RTTNews | Nov 9, 2021 10:03AM EST

10:03 Tuesday, November 9, 2021 (RTTNews.com) - EVgo, Inc. (EVGO) shares are trading more than 25 percent on Tuesday morning after the company announced an expansion to its EV charging program for rideshare drivers on Uber's platform and an agreement with General Motors for fast charging infrastructure build-out collaboration.

The tie-up with Uber will offer new discounts and benefits for all drivers of the rideshare company and will utilize EVgo's network of over 800 public fast chargers.

With the new agreement, EVgo and GM have expanded their build plan to add another 500 high-powered DC fast charging stalls, bringing the total to 3,250 through 2025 and extending the geographic reach from 40 metropolitan markets to 52.

Currently, EVgo shares are at $15.46, up 15.08 percent from the previous close of $13.43 on a volume of 35,825,854. For the 52-week period, the shares have traded in a range of $7.17-$24.34 on average volume of 3,599,444.

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