HAMBURG, Germany and AUSTIN, Texas, Oct. 14, 2026 (GLOBE NEWSWIRE) -- XCHG Limited ("XCharge" or the "Company") (Nasdaq: XCH) has released a statement concerning the recent volatility in the market price of its American Depositary Shares ("ADSs"). The Company has acknowledged these price fluctuations but reports no specific reasons for them.
Read More
XCharge emphasizes its commitment to its business plan and its customers. Mr. Joel Adalberto Gallo, Chief Financial Officer of XCharge, stated, "We believe that the Company's current market valuation does not reflect its underlying business fundamentals, technological capabilities, and growth potential."
Co-Chief Executive Officer Mr. Yifei ("Simon") Hou reinforced this outlook, stating, "We are confident in XCharge's long-term growth opportunity and the strength of our underlying business fundamentals. Our focus remains on execution, innovation, and translating our competitive strengths into sustainable growth and long-term shareholder value."
XCharge is a global provider of high-performance electric vehicle charging and energy storage solutions, with headquarters in Hamburg and Austin. The Company aims to drive innovation in the energy sector to support its customers' long-term success.
This press release contains forward-looking statements, which are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements refer to beliefs and expectations and involve risks and uncertainties that may result in actual outcomes differing from those anticipated. Detailed information on these factors is available in XCHG Limited's filings with the United States Securities and Exchange Commission.
For inquiries, contact: XChargeIR Department at [email protected] or Water Tower Research Asia, Feifei Shen, CFA at +86 134-6656-6136.