👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

EVgo announces commercial agreement with Subaru

Published 11/18/2022, 01:46 PM
Updated 11/18/2022, 01:52 PM
© Reuters.  EVgo (EVGO) announces commercial agreement with Subaru
EVGO
-

By Michael Elkins

Fast charging network company, EVgo Inc (NASDAQ:EVGO) announced alongside Subaru of America (OTC:FUJHY) that the two companies have entered into a commercial agreement to provide drivers of the 2023 Solterra EV SUV with the option to receive a $400 charging credit on the EVgo public fast charging network. The announcement follows EVgo’s previous news of becoming Subaru’s preferred EV charging partner in the beginning of 2022.

“Subaru and EVgo share a commitment to delivering first-in-class customer experiences and combatting climate change,” said Jonathan Levy, Chief Commercial Officer at EVgo. “It’s a natural fit for Subaru and EVgo to bring Solterra drivers a convenient and reliable charging experience on EVgo’s network as they start their electric journey.”

Customers who purchase or lease a new 2023 Subaru Solterra EV SUV will have the option to select $400 of pre-paid charging credits with EVgo or a home charger installation credit. The credits can be used at EVgo’s more than 850 public fast charging locations and 1,200+ L2 charging stalls with more than 46,000 L2 and DC fast charge public chargers.

“With the upcoming deliveries of the Solterra, we wanted to help provide a seamless ownership experience for drivers, and we knew that EVgo provided a strong platform for our customers,” said Robert Brennan, Electric Vehicle Sales Strategy Manager at Subaru. “Our collaboration with EVgo to offer a $400 EVgo charging credit gives our drivers more confidence in their transition to electric and the ability to choose the charging option that best fits their lifestyle.”

Shares of EVGO are down 1.76% in mid-day trading on Friday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.