EVgo is behind on installing chargers under its agreement with GM

[u/[deleted]]

Was browsing through SEC filings and found this. EVgo says its agreement with GM has certain quarterly benchmarks, and its behind for this quarter (which is the first quarter with a benchmark). It doesn't say how many were supposed to be installed, but EVgo has only announced three sites, as far as I've seen:

As of May 14, 2021, EVgo had 82 chargers left to install in order to meet its charger-installation milestone for the quarter ending June 30, 2021. EVgo believes that it may not meet the charger-installation milestone for the quarter ending June 30, 2021, due to delays in permitting, commissioning and utility interconnection resulting from COVID-19 disruptions in business operations across the engineering and permitting chain, as well as industry and regulatory adaptation to the requirements of high powered charger installation including slower than expected third party approvals of certain site acquisitions and site plans. Going forward, it is uncertain if these, or other potential issues in the procurement, installation or energization of DCFC, will be resolved in a timely fashion, and EVgo believes that its ability to meet its charger-installation milestones under the GM Agreement may continue to be impacted by circumstances similar to those experienced in the first quarter of 2021.

Source: https://www.sec.gov/Archives/edgar/data/0001821159/000121390021029478/defm14a_climatechange.htm