HAMBURG, Germany, Jan. 24, 2025 (Globe Newswire) — In a release issued on January 21, 2025 by XCHG Limited (NASDAQ: XCHG), please note that an incorrect version of the release was distributed. The corrected version 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 vehicle space to upgrade its EV offerings at U.S. airport rental facilities. XCharge has completed charging station construction at leasing company locations at several major East Coast airports and has secured a pipeline of future projects at additional leasing company airport locations along the East Coast.
XCharge's high-speed chargers and efficient installation process have quickly enhanced the rental company's airport charging infrastructure, helping it meet its service standards and goals for EV rental fleet expansion. Given their small footprint and facility constraints, U.S. airport rental car locations face unique challenges in EV adoption. XCharge's comprehensive solutions are designed to work within these limits, providing quick and simple installation without the need for extensive site upgrades, increasing efficiency and reducing construction complexity.
Furthermore, XCharge Level 3 charging stations enable shorter charging cycles compared to Level 2 solutions typically used at existing airport locations, solving car rental service bottlenecks and enhancing customer satisfaction. In the company's initial airport project for a rental company, XCharge's synchronous charging technology dramatically reduced the average charging time, improving charging speed more than tenfold.
We are delighted with the positive results of this collaboration,” said Aatish Patel, President of Xcharge. The results underscore our commitment to being more than just a hardware supplier. “We want to solve our partners’ most pressing concerns as much as possible, whether that is site design, operational efficiency, or even EV charging education. By focusing on the broader needs of those we work with, we have created turn-key solutions that address Key Challenges Effectively We look forward to expanding this cooperation and bringing quality shipping services to more customers nationwide.
With charging a concern, XCharp, a charging concern for EV drivers, especially from the early adopters, will continue to strategically leverage its presence in locations with significant organic consumer traffic to bring its convenient, high-speed charging services to a broader audience.
About xCharge
XCharge (NASDAQ: XCH), founded in 2015, is a global leader in integrated EV charging solutions. The company offers comprehensive EV charging solutions, which primarily include DC fast chargers and integrated fast battery charging as well as accompanying services. Through a combination of XCharge's proprietary charging technology, energy storage system technology and accompanying services, the company enhances the efficiency of EV charging and unlocks the value of energy storage and management. Committed to providing innovative and efficient EV charging solutions, XCharge is actively creating a global green future that is critical for long-term growth and development.
Safe port statement
This press release contains forward-looking statements. These statements are made under the Safe Harbor provisions of the US Litigation Reform Act of 1995. Statements that are not historical facts, including statements about 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 in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as, will, expect, expect, aim, target, estimate, intend, plan, believes, potential, continue, likely/likely to or similar expressions. All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update this information, except as required under applicable law.
For investor and media inquiries, please contact:
xCharge
Infrared Department
Email: ir@xcarge.com
Financial communication piaent
Brandy Bassnet
Tel: +1-212-481-2050
Jenny Kay
Tel: +86 (10) 6508-0677
Email: xcharge@tpg-ir.com
Source: XCHG Limited
