people adopt electric vehicles, creating potential long-term income, location value and growth opportunities, while also requiring substantial upfront investment and exposure to regulatory and technology risks.

electric vehicles (EVs) technical

"public fast charging infrastructure for electric vehicles (EVs)"

Electric vehicles (EVs) are cars and trucks that run on electric motors powered by rechargeable batteries or other stored electricity instead of a conventional gasoline engine. They matter to investors because widespread adoption reshapes demand and costs across automakers, parts suppliers, battery makers, utilities and raw-material producers — like a new household appliance that replaces the old one and shifts who makes money and who bears new risks.

high-power fast charging technical

"up to 16 high-power fast charging stalls to select Kroger Family of Stores sites"

High-power fast charging is a charging capability that delivers substantially more electrical power than standard chargers to replenish batteries much more quickly, similar to driving on a highway instead of local streets. For investors it matters because faster charging increases the usability and resale value of battery-powered products, affects infrastructure and equipment costs, and can influence adoption rates, revenue potential, and long-term battery maintenance or replacement expenses.

AI-generated analysis. Not financial advice.

Thousands of new fast chargers planned to be located near Kroger stores and other amenities including retail and restaurants — first location open in Utah

LOS ANGELES, Jan. 13, 2026 (GLOBE NEWSWIRE) -- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest providers of public fast charging infrastructure for electric vehicles (EVs), is planning to build at least 150 fast charging stalls a year through 2035, at Kroger Family of Stores locations across the U.S. Building on a collaboration with Kroger that first began in 2022, the new expansion will bring up to 16 high-power fast charging stalls to select Kroger Family of Stores sites, with the goal of providing customers reliable fast charging while they shop.

The first new charging site of the expanded program is operational in Salt Lake City, Utah, with additional locations targeted in Arizona, California, Florida, Georgia, Texas, Washington and other states. EVgo chargers are slated to be installed at Kroger Family of Stores including Kroger, Foods Co., Fred Meyer, Fry’s Food Stores, Harris Teeter, King Soopers and Smith's Food and Drug branded locations.

“EVgo’s expanded relationship with Kroger introduces more fast charging options into Americans’ everyday lives,” said Badar Khan, CEO of EVgo. “Kroger is the grocery destination of choice for millions of Americans. Adding fast charging to Kroger locations will provide the growing number of EV drivers an essential amenity – the convenience of charging where they shop while empowering drivers with the freedom to choose electric.”

Charging stations built through this collaboration will feature high-power EVgo chargers that can deliver a full charge in as little as 15 minutes — an ideal fit for grocery locations where shoppers tend to spend less than an hour.¹ Installing EV infrastructure not only provides convenience for drivers, it also directly benefits nearby businesses by delivering increased foot traffic and customer spending. ²

EVgo’s network includes over 4,600 stalls in operation nationwide with more than 15,000 stalls expected to be energized by the end of 2029. For more information about EVgo, visit www.evgo.com.

¹Actual charging time will vary based on vehicle’s charging speed, battery size, and initial state of charge. 

² Consumer Reports

About EVgo

EVgo (Nasdaq: EVGO) is one of the nation’s leading public fast charging providers. With more than 1,100 fast charging stations across 47 states, EVgo strategically deploys localized and accessible charging infrastructure by partnering with leading businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators, and autonomous vehicle companies. At its dedicated Innovation Lab, EVgo performs extensive interoperability testing and has ongoing technical collaborations with leading automakers and industry partners to advance the EV charging industry and deliver a seamless charging experience.

Forward Looking Statements 

This press release contains forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, certain statements related to EVgo’s product capabilities, features, availability, performance and expected benefits thereof, including for EVgo’s customers; EVgo’s partnership with Kroger and the benefits thereof; and the speed and scope of EVgo’s infrastructure deployment. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under the heading “Risk Factors” and elsewhere in our most recent Quarterly Reports of Form 10-Q and our Annual Reports on Form 10-K, filed with the Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. As a result, you should not rely on any forward-looking statements as predictors of future results. Any forward-looking statements in this release are based on the limited information currently available to EVgo as of the date hereof, which is subject to change, and EVgo will not necessarily update these forward-looking statements, even if new information becomes available in the future.

EVgo Contacts

For Investors: 
investors@evgo.com

For Media:
press@evgo.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4cd9a287-b004-4fd5-bbb4-72150ae659de

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FAQ

What did EVgo announce on January 13, 2026 about Kroger sites (EVGO)?

EVgo said it will build at least 150 fast-charging stalls per year through 2035 at Kroger Family of Stores locations.

How many chargers will each Kroger location get under the EVgo program (EVGO)?

Select Kroger sites are slated to receive up to 16 high-power fast-charging stalls.

Where is the first EVgo expanded-program site located (EVGO)?

The first site under the expanded program is operational in Salt Lake City, Utah.

What charging speed does EVgo claim for the new Kroger installations (EVGO)?

EVgo states its high-power chargers can deliver a full charge in as little as 15 minutes, depending on vehicle factors.

How large is EVgo's network and what is its near-term target (EVGO)?

EVgo reported over 4,600 stalls in operation and expects more than 15,000 stalls energized by end of 2029.