ChargePoint and GM collaborate to install up to 500 EV fast chargers
2024-12-18
ChargePoint (NYSE: CHPT) and General Motors (NYSE: GM) announced plans to install up to 500 ultra-fast charging ports at strategic locations across the U.S. The new locations, to be branded GM Energy, are expected to be open to the public before the end of 2025.
Many of the new locations will be equipped with ChargePoint’s Omni Port system, which allows vehicles with CCS or NACS charging ports to use any charger, without the need to carry an adapter or dedicate a parking space to a particular connector type. Many of the new locations will feature ultra-fast charging through ChargePoint’s Express Plus platform, capable of charging speeds up to 500kW.
“The transition to electric mobility continues to be driven by leaders such as General Motors offering innovative EVs and committing to make chargers as ubiquitous as possible,” said Rick Wilmer, CEO of ChargePoint. “Our collaboration with GM represents a significant investment in the infrastructure to enable fast and easy charging for all. Together, ChargePoint and GM will deliver a seamless fast charging experience via reliable charging hardware managed by our industry leading software platform.”
“Continuing to provide customers with better charging options helps to remove barriers to EV adoption and improve the ownership experience. Today, GM drivers have access to hundreds of thousands of places to charge and we are proud that this collaboration with ChargePoint adds even more reliable, accessible, and convenient charging experiences,” said Wade Sheffer, GM Energy vice president. “With ultra-fast charging, Omni Port technology, and excellent customer experiences, this collaboration should be another reason why EV drivers and the EV-curious should be excited.”
Through the collaboration, ChargePoint and GM are accelerating the deployment of DC fast charging across the U.S. through an incentive program designed to make it easier for third-party charge point operators (CPOs) to own and operate EV charging infrastructure.
For more information, please visit: www.chargepoint.com.
For more information about GM Energy, please visit: www.gmenergy.gm.com.
Forward Looking Statement
This release includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 relating to, among other things, the total number ports, types of chargers, charger features and the timing of the deployment of ChargePoint chargers under the collaboration with GM. Forward-looking statements include statements regarding ChargePoint’s expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “continue,” “estimate,” “expect,” “intend,” “may,” “should,” “proposed,” “will” and “would” or similar words. These forward-looking statements involve risks, uncertainties, and assumptions, including risks associated with the GM collaboration that may be associated with delays related to identifying appropriate site locations, construction, permitting, site development, and electrical installation, as well as ongoing program participation by ChargePoint partners, charging site hosts and GM. Additional risks and uncertainties are included in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in ChargePoint’s Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on December 6, 2024, which is available on ChargePoint’s website at investors.chargepoint.com and on the SEC’s website at www.sec.gov. Forward-looking statements are not guarantees of future performance and actual results could differ materially from those expressed or implied by the statements made herein. All forward-looking statements in this press release are based on information available as of the date hereof and ChargePoint assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law.
About ChargePoint Holdings, Inc.
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American or European press offices or Investor Relations.
About GM
General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future. Learn more at GM.com.
ChargePoint (NYSE: CHPT) and General Motors (NYSE: GM) announced plans to install up to 500 ultra-fast charging ports at strategic locations across the U.S. The new locations, to be branded GM Energy, are expected to be open to the public before the end of 2025.
Many of the new locations will be equipped with ChargePoint’s Omni Port system, which allows vehicles with CCS or NACS charging ports to use any charger, without the need to carry an adapter or dedicate a parking space to a particular connector type. Many of the new locations will feature ultra-fast charging through ChargePoint’s Express Plus platform, capable of charging speeds up to 500kW.
“The transition to electric mobility continues to be driven by leaders such as General Motors offering innovative EVs and committing to make chargers as ubiquitous as possible,” said Rick Wilmer, CEO of ChargePoint. “Our collaboration with GM represents a significant investment in the infrastructure to enable fast and easy charging for all. Together, ChargePoint and GM will deliver a seamless fast charging experience via reliable charging hardware managed by our industry leading software platform.”
“Continuing to provide customers with better charging options helps to remove barriers to EV adoption and improve the ownership experience. Today, GM drivers have access to hundreds of thousands of places to charge and we are proud that this collaboration with ChargePoint adds even more reliable, accessible, and convenient charging experiences,” said Wade Sheffer, GM Energy vice president. “With ultra-fast charging, Omni Port technology, and excellent customer experiences, this collaboration should be another reason why EV drivers and the EV-curious should be excited.”
Through the collaboration, ChargePoint and GM are accelerating the deployment of DC fast charging across the U.S. through an incentive program designed to make it easier for third-party charge point operators (CPOs) to own and operate EV charging infrastructure.
For more information, please visit: www.chargepoint.com.
For more information about GM Energy, please visit: www.gmenergy.gm.com.
Forward Looking Statement
This release includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 relating to, among other things, the total number ports, types of chargers, charger features and the timing of the deployment of ChargePoint chargers under the collaboration with GM. Forward-looking statements include statements regarding ChargePoint’s expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “continue,” “estimate,” “expect,” “intend,” “may,” “should,” “proposed,” “will” and “would” or similar words. These forward-looking statements involve risks, uncertainties, and assumptions, including risks associated with the GM collaboration that may be associated with delays related to identifying appropriate site locations, construction, permitting, site development, and electrical installation, as well as ongoing program participation by ChargePoint partners, charging site hosts and GM. Additional risks and uncertainties are included in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in ChargePoint’s Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on December 6, 2024, which is available on ChargePoint’s website at investors.chargepoint.com and on the SEC’s website at www.sec.gov. Forward-looking statements are not guarantees of future performance and actual results could differ materially from those expressed or implied by the statements made herein. All forward-looking statements in this press release are based on information available as of the date hereof and ChargePoint assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law.
About ChargePoint Holdings, Inc.
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American or European press offices or Investor Relations.
About GM
General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future. Learn more at GM.com.ils.
