EVgo to Bring Fast Charging Choices to More Shoppers Across America
MWN-AI** Summary
EVgo Inc. (NASDAQ: EVGO), a leading provider of public fast charging infrastructure for electric vehicles (EVs), has announced plans to significantly expand its charging network in collaboration with Kroger Family of Stores. This strategic plan, set to unfold through 2035, aims to install a minimum of 150 fast charging stalls annually at various Kroger locations across the United States. The initiative follows a partnership that began in 2022 and seeks to enhance customer convenience by offering up to 16 high-power fast charging stalls at select grocery stores.
The first operational site of this expansion is located in Salt Lake City, Utah, with future installations planned in states including Arizona, California, Florida, Georgia, Texas, and Washington. EVgo's charging stations are expected to be available at multiple Kroger-branded stores such as Kroger, Foods Co., Fred Meyer, Fry’s Food Stores, Harris Teeter, King Soopers, and Smith's Food and Drug.
CEO Badar Khan emphasized the importance of this partnership, noting that adding fast charging options at grocery stores addresses the growing demand from EV drivers while enhancing their shopping experience. Each charging station will utilize high-powered EVgo chargers capable of delivering a full charge in approximately 15 minutes—ideal for the typical grocery shopping duration.
This collaboration not only increases convenience for EV owners but also drives additional foot traffic and spending for Kroger and its associated stores. With over 4,600 fast charging stalls currently operational and an aim of exceeding 15,000 stalls by the end of 2029, EVgo's initiatives are set to reshape the charging landscape and promote electric vehicle usage across America. For further details, visit [www.evgo.com](http://www.evgo.com).
MWN-AI** Analysis
EVgo Inc. (NASDAQ: EVGO) is positioned for significant growth as it continues to innovate and expand its fast charging infrastructure. With the recent announcement of a partnership with Kroger Family of Stores, EVgo is set to develop at least 150 fast charging stalls annually through 2035. This initiative not only enhances the EV charging landscape but also caters to the practical needs of shoppers across America.
The strategic partnership is likely to boost customer engagement while simultaneously increasing foot traffic to Kroger locations. Offering high-power fast chargers that enable full charges in just 15 minutes aligns perfectly with consumers’ shopping habits, where many typically spend less than an hour in-store. This convenience will likely attract more EV owners to Kroger, creating increased sales opportunities and potentially enhancing customer loyalty.
From a financial analysis perspective, EVgo's move shows cautious optimism in scaling its operations in a rapidly evolving market. The company’s existing network of over 4,600 stalls across 47 states offers a solid foundation for this expansion. Moreover, with projections to energize over 15,000 stalls by the end of 2029, EVgo may well capitalize on the growing consumer shift towards electric vehicles—a sector anticipated to experience exponential growth in the coming years.
However, investors should remain cognizant of the inherent risks outlined in the company’s forward-looking statements. The success of this expansion is contingent on multiple factors, including potential competition and regulatory changes in the EV space. Analysts may consider monitoring EVgo's quarterly performance closely, particularly user adoption rates and the financial impacts of its partnerships, as these will be critical indicators of its market trajectory.
In summary, for investors considering entry or adding to their positions, EVgo presents an intriguing opportunity, marrying infrastructure growth with consumer convenience against the backdrop of a booming EV market. Careful attention to market dynamics and EVgo’s operational execution will be essential.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
LOS ANGELES, Jan. 13, 2026 (GLOBE NEWSWIRE) -- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest providers of public fast charging infrastructure for electric vehicles (EVs), is planning to build at least 150 fast charging stalls a year through 2035, at Kroger Family of Stores locations across the U.S. Building on a collaboration with Kroger that first began in 2022, the new expansion will bring up to 16 high-power fast charging stalls to select Kroger Family of Stores sites, with the goal of providing customers reliable fast charging while they shop.
The first new charging site of the expanded program is operational in Salt Lake City, Utah, with additional locations targeted in Arizona, California, Florida, Georgia, Texas, Washington and other states. EVgo chargers are slated to be installed at Kroger Family of Stores including Kroger, Foods Co., Fred Meyer, Fry’s Food Stores, Harris Teeter, King Soopers and Smith's Food and Drug branded locations.
“EVgo’s expanded relationship with Kroger introduces more fast charging options into Americans’ everyday lives,” said Badar Khan, CEO of EVgo. “Kroger is the grocery destination of choice for millions of Americans. Adding fast charging to Kroger locations will provide the growing number of EV drivers an essential amenity – the convenience of charging where they shop while empowering drivers with the freedom to choose electric.”
Charging stations built through this collaboration will feature high-power EVgo chargers that can deliver a full charge in as little as 15 minutes — an ideal fit for grocery locations where shoppers tend to spend less than an hour.1 Installing EV infrastructure not only provides convenience for drivers, it also directly benefits nearby businesses by delivering increased foot traffic and customer spending. 2
EVgo’s network includes over 4,600 stalls in operation nationwide with more than 15,000 stalls expected to be energized by the end of 2029. For more information about EVgo, visit www.evgo.com.
1Actual charging time will vary based on vehicle’s charging speed, battery size, and initial state of charge.
About EVgo
EVgo (Nasdaq: EVGO) is one of the nation’s leading public fast charging providers. With more than 1,100 fast charging stations across 47 states, EVgo strategically deploys localized and accessible charging infrastructure by partnering with leading businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators, and autonomous vehicle companies. At its dedicated Innovation Lab, EVgo performs extensive interoperability testing and has ongoing technical collaborations with leading automakers and industry partners to advance the EV charging industry and deliver a seamless charging experience.
Forward Looking Statements
This press release contains forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, certain statements related to EVgo’s product capabilities, features, availability, performance and expected benefits thereof, including for EVgo’s customers; EVgo’s partnership with Kroger and the benefits thereof; and the speed and scope of EVgo’s infrastructure deployment. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under the heading “Risk Factors” and elsewhere in our most recent Quarterly Reports of Form 10-Q and our Annual Reports on Form 10-K, filed with the Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. As a result, you should not rely on any forward-looking statements as predictors of future results. Any forward-looking statements in this release are based on the limited information currently available to EVgo as of the date hereof, which is subject to change, and EVgo will not necessarily update these forward-looking statements, even if new information becomes available in the future.
EVgo Contacts
For Investors:?
investors@evgo.com
For Media:
press@evgo.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4cd9a287-b004-4fd5-bbb4-72150ae659de
FAQ**
How will the partnership with Kroger impact EVgo Inc. EVGO's long-term growth and market share in the electric vehicle infrastructure sector through 2035?
What specific metrics will EVgo Inc. EVGO use to gauge the success of their charging stalls installed at Kroger Family of Stores locations?
How does EVgo Inc. EVGO plan to address potential challenges related to infrastructure deployment and customer demand for fast charging stations?
What projections does EVgo Inc. EVGO have regarding foot traffic increases at Kroger locations due to the introduction of fast charging amenities?
**MWN-AI FAQ is based on asking OpenAI questions about EVgo Inc. (NASDAQ: EVGO).
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