BEIJING, Sept. 14,
2024 /PRNewswire/ -- XCHG Limited (XCHARGE) (NASDAQ:
XCH) announced the pricing of its initial public offering.
XCharge, founded in 2015, is a global leader in integrated EV
charging solutions, focusing on Innovative New Energy Technologies
and Sustainable Development . The Company offers comprehensive EV
charging solutions which primarily include the DC fast chargers,
the advanced battery-integrated DC fast chargers, as well as its
accompanying services, assisting the rapid development of the new
energy industry.
XCharge has developed one of the world's first two-way energy
storage charging piles – the Net Zero Series DC high-power charging
energy storage equipment, which has been commercialized in
Europe, North America and Asia, and customers are from EV manufacturers,
global energy companies and charging pile operators. According to
Frost & Sullivan, XCharge is one of Europe's leading suppliers of high-power
charging solutions in terms of sales volume in 2023.
Aatish Patel, President and
Co-founder of XCharge North America, said: "Our mission is far more
than building EV charging piles, but to enable everyone to enjoy
the convenient, fair and practical sustainable energy. Now for
XCharge, IPO is a milestone, and in the future, XCharge will
continue to provide global optimization solutions based on the
infrastructure and to develop products for specific markets to
provide net zero and affordable solutions worldwide, so that
everyone can participate in and jointly build a more resilient and
sustainable future!"
Dr. Bo Bai, Chairman and Founder
of Asia Green Fund, said: "Congratulations to XCharge's IPO. As a
shareholder of XCharge, Asia Green Fund is very honored to have
participated in and witnessed its growth. We share the same vision
of low carbon and sustainable development. The follow-up will be
more anticipated that the company expand its influence globally and
highlight its greater value on promoting Net Zero future.
View original
content:https://www.prnewswire.com/news-releases/xcharge-asia-green-funds-portfolio-successfully-listed-on-nasdaq-302251154.html
SOURCE Asia Green Fund
