GM, EVgo and Pilot collaborate on building out EV fast-charging network

General Motors Co.
GM,
-2.81%
announced Thursday a collaboration with Pilot Travel Centers LLC to build out a nationwide elective vehicle (EV) fast-charging network of 2,000 charging stalls. The automaker said the network will be installed, operated and maintained by EVgo Inc.
EVGO,
-0.09%.
As part of the collaboration, GM customers will receive special benefits, including exclusive reservations, charging discounts, a streamlined charging process and integration into GM’s apps that provide real-time charging availability and route planning. The collaboration is in addition to the agreement between GM and EVgo to add more than 3,250 fast chargers by the end of 2025. Shares of EVgo rose 3.3% in premarket trading, while GM’s stock fell 1.7%. Meanwhile, futures
ES00,
-1.79%
for the S&P 500
SPX,
-1.66%
dropped 1.3%.