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Evgo Inc. - EVGO STOCK NEWS

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.

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EVgo Inc. (EVGO) Extends Agreement with Toyota to Offer Complimentary Charging for 2024 bZ4x Model Year
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Pilot Travel Centers LLC, GM, and EVgo Inc. open the first 17 locations of their national electric vehicle fast charging network. The network features 350kW chargers, 24/7 amenities, and aims to have 200 locations by the end of 2024. The collaboration seeks to accelerate broader access to EV charging, offering an elevated charging experience for long-distance travel.
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EVgo Inc. (NASDAQ: EVGO) is expanding its partnership with Meijer, a regional grocery retailer, to install new fast charging stations in the Midwest. The new EVgo stations in Ohio will feature up to six stalls at select Meijer locations, equipped with high-power 350kW chargers, aiming to increase access to public charging for current and future EV drivers in the Midwest.
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EVgo Inc. (EVGO) and Hertz (HTZ) Joint Promotion Offers Special Charging Rates for EV Renters
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EVgo Inc. (Nasdaq: EVGO) announced third-quarter revenue of $35.1 million, a 234% year-over-year increase. Network throughput reached 37 GWh, up 208% year-over-year. The company added over 106,000 new customer accounts, reaching over 785,000 overall. EVgo's CEO highlighted strong growth in revenues, throughput, and utilization, emphasizing the company's progress on network buildout, customer experience, tech-enabled infrastructure, and cost efficiencies. The company also announced several business highlights and financial and operational figures for the third quarter.
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EVgo, one of the largest public fast charging networks for electric vehicles (EVs), plans to reduce installation time and costs for new fast charging stations by using a prefabrication approach. This approach is expected to cut average installation time in half and save 15% in construction costs. The prefabrication model includes features to enhance the customer experience, such as Wi-Fi infrastructure, lighting and security cameras, and canopies for shade. EVgo's first site using this method will begin construction in Texas in November 2023 and open to the public by February 2024.
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EVgo Inc. to release third quarter 2023 financial results
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EVgo has been selected for over $12.7 million in preliminary awards to support the buildout of more than 150 fast charging stalls. They have also received additional awards in Colorado and Pennsylvania. EVgo continues to expand its national network with the help of funding programs.
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EVgo collaborates with Honda and Acura to offer up to $750 charging credit for upcoming EV models, integration into HondaLink and Acura EV apps, and access to nationwide charging network.
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EVgo makes significant progress in network enhancements through EVgo ReNew™ program, focusing on reliability and customer experience. Upgraded, replaced, or decommissioned legacy equipment at over 120 stalls, bringing cumulative total to over 350 DCFC stalls nationally. Nearly all operationalized stations in 2023 feature high-power 350kW fast chargers. 95% of new stations include at least four fast charging stalls. Reduced average station repair time by half. Goal to achieve One & Done success rates of over 95% by end of 2023. Released best practice guide on charger reliability through Connect the Watts™ initiative.
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Evgo Inc.

Nasdaq:EVGO

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337.81M
126.56M
5.23%
72.64%
25.95%
Specialty Retail
Services-automotive Repair, Services & Parking
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United States
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