EVgo stock ticks up as it receives domestically-made chargers from Delta Electronics

EVgo Inc.(EVGO) stock was up 1.4% in premarket trades Monday after the electric vehicle charging company said it has received ten 350kW fast chargers from Delta Electronics from Delta's recently-opened factory in Plano, Texas. The chargers were made under the U.S.'s Build America, Buy America Act (BABA) program and mark the first shipment "in developing the robust domestic supply chain needed to support the rapid growth in EV adoption" in the U.S., the company said. The chargers were partly funded through the National Electric Vehicle Infrastructure (NEVI) Formula Program. EVgo expects to receive more 350kW BABA-compliant chargers from Delta Electronics later this year.

-Steve Gelsi

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09-11-23 0713ET

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