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 (NASDAQ: EVGO) has launched a promotional campaign in collaboration with Warner Bros. Pictures for the film Shazam! Fury of the Gods. Starting March 17, 2023, customers can earn 250 bonus EVgo Rewards points by sharing a selfie at specially branded EVgo charging stations in major U.S. cities like Los Angeles, San Francisco, Seattle, San Diego, and Denver. The EVgo Rewards program allows users to accumulate points for charging and social media interactions, redeemable for charging credits. This initiative aims to enhance customer engagement and promote EVgo's loyalty program.
EVgo Inc. (Nasdaq: EVGO) has announced it will report its fourth quarter and full year 2022 results on March 30, 2023, hosting a conference call at 8:00 a.m. PT / 11:00 a.m. ET. The company confirmed it holds no cash deposits in Silicon Valley Bank and expects to meet its previously provided financial guidance for 2022. Interested parties can access the live webcast via the Investor Relations page on EVgo's website. EVgo operates a significant network of fast charging stations powered by 100% renewable energy and aims to facilitate the adoption of electric vehicles.
EVgo (Nasdaq: EVGO) has announced a strategic reorganization to enhance its operational focus for 2023, prioritizing expansion of its public charging network and infrastructure projects. The company expects to achieve 2022 results within earlier provided guidance and will present its earnings on March 15, 2023. A recent Delaware Chancery Court ruling validated its capital structure, addressing previous uncertainties. Despite reducing headcount by approximately 40 employees, EVgo aims to improve efficiency by optimizing its cost structure while hiring in key operational roles to meet rising demand for electric vehicle charging.
EVgo Inc. (NASDAQ: EVGO) announces the expansion of its digital coupon platform, EVgo Advantage, to select Cumberland Farms and Wawa locations across several East Coast states, including Massachusetts, Connecticut, New York, Pennsylvania, Maryland, Virginia, and Florida. This program delivers on-the-spot promotions to enhance the charging experience for EV drivers, as a 2022 EVgo survey found that 87% of EV drivers shop at local retailers while charging. Launched in 2019, EVgo Advantage aims to increase customer engagement and foot traffic, showcasing EVgo's commitment to enhancing the EV charging landscape.
EVgo Inc. (NASDAQ: EVGO) has announced the inaugural National EV Charging Recognition Program, honoring ‘EV Charging Heroes’ for their commitment to EV charging infrastructure deployment. Celebrated leaders include site hosts, utilities, and contractors recognized for their contributions. The award ceremony will take place virtually on January 19 at 11 a.m. PT. Notable awardees include Sterling Organization, PSE&G, and OWL Services. CEO Cathy Zoi emphasized the importance of collaboration in supporting EV adoption and recognized the significant efforts by awardees to enhance public fast charging networks. EVgo aims to publicize the recognition criteria for future awards.
EVgo Inc. has launched EVgo ReNew, an enhanced maintenance program aimed at improving the reliability of its charging stations. This program will upgrade or retire hundreds of charging stations over the next year, enhancing charger availability for electric vehicle (EV) drivers. The initiative focuses on six core pillars including diagnostics, rapid response, and continuous customer service. As of 2022, EVgo upgraded or removed 125 charging stalls and aims for further enhancements in 2023.
EVgo has partnered with Amazon to enhance the EV charging experience through Alexa. This collaboration allows drivers to find, navigate to, and pay for charging stations using voice commands. The integration will utilize PlugShare to provide a comprehensive charging map and real-time availability. EVgo aims to improve convenience for electric vehicle owners and supports Amazon's commitment to climate goals. The partnership expands access to over 150,000 U.S. public charging stations and builds on EVgo's recent innovations, including the Autocharge+ feature.
EVgo has launched a discount program for Lyft drivers to promote electric vehicle (EV) adoption. This initiative demonstrates their commitment to enhance access to fast charging solutions. Drivers can save up to 45% on charging costs and enjoy waived monthly fees at over 850 EVgo locations nationwide. The program is part of a broader strategy to transition rideshare vehicles to electric and reduce emissions. Cathy Zoi, EVgo's CEO, emphasizes the role of rideshare drivers in community electrification efforts.
EVgo (NASDAQ: EVGO) has opened a new public fast charging station at Marina Square Shopping Center, San Leandro, California, supported by the California Energy Commission and Uber. The facility features 100kW and 350kW chargers, serving up to four vehicles simultaneously. This station enhances EV charging access for rideshare and retail drivers in the Bay Area, crucial for high-demand areas like near Oakland International Airport. EVgo's network now includes over 850 locations nationwide, aiming to provide efficient charging options for all EV drivers.
