GM and EVgo celebrate 1,000th fast charging station milestone

On Tuesday, General Motors (NYSE: GM) and EV charging firm EVgo (NASDAQ: EVGO) announced the opening of their 1,000th fast charging stall as part of a collaboration that began in 2020 to install 3,250 fast chargers in major metro areas.

The 1,000th stall was opened in a ribbon cutting ceremony held at Woodgrove Festival Shopping Mall in Woodridge, Illinois, a suburb of Chicago. Several representatives from both General Motors and EVgo, such as Alex Keros, GM's Director of EV Infrastructure Deployment, and Francine Sullivan, EVgo's Chief Legal Officer and General Counsel addressed the audience and shared their thoughts on this momentous occasion.

General Motors declared EVgo as one of its favored EV charge point operators in a press release last year. The two companies went on to partner with Pilot Travel Centers to establish 2,000 fast-charging stations at around 500 Pilot and Flying J travel centers throughout the United States.

“The availability of fast charging infrastructure is key to widespread EV adoption and consumer confidence in all-electric transportation.” Said EVgo CEO Cathy Zoi. “Today, we’ve hit a major milestone in our joint efforts to electrify the transportation sector and we look forward to further expanding our charging footprint with GM in the coming years to realize our vision of Electric for All.”

GM’s collaboration with EVgo was announced in 2020. The collaboration has so far resulted in the opening of new DC fast charging stalls in almost 230 locations across 39 markets and 27 states.

“It’s imperative we expand public charging infrastructure to complement the rapid expansion of our breakthrough EV portfolio,” Said GM VP of Charging, Hoss Hassani in a press release.

Alex Keros, director of EV infrastructure at General Motors, added “these key milestones are really important for the industry. We need to continue and accelerate this journey!”

Shares of GM and EVGO are down 1.53% and 3.21% respectively in mid-day trading Wednesday.

By Michael Elkins | [email protected]

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