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EVgo to Bring Fast Charging Choices to More Shoppers Across America

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LOS ANGELES, Jan. 13, 2026 (GLOBE NEWSWIRE) -- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), o...

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AI Summary

EVgo plans 150 fast charging stalls annually at Kroger by 2035. Salt Lake City hosts the first expanded charging site operational now. Partnership aims to enhance convenience for EV drivers while shopping. Over 4,600 EVgo stalls currently operational; 15,000 planned by 2029. Collaborative installations may increase customer traffic at Kroger locations.

Sentiment Rationale

The expansion with Kroger enhances EVgo's charging infrastructure, potentially boosting user adoption. Historical collaborations in retail locations have increased foot traffic and sales for partners, positively impacting EVgo's market presence.

Trading Thesis

The benefits from this partnership will accumulate over time as more locations are opened and EV adoption continues to rise. Long-term projections of increased EV infrastructure typically correlate with sustained stock performance improvements.

Market-Moving

  • EVgo plans 150 fast charging stalls annually at Kroger by 2035.
  • Salt Lake City hosts the first expanded charging site operational now.
  • Partnership aims to enhance convenience for EV drivers while shopping.

Key Facts

  • EVgo plans 150 fast charging stalls annually at Kroger by 2035.
  • Salt Lake City hosts the first expanded charging site operational now.
  • Partnership aims to enhance convenience for EV drivers while shopping.
  • Over 4,600 EVgo stalls currently operational; 15,000 planned by 2029.
  • Collaborative installations may increase customer traffic at Kroger locations.

Companies Mentioned

  • KROGER (KROGER)
  • TSLA (TSLA)
  • CCIV (CCIV)
  • F (F)
  • GM (GM)

Industry News

The article details a significant expansion in EVgo's charging network, a key factor in investor interest in EV infrastructure. With increasing demand for EV charging solutions, this directly correlates with EVgo's future earnings potential.

EVgo to Expand Fast Charging Infrastructure Across the U.S.

On January 13, 2026, EVgo Inc. (NASDAQ: EVGO), a leading provider of public fast charging infrastructure for electric vehicles (EVs), announced plans to significantly enhance its charging network by adding thousands of new fast charging stalls in collaboration with Kroger Family of Stores. This initiative aims to install at least 150 fast charging stalls annually through 2035, starting with a site now operational in Salt Lake City, Utah.

Details of the Expansion

The newly expanded collaboration will see up to 16 high-power fast charging stalls at select Kroger locations, offering EV drivers a reliable charging option while they shop. Additionally, locations in states such as Arizona, California, Florida, Georgia, Texas, Washington, and more are targeted for future installations. Participating brands include Kroger, Foods Co., Fred Meyer, Fry’s Food Stores, Harris Teeter, King Soopers, and Smith's Food and Drug.

  • Expansion Timeline: At least 150 new fast chargers annually until 2035.
  • First Location: Operational site in Salt Lake City, Utah.
  • Additional Locations: Planned for key states across the U.S.

Implications for EV Drivers

EVgo's CEO, Badar Khan, emphasized the broader implications of this partnership: “EVgo’s expanded relationship with Kroger introduces more fast charging options into Americans’ everyday lives. Adding fast charging to Kroger locations will provide the growing number of EV drivers an essential amenity – the convenience of charging where they shop.” This collaboration not only enhances EV accessibility but also promotes a shift toward electric vehicle use among consumers.

The high-power EVgo chargers can deliver a full charge in as little as 15 minutes, making them highly suitable for grocery locations where shoppers typically spend less than an hour. This strategic installation of EV infrastructure not only benefits drivers but also boosts foot traffic and spending for nearby businesses.

EVgo's Current Network and Future Goals

As of now, EVgo operates over 4,600 fast charging stalls nationwide, with projections to energize more than 15,000 stalls by the end of 2029. This expansion reflects EVgo's commitment to enhancing the EV charging experience and broadening access to sustainable technologies.

To learn more about EVgo and its offerings, be sure to visit www.evgo.com.

About EVgo

EVgo (NASDAQ: EVGO) is recognized as one of the nation’s leading public fast charging providers, with over 1,100 fast charging stations across 47 states. The company is strategically focused on deploying localized and accessible charging infrastructure through partnerships with retailers, grocery stores, restaurants, gas stations, rideshare operators, and autonomous vehicle companies. EVgo is committed to advancing the EV charging industry while providing consumers with a seamless charging experience.

Forward-Looking Statements

This announcement includes forward-looking statements under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, regarding the anticipated benefits, capabilities, and deployment of EVgo's charging infrastructure. These statements involve risks and uncertainties, and actual results may differ materially. Investors are encouraged to review the risks identified in EVgo's Quarterly and Annual Reports filed with the Securities and Exchange Commission.

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