ChargePoint and General Motors Collaborate to Install Many Hundreds of Electric Vehicle Fast Charging Ports

Chargers to feature class-leading charging speeds for current and future EVs

Today, ChargePoint (NYSE:CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), and General Motors (GM) today announced plans to further accelerate EV infrastructure growth in the U.S. The companies are joining efforts to install hundreds of ultra-fast charging ports at strategic locations across the U.S., featuring the latest innovations in EV charging to improve access to chargers and help drivers get back on the road faster than ever. ChargePoint and GM intend for the locations to be opened and available to the public before the end of 2025.

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ChargePoint and GM are joining efforts to install hundreds of ultra-fast charging ports at strategic locations across the U.S. (Photo: Business Wire)

"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."

Branded GM Energy, many applicable locations will be equipped with ChargePoint's revolutionary Omni Port system. Omni Port allows vehicles with CCS or NACS charging ports to seamlessly charge at any charger, without the need to carry an adapter or dedicate a parking space to a particular connector type. Many of the charging stations planned for the collaboration will feature ultra-fast charging through ChargePoint's Express Plus platform, which is capable of charging speeds up to 500kW.

"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 customers 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. The companies aim to open these new charging stations rapidly, with the locations deployed by the end of 2025.

For more information, please visit: www.chargepoint.com.

For more information about GM Energy, please visit: www.gmenergy.gm.com.

ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

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.

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