EVgo Expands NACS Connector Network to Boost Electric Vehicle Charging Access

EVgo plans to expand its NACS connector network to over 500 by year-end, enhancing fast charging access for electric vehicle drivers. Despite strong revenue growth, the company faces financial challenges, including negative margins and a distressing Altman Z-Score. EVgo operates a leading public direct current fast-charging network in the U.S., partnering with businesses to deploy its infrastructure. The expansion is timely, as over 35 NACS models are projected to be available on American roads by year-end.