Latest news with #chargingnetwork
Auto Blog
3 days ago
- Automotive
- Auto Blog
Rivian Adds Tesla Superchargers To Its Adventure Network
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. View post: Mercedes' New Electric AMG Wagon Is So Powerful It Destroyed Tires in Just a Few Laps View post: Walmart Is Selling a 'Compact and Useful' $60 Car Trash Can for Only $10, and Shoppers Say It's a 'Game Changer' Third-party charging solutions have been hit-or-miss for years, offering spotty reliability and an unpredictable experience in many cases. Tesla's Supercharger network delivers a significantly friendlier experience, leading most automakers to install the company's charging ports in new EVs. Rivian will soon begin rolling out vehicles with Tesla's North American Charging Standard (NACS), and it was recently reported that it will soon add them to its growing Adventure Network. Previous Pause Next Unmute 0:00 / 0:09 Full screen 2024 Kia EV6 GT-Line review: Is this the EV that will convert you? Watch More Source: Rivian Rivian's Adventure Network (RAN) is a fraction of the size of Tesla's Supercharger spread, with CEO RJ Scaringe saying that RAN and Superchargers are both great charging networks, but noting that Tesla's solution is scaled far past that of his company's network. As Rivian looks to expand its charging presence, the addition of Tesla plugs will ensure continued access to a wide range of EVs. Current Rivian owners must use an adapter to charge at NACS-equipped locations, but the company is expected to begin installing the ports in next-generation versions of the R1 and upcoming R2 vehicles. The automaker installed the first plugs at its location in Joshua Tree, CA, where it converted a third of the CCS plugs to NACS. The automaker's 'Charging Outposts' blend the feel of a rest stop with a traditional charging station, offering a lounge, snacks and coffee, and Rivian merchandise. The first location opened in Yosemite last year, and the company is building an east coast headquarters location in Georgia. Workers lower an R1T truck body onto a chassis in the assembly line at the Rivian electric vehicle plant. — Source:Rivian's Outposts are neat, but they might be overshadowed by Tesla's new Diner, which recently opened in Hollywood, offering charging, movies, merchandise, and food. Tesla plans to open more locations if the first is successful, but it took the company eight years to build the first location, so there's no telling how or when another may arrive. About the Author Chris Teague View Profile
Yahoo
23-07-2025
- Automotive
- Yahoo
RBC Capital Maintained a Buy Rating on EVgo, Inc. (EVGO)
EVgo, Inc. (NASDAQ:EVGO) is one of the . On July 15, Chris Dendrinos from RBC Capital maintained a Buy rating on EVgo, Inc. (NASDAQ:EVGO). The company is set to report its second quarter earnings on August 1, 2025. The company beat expectations during its fiscal first quarter results. EVgo, Inc. (NASDAQ:EVGO) delivered revenue of $75.29 million, up 36.5% and ahead of expectations by $3.91 million. This was a record quarterly revenue driven by a 49% rise in Charging network revenue. Moreover, Network throughput reached 83GWh, marking a 60% jump year-over-year. Management noted that over 180 new charging stalls were added, ending the quarter with 4,240 stalls in operation. The company reaffirmed its FY2025 guidance and is expecting revenue between $340 million and $380 million. A businessman plugging in to a public charging station, symbolizing the services provided by the company. EVgo, Inc. (NASDAQ:EVGO) operates one of the largest public fast charging networks for electric vehicles in the United States, with more than 1,100 charging stations across over 40 states. While we acknowledge the potential of EVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
23-07-2025
- Automotive
- Yahoo
Korean EV charging operator Chaevi files for IPO
South Korean electric vehicle (EV) charging network operator, Chaevi Company Ltd, announced that it has filed a preliminary application to list its shares on the (Kosdaq) South Korean junior stock exchange, according to local reports. The company, which has a network of around 5,700 fast charging ports across South Korea, is targeting a valuation of KRW 1 trillion (US$ 725 million) with its initial public offering (IPO). This is more than double the initial KRW 460 billion valuation given to the company during its 2023 funding round, when STIC Investments Inc and KB Asset Management invested a combined KRW 120 billion won. KB Securities and Samsung Securities are the lead underwriters of the IPO, while Daishin Securities and Hana Securities are joint bookrunners. Chaevi, established in 2016, reported sales of KRW 85 billion in 2024, and generated an operating loss of KRW 2.6 billion. The company plans to use the proceeds of the IPO to scale up its domestic network and expand into overseas markets. "Korean EV charging operator Chaevi files for IPO" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
15-07-2025
- Automotive
- Yahoo
VinFast Auto (VFS) Partners With RoadGrid
VinFast Auto Ltd. (NASDAQ:VFS) is one of the . On July 8, VinFast Auto Ltd. (NASDAQ:VFS) announced partnering with RoadGrid to strengthen its EV service and charging network across India. The collaboration aims to enhance customer experience by expanding service workshops and after-sales support nationwide. RoadGrid is known for its advanced EV charging and service solutions. It operates in multiple cities and focuses on creating a smart, scalable ecosystem for electric vehicle users. The partnership will combine VinFast Auto Ltd. (NASDAQ:VFS)'s electric vehicle expertise with RoadGrid's infrastructure to offer reliable, convenient charging and maintenance services. A closeup of a self-driving hardware unit inside the dashboard of a passenger vehicle. The company is also preparing for a new product launch in India and is building a strong foundation to ensure accessibility and convenience for customers. VinFast Auto Ltd. (NASDAQ:VFS) designs, manufactures, and sells electric vehicles, including cars, e-scooters, and e-buses. While we acknowledge the potential of VFS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
New York Times
12-06-2025
- Automotive
- New York Times
Charging Electric Cars, a Bane of Their Owners, May Be Improving
Since Tesla installed its first Superchargers in 2012 for the exclusive use of its customers, owners of other electric cars have often felt like second-class citizens. They have wandered in search of electric oases in desolate parking lots, often making desperate calls to help centers after becoming stymied by balky or broken chargers. It's no surprise, then, that consumers rank problems with public electric vehicle charging and the time it takes to fuel up as their top two reasons for rejecting electric vehicles, according to J.D. Power. But help may finally be at hand. Automakers and charging companies are building new stations and updating their cars to allow drivers to more easily and quickly recharge their vehicles. They are also outfitting charging stations with more amenities like food and bathrooms while making the devices more reliable. And because chargers are only as fast as the cars they connect with, automakers are designing new cars to absorb electricity at Usain Bolt-level speeds. In addition, many automakers have cut deals with Tesla allowing owners of other cars access to the company's fast-charging network, the largest in the country and widely considered the most reliable. There is early evidence that efforts to improve electric vehicle charging are paying off. In recent years, J.D. Power surveys showed that about 20 percent of attempts to charge electric vehicles at all public stations ended in failure because of faulty chargers, long lines or payment glitches. But in the first three months of 2025, overall failure rates fell to 16 percent, the biggest improvement since the surveys began in 2021. 'The industry is finally elevating as a whole,' said Brent Gruber, an executive director at J.D. Power. The number of chargers has also increased. There were about 55,200 fast chargers in the United States in May, up from 42,200 a year earlier, according to federal data. Want all of The Times? Subscribe.
