Core Insights - Weg is set to begin selling made-in-Europe EV battery chargers in the European market next year while increasing investments in Mexico to meet rising demand for electrical parts [1][2] Group 1: Expansion Plans - The company has already initiated EV charge operations in Europe and will have locally manufactured products available next year [2] - Weg is accelerating the expansion of its component manufacturing capacity in Mexico to fulfill strong demand for alternators from Marathon, which was acquired in 2023 [2][3] - Investments originally planned for 2026 to 2028 in Mexico are being expedited due to recent uncertainties in U.S. trade policy [3] Group 2: Market Presence and Services - In Brazil, Weg supplies batteries to 60% of the country's 1,168 electric buses currently in operation [4] - The company has launched a repair and maintenance center for electric vehicles in Sao Paulo state, which will offer battery maintenance, capacity expansion, and recycling services in the medium term [4] - Weg plans to introduce a new battery charger next year with a capacity of around 1 megawatt, surpassing its current best charger capacity of 640 kilowatts [5]

Financial Data and Key Metrics Changes - Q1 2025 revenue was €37.6 million, meeting guidance but down 13% year over year and almost flat compared to the previous quarter [6][29] - Gross margin improved to 38.1%, within the guided range of 37% to 39%, reflecting a 634 basis point improvement from the last quarter [9][30] - Adjusted EBITDA loss for Q1 2025 was €7.8 million, the best result since becoming a public company, representing a 42% improvement year over year [12][32] - Labor costs and operating expenses decreased by 13% quarter over quarter and 23% year over year [11][30] Business Line Data and Key Metrics Changes - AC sales in Europe were down 14% year over year, while North America saw a 142% year over year growth, contributing €11.4 million or 30% of total revenue [15][14] - DC fast charging sales increased by 41% compared to the previous quarter, with over 36,000 AC units and more than 100 DC units delivered in Q1 [8][30] - Software and services generated €8 million in revenue, representing 21% of total revenue and a 60% increase year over year [20] Market Data and Key Metrics Changes - The European EV market showed solid growth of 21% year over year, contributing €25.5 million or 68% of total revenue [13] - North America contributed €11.4 million, with significant growth driven by AC and DC charger sales [14] - APAC and LATAM regions contributed approximately €600,000 and €480,000 respectively, indicating potential for future growth [15] Company Strategy and Development Direction - The company is focused on cost savings and expanding sales, leveraging a newly implemented business unit structure to improve efficiency [11][12] - There is a commitment to rightsizing the organization and expanding gross margins while stabilizing sales and building a strong backlog [12][27] - The company aims to become a global leader in recharging energy management solutions, with a focus on optimizing existing platforms and partnerships [37] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about stabilizing sales and building a strong backlog, despite a volatile macro environment impacting the automotive supply chain [27][38] - The company remains cautious about the impact of tariffs and economic uncertainty on the EV market, while believing in the long-term growth potential of EVs [26][27] - Future guidance for Q2 2025 includes expected revenue in the range of €37 million to €39 million and a gross margin between 37% and 39% [38] Other Important Information - The company has surpassed 100,000 chargers produced in Arlington, Texas, enhancing its production flexibility and supporting local job growth [28] - The partnership with Nissan for a home EV charging program in Canada is expected to simplify the charging journey for EV owners [17] Q&A Session Summary Question: Thoughts on ABL integration and industry consolidation opportunities - Management reported successful integration with ABL, achieving significant synergies and operational efficiency improvements, with a focus on cross-selling products across Europe [41][43] Question: Additional traction for Quasar beyond Kia - Management indicated ongoing efforts to drive demand for Quasar in Europe, with expectations for new partnerships and customer interest following recent events [51][52] Question: Competitive landscape and market opportunities - Management highlighted the competitive advantage in the US market due to local manufacturing and a focus on delivering comprehensive solutions, while noting challenges faced by competitors [56][58] Question: Expectations for product mix and its impact on margins - Management discussed the current gross margins for fast charging and home/business segments, emphasizing a strategy to reduce inventory and improve operational efficiency [65][66]

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on August 30, 2024. Registration No. 333-276802 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 4 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 XCHG Limited (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (Primary Standard Industrial Classification Code Number) Jason Simon, Esq. Yangyang Jia, Esq. Greenberg Tr ...

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on August 16, 2024. Registration No. 333-276802 XCHG Limited UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Exact name of Registrant as specified in its charter) Not Applicable AMENDMENT NO. 3 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (Translation of Registrant's name into English) (Primary Standard Industrial Classification Code Number) XCharge Europe GmbH, Heselstücken 18, 22453 Hambu ...

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on June 10, 2024. AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 XCHG Limited (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Registration No. 333-276802 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 010-57215988 (Address, including zip code, and telephone number, including area code, of Registrant's princi ...

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on February 1, 2024. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 XCHG Limited (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (Primary Standard Industrial Classification Code Number) XCharge Europe GmbH, Hamburg-Mitte Grevenweg 24, 20537 Hamburg, Germany + ...