EVgo Inc. shares are rallying Tuesday in response to expanded partnerships announced by the company.
EVgo Raises Charging Site Build Target Under Expanded GM Deal
California-based EVgo, which operates a public fast-charging network for electric vehicles (EVs), announced an expansion to the fast-charging infrastructure buildout collaboration with General Motors Company.To meet the growing demand for charging infrastructure, the two companies have increased the build plan to add another 500 high-powered DC fast charging stalls, bringing the total number of charging stalls to 3,250 through 2025. This compares to the 2,750 charging stalls that were previously targeted.
