Evgo Inc. Stock Price, News & Analysis

EVgo is collaborating with the Los Angeles Department of Water and Power (LADWP) to expand its network of EV charging stations in the LA region, enhancing its position as the largest public fast charging network. The plan includes the construction of new sites, building on 18 existing stations in the LADWP area. This partnership aligns with California's goal of deploying 1.2 million chargers by 2030. Furthermore, LADWP's introduction of a new commercial EV charging rate aims to boost infrastructure development, ensuring equitable access to charging for all communities.

EVgo, the largest public fast charging network for electric vehicles in the U.S., will announce its Q3 2021 financial results on November 10, 2021, before market open. This announcement will be followed by a conference call at 11:00 AM ET, which investors can access via a live webcast or by phone. The company continues to lead in transportation electrification, operating over 800 fast charging locations across 35 states, serving more than 300,000 customers. The webcast archive will be available shortly after the call.

EVgo has expanded its network with six new fast chargers in Arvada, Colorado, in partnership with Regency Centers, the Colorado Energy Office, and General Motors. This development adds to the existing 86 chargers in Colorado, contributing to the state's Zero Emission Vehicle targets. The new chargers include four high-powered 350 kW chargers and two 100 kW chargers. EVgo's network, powered by 100% renewable energy, aims to enhance EV infrastructure and support Colorado's clean transportation goals.

Merchants Fleet has partnered with EVgo to enhance fleet electrification efforts, utilizing EVgo's extensive fast-charging network powered by 100% renewable energy. This collaboration allows Merchants Fleet clients access to comprehensive charging solutions, including over 800 fast charging stations and 1,200+ Level 2 locations, ensuring reliability with more than 98% uptime. Merchants Fleet commits to converting 50% of its mobility fleet to electric by 2025, backed by a $2B inventory allocation, to further its sustainability goals.

EVgo Inc. (NASDAQ: EVGO) has expanded its Fleet Charging Solutions with new offerings designed for electrifying commercial fleets. These solutions include EVgo Optima™, a cloud-based software platform, and EVgold™, a service guarantee aimed at easing the transition to electric vehicles. As over 300,000 customer accounts benefit from EVgo’s extensive charging network, which includes over 800 fast charging sites and 1,200+ Level 2 locations, the company emphasizes the economic and environmental advantages of fleet electrification. EVgo is leveraging its experience in the sector to enhance operational efficiency for fleet operators.

EVgo has launched EVgo Rewards™, becoming the first public EV charging network in the U.S. to offer a customer loyalty program. Following a successful pilot with over 4,000 customers, the program allows users to earn points for free fast charging sessions. Customers receive five points per dollar spent on charging, with additional opportunities to earn points through social media engagement and participation in loyalty activities. Upon reaching 2,000 points, members redeem a $10 charging credit.

EVgo, the largest public fast charging network for electric vehicles, announced its upcoming presentations at two key conferences. The Cowen Global Transportation & Sustainable Mobility Conference will take place on September 9, 2021, where EVgo's 'fireside chat' is scheduled for 3:20 PM ET. The Evercore ISI Autotech & AI Forum is set for September 21, 2021, with EVgo presenting at 2:45 PM ET. Both events will feature live webcasts, with replays available for 180 days. EVgo is committed to expanding its network powered by 100% renewable energy.