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. (EVGO) operates America's largest public fast charging network for electric vehicles, powering the transition to sustainable transportation. This page serves as the definitive source for corporate announcements, operational developments, and strategic updates directly from EVgo leadership.
Investors and industry professionals can access comprehensive updates including quarterly financial results, new charging site deployments, technology partnerships, and regulatory filings. Our curated collection features official press releases covering infrastructure expansions, maintenance initiatives, and collaborations with automakers or retail partners.
Key updates include details on DC fast charger installations, network reliability improvements, and participation in government EV programs. Bookmark this page for verified information on EVgo's charging technology advancements, service area growth, and responses to evolving market demands in the electric mobility sector.
EVgo Inc. reported record first quarter 2024 results with revenue reaching $55.2 million, a 118% increase year-over-year. The network throughput reached 53 GWh, up by 194% year-over-year. The company added 250 new operational stalls, totaling approximately 3,780 stalls in operation or under construction. EVgo also added nearly 109,000 new customer accounts, reaching over 981,000 overall. The company's business model of owning and operating a fast-charging network is driving growth, with plans to achieve adjusted EBITDA breakeven in 2025.
EVgo Inc. (NASDAQ: EVGO) won the 1st Place Leadership Award for Level 3 Electric Vehicle Charging from the Los Angeles Department of Water & Power (LADWP) for its DC fast charging expansion in Los Angeles. The company's network grew by 90% in the metro area, showcasing its commitment to supporting California's climate goals.
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