EVgo, Pilot, GM Reach Milestone With Over 130 Fast-Charging Stations For Long-Distance EV Travel

On Tuesday, EVgo Inc. EVGO shares are trading higher after the company disclosed that the collaboration network with Pilot Company and General Motors GM reached more than 130 electric vehicle (EV) fast-charging locations in over 25 states.

The charging network offers an elevated experience along popular corridors and major interstates, enabling long-distance EV travel.

The company says that the charging stations are now accessible along major routes like I-75 from Michigan to Georgia, as well as regional corridors including Minneapolis to Milwaukee, Detroit to Cleveland, San Antonio to Houston, and Dallas to Nashville.

Notably, in 2022, all the companies disclosed their collaboration to establish up to 2,000 fast-charging stalls across 500 Pilot and Flying J locations.

EV drivers are expected to benefit from Pilot’s travel centers, which offer premium amenities typically unavailable at other charging sites, such as lounges, free Wi-Fi, on-site dining, grab-and-go food and beverages, and grocery and convenience items.

With EVgo's high-power chargers delivering up to 350 kW, drivers can recharge in as little as 15 minutes.

Dennis Kish, president of EVgo stated, “Infrastructure availability is a key factor for drivers considering the choice to drive electric, and EVgo will continue to deploy high-power charging infrastructure nationwide to support current and future EV drivers.

Wade Sheffer, vice president of GM Energy said, “With more than 130 locations now open, which customers can easily find using the GM brand app, we’re helping ensure that charging is seamless and convenient—so drivers can focus on the adventure ahead.”

Earlier this month, the company reported fourth-quarter loss per share of 11 cents, missed the analyst consensus estimate of 9 cents loss and sales of $67.51 million missed the street view of $69.1 million.

Price Action: EVGO shares are up 1.75%at $2.8693 premarket at the last check Tuesday.

Read Next:

• EVgo Growth Dampened By DOE Loan And EV Incentive Uncertainty, Analyst Says

Image courtesy of EVgo, Inc.