EVgo (EVGO) soars on positive earnings report
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EVgo Announces Leadership Succession Plan
August 2, 2023 4:11 PM EDTCathy Zoi to Retire as CEO and from the Board of Directors, Effective in November 2023
Industry Veteran and Lead Independent Director, Badar Khan, to Become CEO
LOS ANGELES--(BUSINESS WIRE)-- EVgo Inc. (NASDAQ: EVGO) (EVgo or the Company), one of the nations largest public fast charging networks for electric vehicles (EVs), today announced that its Board of Directors has appointed Badar Khan to succeed Cathy Zoi as Chief Executive Officer, effective on or about November 9, 2023. Zoi will retire as CEO and from the Board following an... More
EVgo Inc. Reports Record Second Quarter 2023 Results
August 2, 2023 4:09 PM EDTRevenue grew to a record $50.6 million in the second quarter, representing an increase of 457% year-over-year. Network throughput reached a record 24.9 gigawatt-hours (GWh) in the second quarter, an increase of 147% year-over-year. Total network utilization was in the double digits in the second quarter. Ended the second quarter with approximately 3,200 stalls in operation or under construction, with 210 new stalls added to the EVgo network during the quarter. Added more than 82,000 new customer accounts in the second quarter, reaching approximately 688,000 overall at the end of the quarter. Won $13.8 million of Ohio NEVI funding... More
EVgo and General Motors Open 1,000th DC Fast Charging Stall as Part of Metropolitan Charging Collaboration
August 1, 2023 11:00 AM EDTMilestone installation marks progress in shared goal of expanding public charging access and accelerating EV adoption
LOS ANGELES--(BUSINESS WIRE)-- EVgo Inc. (NASDAQ: EVGO) (EVgo or the Company), one of the nations largest public fast charging networks for electric vehicles (EVs), and General Motors (GM) have surpassed 1,000 fast charging stalls as part of their longstanding collaboration to expand fast charging infrastructure. First announced in 2020 and expanded upon in 2021, the collaboration will lead to the development and installation of 3,250 DC fast charging stalls in major metro... More
