据了解，这笔支持性的贷款是根据美国能源部第17条清洁能源融资计划所提供，是在10月3日收到有条件承诺后发放的。The stock price of EVgo, which once fell to just $1.60 this year, surged over 13% in Pre-Market Trading on Friday.
According to Zhitong Finance APP, the stock price of EVgo (EVGO.US), which had once dropped to just $1.60 this year, rose over 13% in Pre-Market Trading on Friday. This surge followed a statement from the US electric vehicle Charging Station Operation network operator, which announced it had received a $1.25 billion loan support from the US Department of Energy to assist in deploying about 7,500 high-power electric vehicle ultra-fast Charging Stations across the USA. This loan also highlights the urgent need for electric vehicles and the Charging Station network that supports them in achieving the US government's ambitious carbon reduction goals.
EVgo stated in its announcement that the expansion will increase the total number of Charging Stations owned and operated by the company to at least 100,000 high-power fast Charging Stations, more than doubling the coverage area of its electric vehicle Charging network by 2029.
It is understood that this supportive loan was provided under the US Department of Energy's Clean Energy Financing Plan, Article 17, and was issued after receiving a conditional commitment on October 3.
"This public-private partnership will help us continue to expand our Charging Station Business scale to meet the vast range of electric vehicle choices that US Consumers will have in the coming years," said EVgo CEO Badal Khan in the statement.
This loan is extremely important for the US Charging Station operator EVgo, which has been in operational difficulties since the Federal Reserve's interest rate hike cycle began in 2022. The stock price has plummeted from a peak of $24 in 2021 to around $6.20 currently, even falling to as low as $1.60 this year. This loan of up to $1.25 billion is actually much higher than EVgo's market value, which was about $6.68 as of the close of US stocks on Thursday.
The core logic behind EVgo's plummeting stock price and operational difficulties is that under the macroeconomic environment of high interest rates maintained by the Federal Reserve and other central banks for a long time, global electric vehicle demand has significantly cooled since the second half of 2022. Additionally, the gradual exit of government subsidies related to global electric vehicles has further weakened demand for electric vehicles, leading to long-term poor performance for Charging Station network operators like EVgo. Thus, this $1.25 billion loan is truly a much-needed lifeline for EVgo.