Xchg Ltd. (智能充电有限公司) (China)

The Company offers comprehensive EV charging solutions which primarily include the DC fast chargers named the C6 series and the C7 series, the advanced battery-integrated DC fast chargers which it call Net Zero Series (“NZS”), as well as its accompanying services.
The Company s integrated solution combining proprietary charging technology, energy storage technology and accompanying services significantly improves EV charging efficiency and unlocks the value of energy storage and management.
As of the date of this prospectus, the Company have begun the commercial deployment of our NZS solution in Europe, North America and Asia.
Customers of NZS solutions include EV manufacturers, global energy players and charge point operators.
Segment Reporting
The Company has one operating segment and therefore one reportable segment.
Corporate History
2021 The Company (formally known as Xevd Limited) was incorporated in the Cayman Islands on December 16, 2021.
The Company is an investment company with no substantial assets and liabilities immediately prior to the Restructuring and has no operations. In December 2021, the Company established Xcar Limited, a wholly-owned subsidiary in British Virgin Islands (“BVI”), which in turn, established Xcharge HK Limited, a wholly-owned subsidiary in Hong Kong in January 2022.
2023 On June 29, 2023, Xcharge HK Limited obtained control over X-Charge Technology and become an intermediate offshore holding company of X-Charge Technology.
The Company have applied to list the ADSs on the Nasdaq. The ADSs have been approved for listing on the Nasdaq, subject to official notice of issuance, under the symbol “XCH.”