{"id":89580,"date":"2025-01-24T22:24:05","date_gmt":"2025-01-24T22:24:05","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/correction-xchg-limited\/"},"modified":"2025-01-24T22:24:05","modified_gmt":"2025-01-24T22:24:05","slug":"correction-xchg-limited","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/correction-xchg-limited\/","title":{"rendered":"CORRECTION: XCHG Limited"},"content":{"rendered":"
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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 release follows:<\/p>\n

XCHG Limited (\u201cXCharge\u201d or the \u201cCompany\u201d), (NASDAQ: XCH), a global leader in integrated EV charging solutions, today announced a collaboration with a leader in the rental car space\u00a0to upgrade its EV charging offerings at US airport rental facilities. XCharge has completed charging station construction at the rental company’s sites in several major East Coast airports and has secured a pipeline of future projects at the rental company’s additional airport locations along the eastern seaboard.<\/p>\n

XCharge\u2019s high-speed chargers and efficient installation process have rapidly strengthened the rental company’s airport charging infrastructure, helping it meet its service standards and goals for expanding its EV rental fleet. Given their relatively small footprint and utility grid constraints, U.S. airport rental car locations face unique challenges in EV adoption. XCharge\u2019s comprehensive solutions\u00a0are designed to work within these boundaries, offering fast, simple installation without the need for intensive site upgrades, maximizing efficiency and reducing the complexity of construction.<\/p>\n

Furthermore, XCharge\u2019s Level-3 charging stations empower shorter charging cycles compared with the Level-2 solutions commonly used in existing airport locations, resolving rental car service bottlenecks and enhancing customer satisfaction. At the Company\u2019s initial airport project for the rental company, XCharge\u2019s simultaneous charging technology significantly reduced the average charging time, improving charging speed by more than tenfold. \u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

Aatish Patel, President of XCharge, said, \u201cWe\u2019re thrilled by the positive outcomes of this collaboration. The results underscore our commitment to being more than just a hardware supplier \u2013 we want to resolve our partners\u2019 most pressing concerns as efficiently 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 turnkey solutions that address key challenges effectively. We look forward to expanding this cooperation and bringing our high-quality charging services to more customers nationwide.\u201d<\/p>\n

With charging anxiety remaining a top concern for EV drivers, especially first-timers, XCharge will continue to strategically elevate its presence in locations with substantial organic consumer traffic to introduce its convenient, high-speed charging services to a broader audience.<\/p>\n

About XCharge<\/strong><\/p>\n

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 advanced battery-integrated DC fast chargers as well as their accompanying services. Through the combination of XCharge\u2019s proprietary charging technology, energy storage system technology and accompanying services, the Company enhances EV charging efficiency and unlocks the value of energy storage and management. Committed to providing innovative and efficient EV charging solutions, XCharge is actively working toward establishing a global green future that is critical to long-term growth and development.<\/p>\n

Safe harbor statement<\/strong><\/p>\n

This press release contains forward-looking statements. These statements are made under the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the company\u2019s 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 contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201ctarget,\u201d \u201caim,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201cis\/are likely to\u201d or other similar expressions. All information provided in this press release is as of the date of this press release, and the company does not undertake any duty to update such information, except as required under applicable law.<\/p>\n

For investor and media inquiries, please contact:<\/strong><\/p>\n

XCharge<\/p>\n

IR Department<\/p>\n

Email: ir@xcharge.com<\/p>\n

Piacente Financial Communications<\/p>\n

Brandi Piacente<\/p>\n

Tel: +1-212-481-2050<\/p>\n

Jenny Cai<\/p>\n

Tel: +86 (10) 6508-0677<\/p>\n

Email: XCharge@tpg-ir.com<\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

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 release follows: XCHG Limited (\u201cXCharge\u201d or the \u201cCompany\u201d), (NASDAQ: XCH), a global leader in integrated EV charging solutions, today announced a […]<\/p>\n","protected":false},"author":2,"featured_media":89581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/media\/NGQyMmZiMjUtNzhiNC00MDY2LWE0MDktYzhkOWNlZjk3MDUzLTEyNzUwMjU=\/tiny\/XCHG-LIMITED.png","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-89580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t