Edit: XCHG Limited by Investing.com
HAMBURG, Germany, Jan. 24, 2025 (GLOBE NEWSWIRE) — Please note that an incorrect version was circulated in the release issued by XCHG Ltd. (NASDAQ: XCHG ) on January 21, 2025. The corrected release is as follows:
XCHG Limited (XCharge or the Company), (NASDAQ: XCH), a global leader in integrated EV charging solutions, today announced a collaboration with a leader in the rental car space to improve EV charging offerings at US airport rental facilities. XCharge has completed construction of charging stations at the rental company’s locations in several major East Coast airports and has confirmed a pipeline of future projects at the rental company’s additional airport locations on the East Coast.
XCharge’s high-speed chargers and efficient installation process helped the rental company quickly consolidate its airport charging infrastructure to meet its service requirements and goals to expand its EV rental fleet. Given their relatively small footprint and utility grid constraints, US airport rental car locations face unique challenges in EV adoption. XCharge’s comprehensive solutions are designed to work within these limits, providing fast, easy installation without deep site modifications, maximizing efficiency and reducing construction complexity.
Additionally, XCharge Level-3 charging stations feature shorter charging cycles compared to Level-2 solutions typically used at existing airport locations, solving rental car service bottlenecks and increasing customer satisfaction. In the company’s initial airport project for the rental company, XCharge’s simultaneous charging technology significantly reduced the average charging time, improving the charging speed by more than ten times.
Atish Patel, President, XCharge, said, “We are delighted with the positive results of this collaboration. The results highlight our commitment to being more than just a hardware supplier: “We want to address our partners’ most pressing concerns as efficiently as possible, whether it’s site design, operational efficiency, or EV charging education.” Focusing on the broad needs of the people we work with, we create key solutions that effectively solve key challenges. We look forward to expanding this partnership and offering our high-quality charging services to more customers nationwide.
As charging anxiety continues to be a concern for EV drivers, especially first-timers, XCharge will continue to strategically increase its presence in areas with significant organic consumer traffic to promote its convenient and high-speed charging services to a wider audience.
About XCharge
Founded in 2015, XCharge (NASDAQ: XCH ) is a global leader in integrated EV charging solutions. The company offers comprehensive EV charging solutions, which primarily include DC fast chargers and advanced battery-integrated DC fast chargers, as well as their associated services. By combining XCharge’s proprietary charging technology, energy storage system technology and associated services, the company will increase EV charging efficiency and unlock the value of energy storage and management. Committed to providing innovative and efficient EV charging solutions, XCharge is actively working to create a global green future that is critical to long-term growth and development.
Description of the safe harbor
This press release contains forward-looking statements. These statements are provided under the protected harbor provisions of the US Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements of the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements inherently involve 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 may be identified by words or phrases such as, allow, expect, anticipate, target, anticipate, anticipate, plan, believe, potential, continue, may or other similar expressions. . All information presented in this press release is as of the date of this press release, and the company does not undertake any responsibility to update this information, except as required by applicable law.
For investor and media inquiries, please contact:
XCharge
IR section
Email: ir@xcharge.com
Pleasant financial relationships
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Phone: +1-212-481-2050
Jenny Kay
Phone: +86 (10) 6508-0677
Email: XCharge@tpg-ir.com
Source: XCHG LIMITED