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XCharge North America and Ascentium Capital Boost EV Charging Accessibility and Profitability with New Leasing Program
Businesswire· 2025-09-23 11:30
Core Viewpoint - XCharge North America and Ascentium Capital have launched a pioneering initiative aimed at accelerating the development of EV charging infrastructure in the U.S. [1] Company Summary - XCharge North America is a subsidiary of XCHG Limited, listed on NASDAQ under the ticker XCH, and focuses on high-power EV charging and battery-integrated solutions [1] - Ascentium Capital, a division of Regions Bank, specializes in financing solutions for small business equipment [1] Industry Summary - The initiative is designed to enhance the EV charging infrastructure, which is critical for the growth of electric vehicle adoption in the U.S. [1]
XCHG Limited Reports the First Half of 2025 Unaudited Financial Results
Globenewswire· 2025-09-23 11:00
Core Viewpoint - XCharge Limited reported a significant decline in revenues and charger deliveries for the first half of 2025, attributed to external factors such as U.S. trade policy uncertainty and evolving renewable energy regulations, but remains optimistic about future growth and operational efficiency improvements [3][11][18]. Financial Performance - Revenues for the first six months of 2025 were $12.5 million, a decrease of 38.2% from $20.1 million in the same period of 2024 [10][11]. - Gross profit was $6.4 million, down from $9.8 million, with a gross margin of 51.3%, slightly up from 48.7% year-over-year [10][11]. - Operating loss increased to $7.4 million from a negligible loss of $0.004 million in the prior year [10][11]. - Net loss for the first half of 2025 was $7.3 million, compared to $0.2 million in the same period of 2024 [18]. Operational Highlights - Total EV charger deliveries fell to 472 units in the first half of 2025, down 59.1% from 1,155 units in the same period of 2024 [2][8]. - DC fast charger deliveries decreased by 40.6% to 454 units from 764 units year-over-year [2][8]. - Service revenues increased by 87.5% to $0.4 million, driven by higher maintenance services [11]. Management Insights - The CEO emphasized the company's resilience amid challenging market conditions and expressed confidence in the underlying demand for XCharge's solutions [3][4]. - A cost containment program has been initiated to enhance operational efficiency and strengthen the financial profile [4]. Management Change - Mr. Joel Adalberto Gallo was appointed as the Chief Financial Officer effective September 3, 2025, bringing over 30 years of experience in accounting and corporate finance [5][6]. Product Development - XCharge launched its GridLink charging system in Europe, fully adapted to meet EU standards, featuring advanced safety and efficiency technologies [7][9].
浙江构建智能充电服务网络
Jing Ji Ri Bao· 2025-09-05 22:14
Core Viewpoint - The launch of the G25 Changshen Expressway charging station in Zhejiang represents a significant advancement in the province's electric vehicle charging infrastructure, showcasing the integration of renewable energy and smart charging technologies. Group 1: Charging Infrastructure Development - The G25 Changshen Expressway charging station features 108 high-power fast charging piles, with 40 supercharging piles capable of reaching a maximum power of 600 kW, enabling a charging speed of nearly "1 second for 1000 meters" [1] - The station can meet the efficient charging needs of over 3000 electric vehicles daily, promoting connectivity in the core intercity green corridor of the Yangtze River Delta [1] - As of now, Zhejiang has built 433 charging stations and 2645 charging piles on its expressways, achieving full coverage of charging facilities across the province [2] Group 2: Integration of Charging and Tourism - The Ma Station tourism distribution center has been developed as a comprehensive demonstration project combining charging and cultural tourism, featuring 178 public charging piles with a maximum power of 30 kW [3] - The center allows users to charge their vehicles while enjoying local culture and shopping, enhancing the overall travel experience [3] Group 3: Social Charging Resource Development - A strategic partnership between State Grid (Shaoxing) Electric Vehicle Service Co., Ltd. and Zhejiang Jinggong Power Technology Co., Ltd. aims to connect over 1600 social charging piles to the State Grid E-charging platform, marking the largest single-enterprise connection in Zhejiang [4] - This initiative is expected to provide over 500,000 charging services annually for electric vehicle users, significantly improving the efficiency of social charging resource utilization [4]
智能充电上涨3.33%,报1.24美元/股,总市值7371.99万美元
Jin Rong Jie· 2025-08-25 14:07
Core Viewpoint - Smart Charging (XCH) has shown a stock price increase of 3.33% on August 25, reaching $1.24 per share, with a total market capitalization of $73.72 million [1] Financial Performance - As of December 31, 2024, Smart Charging's total revenue is projected to be $42.20 million, reflecting a year-on-year growth of 9.59% [1] - The company's net profit attributable to shareholders is expected to be -$11.94 million, which represents a year-on-year decrease of 47.71% [1] Company Overview - Smart Charging Co., Ltd. provides comprehensive electric vehicle charging solutions, primarily including the C6 and C7 series of DC fast chargers [1] - The company claims to offer advanced battery-integrated DC fast chargers as part of its Net Zero Series (NZS), along with supporting services [1] - By combining proprietary charging technology, energy storage technology, and supporting services, the company significantly enhances electric vehicle charging efficiency and unlocks the value of energy storage and management [1]
智能充电上涨5.1%,报1.19美元/股,总市值7074.73万美元
Jin Rong Jie· 2025-08-22 14:53
Core Insights - Smart Charging (XCH) stock increased by 5.1% on August 22, reaching $1.19 per share with a trading volume of $27,600 and a total market capitalization of $70.75 million [1] Financial Performance - As of December 31, 2024, Smart Charging reported total revenue of $42.20 million, representing a year-over-year growth of 9.59% [1] - The company experienced a net loss attributable to shareholders of $11.94 million, which is a decrease of 47.71% compared to the previous year [1] Company Overview - Smart Charging Co., Ltd. provides comprehensive electric vehicle charging solutions, primarily including the C6 and C7 series of DC fast chargers [1] - The company offers advanced battery-integrated DC fast chargers known as the Net Zero Series ("NZS") along with supporting services [1] - Smart Charging combines proprietary charging technology, energy storage technology, and supporting services to significantly enhance electric vehicle charging efficiency and unlock the value of energy storage and management [1]
智能充电上涨5.43%,报1.198美元/股,总市值7122.29万美元
Jin Rong Jie· 2025-08-21 14:36
Core Viewpoint - Smart Charging (XCH) has shown a significant increase in stock price, reflecting positive market sentiment despite a decline in net profit [1] Financial Performance - As of December 31, 2024, Smart Charging reported total revenue of $42.20 million, representing a year-on-year growth of 9.59% [1] - The company experienced a net loss attributable to shareholders of $11.94 million, which is a decrease of 47.71% compared to the previous year [1] Company Overview - Smart Charging Co., Ltd. provides comprehensive electric vehicle charging solutions, primarily including the C6 and C7 series of DC fast chargers [1] - The company offers advanced battery-integrated DC fast chargers under its Net Zero Series (NZS), combining proprietary charging technology, energy storage technology, and supporting services [1] - The overall solutions provided by the company significantly enhance electric vehicle charging efficiency and unlock the value of energy storage and management [1]
智能充电上涨2.63%,报1.17美元/股,总市值6955.83万美元
Jin Rong Jie· 2025-08-20 14:17
Core Viewpoint - Smart Charging (XCH) has shown a modest increase in stock price, reflecting market interest despite financial challenges [1] Financial Performance - As of December 31, 2024, Smart Charging reported total revenue of $42.20 million, representing a year-over-year growth of 9.59% [1] - The company experienced a net loss attributable to shareholders of $11.94 million, which is a decrease of 47.71% compared to the previous year [1] Company Overview - Smart Charging Ltd. provides comprehensive electric vehicle charging solutions, primarily featuring the C6 and C7 series of DC fast chargers [1] - The company claims to offer advanced battery-integrated DC fast chargers as part of its Net Zero Series (NZS), along with supporting services [1] - Smart Charging combines proprietary charging technology, energy storage technology, and supporting services to significantly enhance electric vehicle charging efficiency and unlock the value of energy storage and management [1]
智能充电上涨10.82%,报1.263美元/股,总市值7510.51万美元
Jin Rong Jie· 2025-08-20 13:50
Core Viewpoint - Smart Charging (XCH) has shown a significant increase in stock price, indicating positive market sentiment despite financial challenges [1] Financial Performance - As of December 31, 2024, Smart Charging reported total revenue of $42.2037 million, reflecting a year-on-year growth of 9.59% [1] - The company experienced a net loss attributable to shareholders of $11.9405 million, which is a decrease of 47.71% compared to the previous year [1] Company Overview - Smart Charging Ltd. provides comprehensive electric vehicle charging solutions, primarily including the C6 and C7 series of DC fast chargers [1] - The company claims to offer advanced battery-integrated DC fast chargers as part of its Net Zero Series (NZS), along with supporting services [1] - The integration of proprietary charging technology, energy storage technology, and supporting services significantly enhances electric vehicle charging efficiency and unlocks the value of energy storage and management [1]
智能充电上涨2.46%,报1.158美元/股,总市值6883.30万美元
Jin Rong Jie· 2025-08-18 16:57
Core Insights - Smart Charging (XCH) stock increased by 2.46% on August 19, reaching $1.158 per share with a total market capitalization of $68.83 million [1] - For the fiscal year ending December 31, 2024, Smart Charging reported total revenue of $42.20 million, reflecting a year-over-year growth of 9.59%, while the net profit attributable to shareholders was a loss of $11.94 million, a decrease of 47.71% compared to the previous year [1] Company Overview - Smart Charging Co., Ltd. provides comprehensive electric vehicle charging solutions, primarily featuring the C6 and C7 series of DC fast chargers [1] - The company offers advanced battery-integrated DC fast chargers under its Net Zero Series (NZS), combining proprietary charging technology, energy storage technology, and supporting services [1] - The overall solutions provided by the company significantly enhance electric vehicle charging efficiency and unlock the value of energy storage and management [1]
智能充电上涨4.42%,报1.18美元/股,总市值7015.28万美元
Jin Rong Jie· 2025-08-14 13:43
Core Viewpoint - Smart Charging (XCH) has shown a positive market response with a 4.42% increase in stock price, indicating investor interest despite financial challenges [1] Financial Performance - As of December 31, 2024, Smart Charging reported total revenue of $42.20 million, reflecting a year-on-year growth of 9.59% [1] - The company experienced a net loss attributable to shareholders of $11.94 million, which is a decrease of 47.71% compared to the previous year [1] Company Overview - Smart Charging Ltd. provides comprehensive electric vehicle charging solutions, primarily featuring the C6 and C7 series of DC fast chargers [1] - The company claims to offer advanced battery-integrated DC fast chargers as part of its Net Zero Series (NZS), combining proprietary charging technology, energy storage technology, and supporting services [1] - The overall solutions provided by the company significantly enhance electric vehicle charging efficiency and unlock the value of energy storage and management [1]