Welcome to our dedicated page for Evgo news (Ticker: EVGO), a resource for investors and traders seeking the latest updates and insights on Evgo stock.
EVgo Inc. (NASDAQ: EVGO) is one of the nation’s largest providers of public fast charging infrastructure for electric vehicles, and its news flow reflects ongoing developments across its charging network, partnerships and financing activities. This page aggregates company news so readers can see how EVgo is expanding its footprint, enhancing technology features and reporting on financial performance.
Recent press releases highlight EVgo’s collaboration with the Kroger Family of Stores to deploy additional high-power fast charging stalls at grocery locations across multiple states, enabling customers to charge while they shop. Other announcements cover the EVgo eXtend network developed with Pilot Company and General Motors, which brings fast charging to Pilot and Flying J travel centers along major interstate corridors, and the use of domestically manufactured prefabricated charging skids to speed station deployment and integrate features such as Wi-Fi infrastructure, lighting, security cameras and canopies.
EVgo’s news also includes updates on technology and customer experience, such as milestones for its Autocharge+ feature that allows compatible EVs to begin charging simply by plugging in after a one-time enrollment. Financial news items report quarterly results, network throughput, customer account growth and details of a senior secured, non-recourse credit facility intended to fund the construction, installation, deployment and operation of additional fast charging stalls nationwide.
Investors, EV drivers and industry observers can use this news feed to follow EVgo’s announced station openings, network expansion plans, partnerships with retailers and automakers, and key financial disclosures. Returning to this page provides a consolidated view of how EVgo communicates its progress and priorities in the public fast charging market.
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EVgo Inc. has appointed Tanvi Chaturvedi as its new Chief Revenue Officer, aiming to enhance the charging experience for electric vehicle users. With a strong background in technology and consumer products, including leadership roles at Google and Procter & Gamble, Chaturvedi will oversee revenue growth, marketing, and the expansion of services like the PlugShare app. Under her leadership, EVgo aims to increase its market presence and drive customer-first initiatives, leading to an improved user experience across its extensive fast-charging network.
EVgo, the largest public fast charging network in the U.S., will announce its Q3 2022 financial results on November 2, 2022, after market close. A conference call will follow at 5:00 PM ET, accessible via webcast or phone. EVgo provides charging solutions powered by 100% renewable energy and has over 850 fast charging locations across 30 states. The company aims to facilitate the mass adoption of electric vehicles through partnerships and innovative services.
EVgo has inaugurated a new fast charging station in Oakland, California, strategically located at 519 Lake Park Avenue near Lake Merritt. This station features six 200kW fast chargers, enabling electric vehicles to charge up to 80% in 15-45 minutes. The addition expands Oakland's EV infrastructure, now totaling 235 public chargers, aimed at facilitating greater access to electric vehicle charging for residents, particularly those in rental apartments. This initiative aligns with Oakland's Zero Emission Vehicle Action Plan, targeting a fully zero-emission transportation system by 2045.
EVgo has partnered with Warner Bros. to promote the film BLACK ADAM, offering customers a $5 Fandango Promotional Code after charging at EVgo stations. This limited-time offer runs from October 11, 2022, to November 20, 2022, and requires a charging session of at least 20 minutes on a DC fast charger or 6 hours on an L2 charger. EVgo, the largest public fast charging network in the U.S., has over 850 fast charging locations and promotes its commitment to renewable energy.
EVgo has formed a new partnership with WinCo Foods to install fast chargers at several locations across the Western US. The first charging station opened in Las Vegas, Nevada, featuring 350kW and 100kW fast chargers that cater to four stalls. This collaboration is part of EVgo's strategy to enhance electric vehicle infrastructure and accessibility. Future installations are planned in states including California, Texas, and Arizona. Notably, EVgo operates the largest public fast charging network in the nation, powered by 100% renewable energy since 2019.
EVgo has launched Autocharge+, enhancing the convenience of electric vehicle charging by allowing drivers to start a session simply by plugging in their vehicle. This feature will be available at all EVgo DC fast charging locations, eliminating the need for credit card swipes or app usage. Compatible with many popular CCS EV models, Autocharge+ reflects EVgo’s commitment to simplifying the charging experience for all drivers. The company continues to innovate, reinforcing its position as a leader in the electric vehicle charging network.
EVgo has launched the Connect the Watts™ National EV Charging Recognition Program to honor leaders in the EV charging ecosystem for their contributions to fast charger deployment. Nominations will be accepted until October 14, 2022.
This initiative aims to recognize 'EV Charging Heroes' from various sectors, including utilities and local governments. Participants will receive awards based on objective criteria, enhancing the EV charging community's collaboration and effectiveness.
EVgo Inc. (NASDAQ: EVGO), the largest public fast charging network for electric vehicles in the U.S., has signed a new supply agreement with Delta Electronics. This pact includes the provision of 1,000 fast chargers capable of delivering up to 350kW, aimed at supporting EVgo's expansion and deployment objectives. CEO Cathy Zoi emphasized the collaboration's importance for enhancing charging accessibility. Delta, recognized for its high-efficiency power solutions, has shipped over one million EV chargers globally, reinforcing its expertise in the e-mobility sector.
EVgo Inc. reported Q2 2022 results with revenue of $9.1 million, a 90% increase year-over-year, driven by higher retail charging and OEM revenues. Network throughput reached 10.1 GWh, up 66% year-over-year, and customer accounts grew by 67,000 to approximately 444,000. EVgo announced its first major eXtend project with GM and Pilot Company to add 2,000 stalls at 500 locations. The company ended the quarter with 2,397 stalls operational or under construction and reported a gross loss of $0.7 million and net income of $17 million.