XCharge’s Fast Level-3 Chargers and Streamlined Installation Solve Airport Rental Car Challenges

HAMBURG, Germany, Jan. 24, 2025 — A previous release issued January 21, 2025 by XCHG Limited (NASDAQ: XCHG) contained errors. The corrected version is below:

XCHG Limited (“XCharge” or the “Company”), (NASDAQ: XCH), a global leader in integrated EV charging solutions, today announced a partnership with a major rental car company to enhance EV charging at US airport rental facilities. XCharge has finished installing charging stations at several East Coast airport locations and has a strong pipeline of upcoming projects at additional airport sites along the East Coast.

XCharge’s rapid charging technology and efficient installation significantly improved the rental company’s airport charging infrastructure, helping meet service standards and EV fleet expansion goals. US airport rental car locations face unique EV adoption challenges due to space limitations and grid constraints. XCharge’s solutions overcome these obstacles, providing quick, simple installation without extensive site modifications, maximizing efficiency and minimizing construction complexity.

XCharge’s Level-3 chargers enable much faster charging times than the Level-2 chargers commonly found at airports, eliminating rental car service bottlenecks and boosting customer satisfaction. At the initial airport project, XCharge’s simultaneous charging technology drastically reduced average charging time, improving charging speed more than tenfold.

Aatish Patel, XCharge President, stated, “We are excited about the success of this collaboration. The results highlight our commitment to being more than just a hardware provider—we efficiently solve our partners’ key problems, from site design and operational efficiency to EV charging education. By addressing partners’ overall needs, we’ve created comprehensive solutions that effectively tackle key challenges. We look forward to expanding this partnership and delivering our high-quality charging services to more customers nationwide.”

With range anxiety a major concern for EV drivers, especially new users, XCharge will continue to strategically expand into high-traffic locations to offer convenient, fast charging to a wider 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, including DC fast chargers and advanced battery-integrated DC fast chargers and related services. XCharge’s proprietary charging technology, energy storage system technology, and services improve EV charging efficiency and unlock the value of energy storage and management. Dedicated to innovative and efficient EV charging solutions, XCharge is working towards creating a global green future, crucial for long-term growth and development.

Safe harbor statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities 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 contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” 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.

For investor and media inquiries, please contact:

XCharge

IR Department

Email: ir@xcharge.com

Piacente Financial Communications

Brandi Piacente

Tel: +1-212-481-2050

Jenny Cai

Tel: +86 (10) 6508-0677

Email: XCharge@tpg-ir.com