The Latest Breaking News from EVgo Inc

EVgo and General Motors have surpassed 2,000 public fast-charging stalls as part of their ongoing metropolitan charging collaboration. To date, EVgo and General Motors have installed fast charging stations at over 390 locations across 45 metropolitan markets in 32 states, aiming to expand access to public charging in convenient, amenity-rich…

Despite solid demand and government support, the electric vehicle (EV) industry is grappling with supply chain disruptions and semiconductor chip shortages. The lack of enough charging infrastructure and inoperable charging stations have also been a significant challenge for companies in this space. Given this backdrop, fundamentally-weak EV stocks Rivian Automotive…

EVgo Inc (NASDAQ:EVGO) reported first-quarter FY22 sales growth of 86% year-on-year to $7.7 million, missing the consensus of $8.73 million. EVgo's network throughput for the quarter was 8.0 Gigawatt-hours (GWh), a 95% Y/Y growth. Adjusted EBITDA loss was $(18.2) million versus $(9.8) million last year. Gross loss for the quarter narrowed to $(0.6)…

EVgo Inc (NASDAQ:EVGO) has opened a new EVgo public fast-charging station located at Valley Park Commons in Hagerstown, Maryland. The new EV charging station has four charging stalls equipped with two 100 kW fast chargers and two 350 kW fast chargers capable of simultaneous charging. The new Valley Park Commons charging station was…

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…

EVgo Inc (NASDAQ: EVGO) aims to expedite the adoption of electric vehicles for everyone, and recent traders and investors in the EV charging network provider have been rewarded handsomely.

EVgo Inc (NASDAQ:EVGO) has been selected for proposed awards for two California Energy Commission (CEC) Charging Access for Reliable On-Demand Transportation Services (CARTS) grants. The proposed grant amounts to over $3.6 million. The proposed awarding of two CARTS grants builds upon EVgo's previously announced partnership with Uber Technologies Inc (NYSE:UBER). EVgo will build twin public…

EVgo Inc (NASDAQ:EVGO) reported fourth-quarter FY21 sales growth of 70% year-on-year, to $7.1 million, beating the consensus of $6.17 million. EVgo's network throughput for the quarter was 8.2 Gigawatt-hours (GWh), a 95% Y/Y growth. Adjusted EBITDA loss was $(16.3) million versus $(8.8) million last year. Net loss for the quarter widened to $(46.3)…

EVgo Inc (NASDAQ:EVGO) said it is expanding its EVgo Advantage program in partnership with The Save Mart Companies, a family-owned grocer operating in more than 200 stores throughout California and Northern Nevada. The EVgo Advantage platform enables drivers to use promotions delivered from EVgo after a charging session is started at one of…