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Benzinga
Benzinga
Business
Shivani Kumaresan

JPMorgan Chase Partners With EVgo To Install EV Charging Stations

Chase (Organization) EVGO EVgo Inc Nasdaq United States
  • Chase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co (NYSE:JPM), has partnered with EVgo Inc (NASDAQ:EVGO) to install charging stations.
  • Chase will pilot public fast electric vehicle charging stations across 50 of its U.S. branches beginning in the summer of 2022.
  • The move will support the firm’s aim to expand on-site solar power to approximately 400 additional branches by the 2022-end.
  • The charging stations will offer drivers access to 100kW and 350kW chargers that can charge vehicles as much as 80% in 15-45 minutes.
  • Chase expects to have all stations available for use by the summer of 2023.
  • Price Action: EVGO shares are trading higher by 3.19% at $12.57 on the last check Thursday.
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