Collaboration includes 400 fast charging stalls
at flagship locations offering customer-centric features such as
canopies, lighting, nearby amenities and pull-through access
After years of collaborating to increase public charging access,
EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the
nation’s largest public fast charging networks, and General Motors
(“GM”) today announced that they are expanding upon their work
together and taking charging to the next level by deploying 400
fast charging stalls at flagship destinations in major metropolitan
areas across the U.S.
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the full release here:
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A rendering of a flagship station
featuring a protective canopy and pull-through design for easy
access. (Photo: Business Wire)
With features such as 350kW fast chargers, ample lighting,
canopies, pull-through stations and security cameras, the flagship
stations are poised to set a new benchmark in the EV charging
landscape, by addressing the growing demand for convenient,
reliable and customer-centric charging solutions in the markets
that need them most.
Most flagship stations are expected to feature up to 20 stalls,
with select locations providing significantly higher stall counts,
ensuring that there are critical charging hubs to best serve the
growing number of EV drivers on the road. Flagships will be
deployed coast to coast, including in metropolitan areas in states
such as Arizona, California, Florida, Georgia, Michigan, New York
and Texas. Co-branded by EVgo and GM Energy, the flagship stations
will be located near a diverse set of amenities including shopping,
dining, coffee shops and other services drivers can take advantage
of while they charge.
“The future of EV charging is larger stall count locations,
high-power charging, and designing around features that customers
love – such as pull-through access, canopies and convenient
amenities. Through this next evolution of EVgo and GM’s esteemed
collaboration, the future of EV charging is here,” said Dennis
Kish, President at EVgo. “In order to be the charging provider of
choice, we need to lead on customer satisfaction, and we will
continue to innovate to deliver a charging experience that is
convenient, comfortable, and dependable for current and future EV
drivers.”
The first flagship location is expected to open in 2025. The new
stations will frequently leverage EVgo’s prefabrication approach to
expedite construction timelines and offer modularity to ease future
expansion.
“Ensuring that our customers have seamless access to convenient
and reliable charging is imperative, and this effort will take it
to the next level,” said GM Energy VP Wade Sheffer. “Through our
collaborations with industry leaders like EVgo, we continue to
innovate and expand customer-centric charging solutions that will
meet the evolving needs of EV drivers across the country.”
In addition to the agreement to build flagship locations, EVgo
and GM continue to collaborate on their ongoing metropolitan
charging footprint buildout. The companies plan to build a total of
2,850 DC fast charging stalls, with funding reallocated to deliver
premium charging experiences for EV drivers at flagship locations.
The companies celebrated the opening of their 1,000th fast charging
stall in August 2023 and expect to install their 2,000th stall by
the end of 2024.
For more information about the EVgo fast charging network and
station locations, visit www.evgo.com.
About EVgo EVgo (Nasdaq: EVGO) is a leader in electric
vehicle charging solutions, building and operating the
infrastructure and tools needed to expedite the mass adoption of
electric vehicles for individual drivers, rideshare and commercial
fleets, and businesses. EVgo is one of the nation’s largest public
fast charging networks, featuring over 1,000 fast charging
locations across more than 35 states, including stations built
through EVgo eXtend™, its white label service offering. EVgo is
accelerating transportation electrification through partnerships
with automakers, fleet and rideshare operators, retail hosts such
as grocery stores, shopping centers, and gas stations, policy
leaders, and other organizations. With a rapidly growing network
and unique service offerings for drivers and partners including
EVgo Optima™, EVgo Inside™, EVgo Rewards™, and Autocharge+, EVgo
enables a world-class charging experience where drivers live, work,
travel and play.
About GM General Motors (NYSE:GM) is a global company
focused on advancing an all-electric future that is inclusive and
accessible to all. At the heart of this strategy is GM's battery
platform, which will power everything from mass-market to
high-performance vehicles. General Motors, its subsidiaries and its
joint venture entities sell vehicles under the Chevrolet, Buick,
GMC, Cadillac, Baojun and Wuling brands. More information on the
company and its subsidiaries, including OnStar, a global leader in
vehicle safety and security services, can be found at
https://www.gm.com.
Forward Looking Statements This press release contains
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be
identified by the use of words such as “estimate,” “plan,”
“project,” “forecast,” “intend,” “will,” “expect,” “anticipate,”
“believe,” “seek,” “target,” “assume” or other similar expressions
that predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
are based on management’s current expectations or beliefs and are
subject to numerous assumptions, risks and uncertainties that could
cause actual results to differ materially from those described in
the forward-looking statements. You are cautioned, therefore,
against relying on any of these forward-looking statements. Risks
and uncertainties that could affect the Company’s financial results
are included under the captions “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations of EVgo” in EVgo’s most recent Annual Report on Form
10-K, filed with the Securities and Exchange Commission (the
“SEC”), as well as its other SEC filings, copies of which are
available on EVgo’s website at investors.evgo.com, and on the SEC’s
website at www.sec.gov. All forward-looking statements in this
press release are based on information available to EVgo as of the
date hereof, and EVgo does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made,
except as required by applicable law.
Cautionary Note on Forward-Looking Statements This
communication and related comments by management, may include
“forward-looking statements” within the meaning of the U.S. federal
securities laws. Forward-looking statements are any statements
other than statements of historical fact. Forward-looking
statements represent our current judgment about possible future
events and are often identified by words like “aim,” “anticipate,”
“appears,” “approximately,” “believe,” “continue,” “could,”
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“plan,” “potential,” “priorities,” “project,” “pursue,” “seek,”
“should,” “target,” “when,” “will,” “would,” or the negative of any
of those words or similar expressions. In making these statements,
we rely on assumptions and analysis based on our experience and
perception of historical trends, current conditions and expected
future developments as well as other factors we consider
appropriate under the circumstances. We believe these judgments are
reasonable, but these statements are not guarantees of any future
events or financial results, and our actual results may differ
materially due to a variety of important factors, many of which are
beyond our control. These factors, which may be revised or
supplemented in subsequent reports we file with the SEC, include,
among others, the following: (1) our ability to deliver new
products, services, technologies and customer experiences; (2) our
ability to timely fund and introduce new and improved vehicle
models; (3) our ability to profitably deliver a broad portfolio of
EVs; (4) the success of our current line of internal combustion
engine vehicles; (5) our highly competitive industry; (6) the
unique technological, operational, regulatory and competitive risks
related to the timing and commercialization of AVs, including the
various regulatory approvals and permits required for operating
driverless AVs in multiple markets; (7) risks associated with
climate change; (8) global automobile market sales volume; (9)
inflationary pressures, persistently high prices, uncertain
availability of raw materials and commodities, and instability in
logistics and related costs; (10) our business in China, which is
subject to unique operational, competitive, regulatory and economic
risks; (11) the success of our ongoing strategic business
relationships and of our joint ventures; (12) the international
scale and footprint of our operations, which exposes us to a
variety of unique political, economic, competitive and regulatory
risks; (13) any significant disruption at any of our manufacturing
facilities; (14) the ability of our suppliers to deliver parts,
systems and components without disruption and at such times to
allow us to meet production schedules; (15) pandemics, epidemics,
disease outbreaks and other public health crises; (16) the
possibility that competitors may independently develop products and
services similar to ours, or that our intellectual property rights
are not sufficient to prevent competitors from developing or
selling those products or services; (17) our ability to manage
risks related to security breaches and other disruptions to our
information technology systems and networked products; (18) our
ability to comply with increasingly complex, restrictive and
punitive regulations relating to our enterprise data practices;
(19) our ability to comply with extensive laws, regulations and
policies applicable to our operations and products, including those
relating to fuel economy, emissions and AVs; (20) costs and risks
associated with litigation and government investigations; (21) the
costs and effect on our reputation of product safety recalls and
alleged defects in products and services; (22) any additional tax
expense or exposure or failure to fully realize available tax
incentives; (23) our continued ability to develop captive financing
capability through GM Financial; and (24) any significant increase
in our pension funding requirements. A further list and description
of these risks, uncertainties and other factors can be found in our
most recent Annual Report on Form 10-K and our subsequent filings
with the SEC. We caution readers not to place undue reliance on
forward-looking statements. Forward-looking statements speak only
as of the date they are made, and we undertake no obligation to
update publicly or otherwise revise any forward-looking statements,
whether as a result of new information, future events or other
factors, except where we are expressly required to do so by
law.
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EVgo For Investors: investors@evgo.com
For Media: press@evgo.com General Motors Sanaz Marbley
Sanaz.marbley@gm.com
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