Evgo Inc

EVgo Inc. has announced a next-generation charging system capable of delivering up to 750kW of charging power. Design, development, and testing of the new charger are being carried out at EVgo's Innovation Lab in El Segundo, California, with co-development support from longtime partner Delta Electronics, making EVgo one of the only American charging networks to design its own chargers. CEO Badar Khan said the 750kW architecture future-proofs the network, noting that charge rates on the EVgo network are up nearly 20% over the last two years. The design draws on learnings from 1.8 million customer accounts and data from over 10 million sessions per year, and includes better cable maneuverability, a touchless payment interface, and NACS connectors as part of EVgo's strategy to double its addressable market. The system is expected to charge the fastest charging vehicles in the U.S. market in around 10 minutes, and the final charger design is expected to be unveiled in 2027 as EVgo begins deploying the new architecture.

TD Cowen told clients on Tuesday that the recent selloff in auto stocks over fears of Chinese automakers entering the US market is "overdone," as President Xi Jinping arrives in Washington on Wednesday for three days of talks with President Trump. Senior analyst Itay Michaeli wrote that a shift in US import policy at the summit is "very unlikely," though he urged investors to prepare for that eventuality anyway, noting that most industry contacts share that view. A coalition led by the Alliance for Automotive Innovation, joined by the American Automotive Policy Council, dealer group NADA, and supplier association MEMA, sent a letter to Trump urging the administration to "keep the door firmly shut to Chinese automakers seeking to sell, import, or manufacture vehicles inside the US," crediting Trump's 100% tariffs on Chinese vehicles and a Commerce Department rule barring Chinese connected-car software with shielding the US from the surge seen in Europe, Australia, Southeast Asia, Mexico, and South America. TD Cowen laid out guardrails under which Chinese automakers could be forced in through minority-owned joint ventures with domestic players and probably barred from building full-size trucks, and Michaeli argued such structures "might even prove EPS accretive given sizable D3 EV losses," with Stellantis arguably having the most to gain given its lower North America EBIT starting point. The firm sees EV suppliers and charging networks like ChargePoint and EVgo as beneficiaries of faster US EV adoption, and parts makers with existing ties to Chinese OEMs, including BorgWarner and Aptiv, as "better positioned" than most, while the math is mixed for EV pure-plays Tesla, Rivian, and Lucid. The catch, per Michaeli, is that Big Three stock multiples could still suffer on the long-term risk that any initial restrictions eventually get lifted.

EVgo and Regency Centers announced an expanded partnership on Wednesday to add more than 400 EV charging stalls at Regency shopping centers across the U.S., building on the 150-plus stalls EVgo already operates at Regency properties. The new chargers are expected to increase Regency Centers' EV charging footprint by more than 20 percent. The rollout will cover retail centers in Colorado, Florida, Illinois, New Jersey, New York, Pennsylvania, Texas, Virginia, and other states, mainly at high-density, grocery-anchored locations. Each new site can feature up to 24 high-power chargers, with speeds capable of delivering a full charge in as little as 15 minutes, depending on the vehicle. The expansion strengthens EVgo's charging network while supporting Regency Centers' broader EV infrastructure and sustainability goals.

EVgo announced an agreement with Tesla to deploy EVgo-branded superchargers, a move that more than doubles its addressable market by reaching both Tesla and non-Tesla NACS drivers. Under the deal, EVgo will own the chargers, select locations, and set pricing, while Tesla builds and operates them under a long-term arrangement, with deployments expected in dozens of U.S. cities starting this year. The V4 superchargers are 500 kilowatts with Tesla's Magic Dock technology, serving both NACS and CCS vehicles without adapters, and EVgo expects gross capital cost per stall broadly equivalent to its current builds with little to no incremental growth G&A. EVgo also reported second quarter 2026 revenue of $83 million, a 16% year-over-year decrease driven entirely by its non-charging business, while charging network revenue rose 19% to $61 million. The company reiterated its long-term target of approximately $0.5 billion in recurring adjusted EBITDA by 2030 and provided 2026 guidance including total revenue of $400 million to $430 million and adjusted EBITDA loss of negative $25 million to negative $5 million.

EVgo and General Motors have opened a new flagship charging station in metropolitan Detroit, part of a broader program that now has more than 40 flagship stalls nationwide and is expected to surpass 100 stalls by the end of 2026. The latest site, located at a Meijer store in Warren, Michigan, features 12 stalls with CCS and NACS connectors, 350 kW charging, and a pull-through canopy for vehicles with trailers. EVgo plans to build additional flagship stations in California, Florida, Georgia, Illinois, Michigan, and Texas. Separately, EVgo has built nearly 2,400 stalls across 32 states with GM's support, and a collaborative network with Pilot Company has surpassed 1,300 stalls at 300 locations across 40 states.

General Motors, Pilot Travel Centers, and EVgo announced their shared fast-charging network has surpassed 300 locations with 1,300 stalls across 40 states, covering about 75% of the contiguous United States. GM shares have returned 69.5% over the past year and closed at $88.31. A Simply Wall St narrative based on analyst targets and earnings projections estimates a fair value of $94.81, implying the stock is 6.9% undervalued, while a separate discounted cash flow model suggests a fair value of $137.61, or 35.8% above the current price. The analysis highlights growing monetization of software and services such as Super Cruise and OnStar, supported by $4 billion in deferred revenue and rapid subscriber growth, as a driver of higher-margin recurring revenue. Risks include potential multibillion-dollar tariff impacts and fading EV tax credits or consumer incentives.

EVgo announced plans to add Tesla V4 Superchargers to its metropolitan network, with deployments starting this fall and the first sites expected to be operational in the second half of 2026. The new EVgo Superchargers will deliver up to 500 kilowatts and 1000 volts, adding up to 200 miles of range in 15 minutes, and will feature Tesla's Magic Dock technology for native CCS and NACS charging without adapters. They will appear on in-car Tesla navigation and be integrated into the Tesla Trip Planner. The expansion comes as consumer demand on EVgo's network has surged over 700 percent in three years, with more than 35 NACS-equipped models anticipated by the end of 2026 and over 3 million Tesla vehicles already sold in the U.S. EVgo also plans to deploy its next-generation charging architecture, with first units expected by year-end.

Pilot Company, General Motors and EVgo announced their collaborative electric vehicle fast-charging network has surpassed 300 locations with 1,300 fast-charging stalls across 40 states. The network now spans approximately 75% of the contiguous United States, covering more than 2.2 million square miles. The companies are more than halfway toward their goal of installing up to 2,000 fast-charging stalls across up to 500 locations nationwide. Since launching in 2022, the network has earned a Plugshare score of 9.41 out of 10 as of July 2026.

EVgo and Brixmor Property Group are expanding their partnership to add more than 500 new EVgo fast charging stalls across the United States. Once complete, at least 90 Brixmor shopping centers, representing more than 25% of the company's portfolio, will feature EVgo fast chargers. New locations include Florida, Illinois, Minnesota, New Jersey, Pennsylvania, and Texas, with deployment beginning later this year and the first site expected at Barn Plaza in a Philadelphia suburb. The new sites will feature up to 12 high-power chargers each, building on a partnership that began in 2016.

The EV charging management software market is shifting from on-premise solutions to cloud-based technologies to improve scalability, real-time data handling, and more efficient integration across public, private, and fleet charging applications. Emerging trends include integration with smart grids and IoT for real-time monitoring and dynamic management, scalable cloud-based platforms with enhanced data analytics, dynamic pricing and smart charging algorithms, growing use of renewable energy sources like solar and wind, and improved user experience through mobile apps and seamless payment options. Key developments include ChargePoint upgrading its cloud-based platform with real-time data analytics and predictive maintenance, EVgo launching management tools for business and municipal fleets that combine public and private charging, and Siemens introducing a software solution that maximizes renewable energy integration by adjusting charging based on solar and wind availability. Market drivers include increasing electric vehicle adoption, government incentives and regulations, and integration with renewable energy sources, while challenges involve high infrastructure costs, technological complexity and compatibility issues, and data privacy and security concerns.

Generac reported first-quarter revenues of $1.06 billion, up 12.4% year on year and exceeding analyst expectations by 1.1%, while Bloom Energy posted revenues of $751.1 million, a 130% increase that beat estimates by 42%. Among the 17 renewable energy stocks tracked, aggregate revenues surpassed consensus by 5.7% and next-quarter guidance was in line. FuelCell Energy was the weakest performer with revenues of $35.59 million, down 4.9% and missing estimates by 12.6%. Enphase reported revenues of $282.9 million, down 20.6% but meeting expectations, and EVgo posted revenues of $109.5 million, up 45.5% and beating estimates by 22.9%.