HAMBURG, Germany, January 24, 2025 (GLOBE NEWSWIRE) — In a news release issued on January 21, 2025 by XCHG Limited (NASDAQ: XCHG), please note that an incorrect version of the release has been distributed. The corrected version follows:
XCHG Limited (XCharge or the Company), (NASDAQ: XCH), a global leader in integrated electric vehicle charging solutions, today announced a collaboration with a leader in the car rental industry to enhance its charging offerings for electric vehicles at US airport rental facilities. XCharge has completed construction of charging stations at the rental company’s sites at several major East Coast airports and has secured a pipeline of future projects at the rental company’s additional airport sites along the East Coast.
XCharge’s high-speed chargers and efficient installation process quickly strengthened the rental company’s airport charging infrastructure, helping it meet its service standards and fleet expansion goals rental of electric vehicles. Given their relatively small footprint and power grid constraints, rental car agencies at U.S. airports face unique challenges in adopting electric vehicles. XCharge’s comprehensive solutions are designed to operate within these limits, providing simple and rapid installation without the need for intensive site upgrades, thereby maximizing efficiency and reducing construction complexity.
Additionally, XCharge’s Level 3 charging stations enable shorter charging cycles compared to Level 2 solutions commonly used at existing airports, solving bottlenecks in car rental services and improving satisfaction customers. During the company’s initial airport project for the rental company, XCharge’s simultaneous charging technology significantly reduced the average charging time, increasing charging speed by more than ten times.
Aatish Patel, President of XCharge, said: “We are delighted with the positive results of this collaboration. The results underscore our commitment to being more than just a hardware provider: “We want to resolve our partners’ most pressing concerns as efficiently as possible, from site design to operational efficiency. or even education on electric vehicle charging. By focusing on the broader needs of those we work with, we have created turnkey solutions that effectively address key challenges. We look forward to expanding this cooperation and bringing our high-quality charging services to more customers nationwide.
As charging anxiety remains a major concern for EV drivers, especially newcomers, XCharge will continue to strategically increase its presence in locations with significant organic consumer traffic to showcase its services convenient, high-speed charging solutions to a wider audience.
About XCharge
XCharge (NASDAQ: XCH), founded in 2015, is a global leader in integrated electric vehicle charging solutions. The Company offers comprehensive electric vehicle charging solutions, which mainly include DC fast chargers and advanced battery-integrated DC fast chargers, as well as their accompanying services. Through the combination of XCharge’s proprietary charging technology, energy storage system technology and related services, the company improves the efficiency of electric vehicle charging and unlocks the value of storage and management energy. Committed to providing innovative and efficient electric vehicle charging solutions, XCharge is actively working towards establishing a global green future essential for long-term growth and development.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements regarding the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as may, will, expects, anticipates, targets, aims, estimates, intends, plans, believes, potential, continues, is/is susceptible to or other similar expressions. . All information provided in this press release is as of the date of this press release, and the Company undertakes no obligation to update such information except as required by applicable law.
For investor and media inquiries, please contact:
XCharge
RI Department
Email: ir@xcharge.com
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Jenny Cai
Tel: +86 (10) 6508-0677
Email: XCharge@tpg-ir.com
Source: XCHG LIMITED
