/C O R R E C T I O N -- Electrify America, LLC/

Rhea-AI Summary

Simon (NYSE:SPG) and Electrify America announced their collaboration has surpassed 500 Hyper-Fast chargers across 105 stations at Simon properties as of Dec 3, 2025. The alliance spans 27 states and two Canadian provinces and has delivered > 189 GWh of energy, powering more than 549 million EV miles since launch.

Highlights include a 20-charger large-format site at Fashion Valley in San Diego and Hyper-Fast chargers up to 350 kW with Plug & Charge support. The Electrify America app provides station location, pricing, session start, and progress monitoring.

Positive

• 500+ Hyper-Fast chargers deployed
• 105 charging stations at Simon properties
• 189+ GWh energy dispensed since launch
• 549+ million EV miles powered
• Hyper-Fast chargers up to 350 kW enabling ~20-minute charges for compatible vehicles
• Stations support Plug & Charge and mobile app session control

Negative

• None.

News Market Reaction

+0.07%

1 alert

+0.07% News Effect

On the day this news was published, SPG gained 0.07%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Hyper-Fast chargers: 500+ chargers Charging stations: 105 stations Energy dispensed: 189+ GWh +5 more

8 metrics

Hyper-Fast chargers 500+ chargers Electrify America–Simon collaboration total across properties

Charging stations 105 stations Simon properties hosting Electrify America chargers

Energy dispensed 189+ GWh Corrected cumulative energy delivered across the network

EV miles powered 549+ million miles Cumulative EV miles powered since launch

Large-format chargers 20 Hyper-Fast chargers Fashion Valley station in San Diego, California

Charger power 350 kW Maximum Hyper-Fast charging speed for compatible vehicles

Charge time 20 minutes Minimum time for compatible vehicles at Hyper-Fast chargers

States covered 27 states Geographic coverage of the Electrify America–Simon network

Market Reality Check

Price: $185.10 Vol: Volume 1,422,065 is at 1....

normal vol

$185.10 Last Close

Volume Volume 1,422,065 is at 1.07x the 20-day average of 1,332,262. normal

Technical Price $181.85 is above 200-day MA $169.83 and 4.36% below 52-week high $190.135.

Peers on Argus

Peers show mixed, modest moves, with names like O, REG, and FRT up slightly and ...

Peers show mixed, modest moves, with names like O, REG, and FRT up slightly and KIM, ADC slightly down, suggesting today’s action in SPG is more stock-specific than broad REIT-retail driven.

Historical Context

5 past events · Latest: Dec 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 03	EV charging expansion	Positive	+0.1%	Initial milestone of 500+ Hyper-Fast chargers across Simon properties.
Dec 03	Correction notice	Neutral	+0.1%	Corrected dispensed energy figure to gigawatt-hours for EV network.
Dec 03	Tech partnership	Positive	+0.1%	Autolane rollout at Simon centers to enhance autonomous curb operations.
Nov 24	Holiday initiatives	Positive	-0.2%	Holiday programming and launch of Simon+ loyalty across 220+ locations.
Nov 18	Retail acquisition	Positive	+0.5%	Acquisition of Phillips Place open-air center in Charlotte’s SouthPark.

Pattern Detected

Recent news—including EV charging expansion, tech partnerships, holidays programming, and an acquisition—has typically seen small, directionally positive price alignment, with only one mild divergence.

Recent Company History

This announcement corrected the energy metric in Simon’s EV charging collaboration with Electrify America, updating it to 189+ GWh across 500+ Hyper-Fast chargers at 105 stations. Earlier the same day, the original EV charging milestone and an Autolane curbside tech rollout at Simon centers were released, each followed by a modest 0.07% move. Prior news highlighted holiday programming across 220+ properties and the acquisition of Phillips Place on Nov. 18, 2025, which saw a 0.52% gain.

Market Pulse Summary

This announcement corrects a key usage metric in Simon’s collaboration with Electrify America, updat...

Analysis

This announcement corrects a key usage metric in Simon’s collaboration with Electrify America, updating network energy delivery to more than 189 GWh across 500+ Hyper-Fast chargers at 105 stations. It reinforces Simon’s strategy of integrating EV charging with retail destinations. In context of recent tech partnerships and property acquisitions, investors may watch how expanded amenities, traffic drivers, and accurate reporting of operational data factor into future earnings and leasing performance.

Key Terms

gigawatt-hours, kilowatt-hours, kilowatts (kW), Plug &Charge, +1 more

5 terms

gigawatt-hours technical

""189+ gigawatt-hours** of energy dispensed since launch""

Gigawatt-hours (GWh) measure a large amount of energy — one gigawatt-hour equals one billion watt-hours, which is the amount of power used continuously for one hour at a rate of one gigawatt. For investors, GWh shows the scale of electricity generation, storage or consumption for projects and companies, much like the number of gallons tells you the size of a fuel tank; it helps compare project capacity, potential revenue and the ability to meet demand.

kilowatt-hours technical

""it was incorrectly identified as kilowatt-hours (kWh)""

A kilowatt-hour (kWh) is a unit of energy equal to one kilowatt (1,000 watts) of power used continuously for one hour; it’s the standard way utilities measure and bill electricity. Investors use kWh to compare how much electricity a plant generates, a device consumes, or a storage system can deliver, much like liters tell you how much fuel was used — it directly ties to revenue, costs and the economic value of energy assets.

kilowatts (kW) technical

""Hyper-Fast chargers capable of speeds up to 350 kilowatts (kW)""

A kilowatt (kW) is a unit of power equal to 1,000 watts and measures how fast energy is being used or produced — like a car’s speedometer for electricity rather than the distance traveled. For investors, kW ratings show the capacity and efficiency of power equipment, buildings, vehicles or plants, helping estimate operating costs, revenue potential and how much infrastructure or fuel will be needed to deliver a product or service.

Plug &Charge technical

""All stations also support Plug &Charge technology for compatible vehicles""

A plug & charge system lets an electric vehicle automatically identify itself to a charging station and handle payment the moment the plug is connected, so the driver doesn’t need a card, app, or manual login. For investors, it matters because this convenience speeds transactions and boosts station usage and customer satisfaction—similar to a contactless tap-to-pay upgrade—and it can affect revenue per charger, adoption of networks, and exposure to interoperability or cybersecurity risks.

Hyper-Fast charging technical

""By expanding access to Hyper-Fast charging at premier retail destinations""

Hyper-fast charging is a way to recharge electric vehicle batteries with very high electrical power so a substantial portion of range is restored in minutes instead of hours, achieved by managing heat and battery chemistry during the quick energy transfer. It matters to investors because it can speed consumer adoption, change demand for charging infrastructure and battery components, and reshape revenue opportunities — like turning slow trickle-fills into quick gas-pump style refueling that alters buying and usage patterns.

AI-generated analysis. Not financial advice.

In the news release, Electrify America and Simon® Collaboration Surpasses 500 Hyper-Fast Chargers, issued 03-Dec-2025 by Electrify America, LLC over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:

Electrify America and Simon® Collaboration Surpasses 500 Hyper-Fast Chargers

This initiative has powered more than 549 million EV miles since launch, across 27 states and two Canadian provinces.

RESTON, Va., Dec. 3, 2025 /PRNewswire/ -- Electrify America, the largest open Hyper-Fast charging network in the U.S., and Simon^®, a global leader in retail real estate, celebrate their ongoing collaboration to expand access to electric vehicle (EV) charging at Simon properties in convenient locations. Since Electrify America and Simon's first joint effort in 2018 at Gulfport Premium Outlets^®, the companies have integrated EV charging with premier shopping, dining, and entertainment, giving customers the convenience of a single destination.

"Surpassing 500 Hyper-Fast chargers across 105 stations at Simon properties is a significant milestone," said Anthony Lambkin, vice president of operations at Electrify America. "By placing Hyper-Fast charging at premier retail destinations, we're making it easier for EV drivers to charge where life happens while supporting the transition to electric mobility."

To date, the Electrify America and Simon alliance has delivered:

• 500+ individual Hyper-Fast chargers across 105 stations, 27 states, and two Canadian provinces*
• 189+ gigawatt-hours** of energy dispensed since launch*
• 549+ million EV miles powered since launch*

One of the latest examples of the collaboration's impact is the large-format charging station with 20 Hyper-Fast chargers at Simon's Fashion Valley™ in San Diego, California. By expanding access to Hyper-Fast charging at premier retail destinations, Electrify America and Simon provide EV drivers with more opportunities to charge where shopping, dining, and entertainment come together. With Hyper-Fast chargers capable of speeds up to 350 kilowatts (kW), compatible vehicles can charge in as little as 20 minutes, enhancing convenience while supporting the growing adoption of electric vehicles.

"At Simon, we strive to offer high-value amenities that elevate the shopping experience," said Daniel Segal, vice president of business development at Simon. "Working with Electrify America allows us to provide visitors the convenience of Hyper-Fast EV charging in locations where they can shop, dine, and recharge all in one visit."

To make EV charging more seamless for EV drivers, the Electrify America mobile app allows drivers to locate chargers, view pricing, initiate sessions, and monitor progress. All stations also support Plug &Charge technology for compatible vehicles, allowing EV drivers to simply plug in to start a charging session without pulling out a card or phone.

* Network data reflects Electrify America, Electrify Commercial, and Electrify Canada.
This is based on internal data and intended for informational purposes only.

** Corrected from the previous release, the dispensed amount of energy is gigawatt-hours (GWh); it was incorrectly identified as kilowatt-hours (kWh)

About Electrify America

Electrify America LLC, the largest open Hyper-Fast charging network in the U.S., is investing more than $2 billion in Zero Emission Vehicle (ZEV) infrastructure and access. The investment enables millions of Americans to charge with confidence and discover the benefits of electric driving on our coast–to–coast network of highway and community chargers.

Electrify America's Hyper-Fast network currently operates in 47 states and the District of Columbia, supporting increasing ZEV adoption with a network that is convenient, technologically advanced and built for customers.

Electrify Commercial® provides expert solutions for businesses looking to develop electric vehicle charging programs.

For more information, visit www.electrifyamerica.com and media.electrifyamerica.com.

About Simon

Simon^® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment, and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe, and Asia provide community gathering places for millions of people every day and generate billions in annual sales. 

Correction: This release was updated on December 3, 2025, at 3:00 pm EST to correct a typo in the energy dispensed.

View original content to download multimedia:https://www.prnewswire.com/news-releases/electrify-america-and-simon-collaboration-surpasses-500-hyper-fast-chargers-302631556.html

SOURCE Electrify America, LLC

FAQ

How many Hyper-Fast chargers have Simon (SPG) and Electrify America installed as of Dec 3, 2025?

They have installed 500+ Hyper-Fast chargers across 105 stations as of Dec 3, 2025.

What energy total has the Simon (SPG) and Electrify America network dispensed?

The collaboration has dispensed 189+ gigawatt-hours (GWh) of energy since launch.

How many EV miles have Simon (SPG) and Electrify America powered since launch?

Their network has powered more than 549 million EV miles since launch.

Where are Simon (SPG) and Electrify America's chargers located and how wide is the coverage?

Chargers are at Simon retail properties in 27 U.S. states and two Canadian provinces.

What charging speed do Simon (SPG) and Electrify America Hyper-Fast chargers support?

Hyper-Fast chargers support speeds up to 350 kW, allowing compatible vehicles to charge in about 20 minutes.

Does the Simon (SPG) and Electrify America network support Plug & Charge and remote session control?

Yes — stations support Plug & Charge and drivers can use the Electrify America mobile app to locate chargers, view pricing, and start and monitor sessions.