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. The companies also plan to extend the geographic reach from 40 metropolitan markets to 52. GM plans to deliver 30 EV models to the market globally through 2025. EVgo said the charging sites will deploy cutting-edge tech, including high-power fast chargers capable of delivering up to 350 kW. When the new 350 kW …
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