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EVgo Inc. (NASDAQ:EVGO) announced that it has entered into a new supply agreement with Delta Electronics to help mitigate supply chain risk and support fast charging deployment targets.
Under the agreement, Delta will supply EVgo (EVGO) with 1,000 fast chargers with up to 350kW power output to help supports EVgo’s new project with General Motors and Pilot Company. The supply agreement will also support other EVgo eXtend and fleet projects and expansions to EVgo’s (EVGO) owned and operated charging network.
The Delta units for EVgo (EVGO) will primarily consist of 350 kW EV chargers with a power-sharing functionality.
“EVgo and Delta share a reputation as industry first-movers and this collaboration will showcase our complementary strengths and expertise, while supporting EVgo’s momentum and deployment targets to expand access to world-class EV charging experiences across the U.S.” stated EVgo CEO Cathy Zoi.
Shares of EVGO rose 2.26% in premarket trading to $10.85.
