XCHG Appoints Albina Iljasov as Co-CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 01 2026
0mins
XCHG announced the appointment of Albina Iljasov as co-CEO of the company, effective June 1. Iljasov will serve alongside Yifei Hou, who continues in his role as co-CEO. In her new role, Iljasov will primarily oversee the company's European operations and related strategic initiatives, while also having primary responsibility for the company's ongoing efforts in information security and cybersecurity initiatives. Iljasov has served as head of Europe since September 2021, where she has been responsible for the company's business operations and growth across the European market.
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About XCH
XCHG Ltd is principally engaged in providing integrated electric vehicle (EV) charging solutions. The Company provides comprehensive EV charging solutions, including the DC fast chargers named the C6 series and the C7 series, the advanced battery-integrated DC fast chargers called Net Zero Series (NZS), as well as its accompanying services. Its integrated solutions combining proprietary charging technology, energy storage technology and accompanying services improves EV charging efficiency and energy storage and management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Collaboration with EnBW: EnBW, the operator of Germany's largest public fast-charging network, is already utilizing the C7 in its network and has officially listed XCharge as a supplier, which not only boosts XCharge's market recognition but also lays a foundation for future business expansion.
- Optimized System Design: The C7 emphasizes comprehensive system optimization and validation to ensure reliability under real-world operating conditions, particularly in high-traffic charging environments, thereby enhancing the long-term operational stability and serviceability of charging stations.
- Enhanced Network Management: Supporting OCPP 2.0.1 and ISO 15118 Plug & Charge standards, the C7 simplifies integration with vehicles and backend platforms, further improving the management efficiency of charging networks and helping operators gain an edge in the rapidly evolving EV market.
See More
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- Executive Appointment: XCHG announced the appointment of Albina Iljasov as co-CEO effective June 1, 2026, alongside Yifei Hou, indicating a strategic leadership shift aimed at enhancing management efficiency and market responsiveness.
- European Operations Leadership: Iljasov will primarily oversee the company's European operations and related strategic initiatives, leveraging her extensive experience in the European market since 2021 to drive business growth and increase market share.
- Information Security Oversight: In her new role, Iljasov will also have primary responsibility for the company's ongoing information security and cybersecurity initiatives, ensuring the company remains competitive in a rapidly evolving digital landscape while mitigating potential risks.
- Background and Experience: Prior to joining XCHG, Iljasov held key positions at EVBox and E.ON Drive focusing on business development and regional sales, providing her with a solid foundation for success in her new role.
See More
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- Executive Appointment: XCharge announced the appointment of Albina Iljasov as Co-CEO effective June 1, 2026, overseeing European operations and cybersecurity, reflecting the company's strategic intent for global expansion.
- Leadership Experience: Iljasov has been Head of Europe since September 2021, driving business growth in the European market, and previously held roles at EVBox and E.ON Drive, gaining extensive business development experience.
- Strategic Importance: This appointment aims to enhance operational execution through a Co-CEO structure, supporting international growth, with Iljasov's leadership and industry expertise expected to accelerate improvements in information security and cybersecurity frameworks.
- Global Expansion Goals: Iljasov expressed commitment to enhancing the company's information security capabilities while advancing XCharge's global expansion and long-term growth, indicating a positive outlook for the company's future development.
See More
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- Award-Winning Innovation: XCharge North America's GridLink was recognized as a Judges' Choice Winner in the Business + Infrastructure category at the 2026 Environment+Energy Leader Awards, highlighting its significance in high-power charging solutions, especially in areas where traditional chargers cannot be deployed.
- Significant Energy Savings: Each GridLink unit supports up to 300 kW of DC fast charging, reducing reliance on utility upgrades and potentially lowering required grid capacity by 50-80%, making charging solutions feasible in many locations.
- Positive Environmental Impact: In 2024, GridLink delivered over 1.1 GWh of energy across more than 50 sites in the U.S. and Canada, avoiding approximately 2.91 million pounds of CO₂ emissions, demonstrating sustained utilization in commercial and public charging environments.
- Reduced Operating Costs: By implementing off-peak energy management and demand charge reductions, GridLink lowers operating costs for site hosts by up to 30%, further enhancing its market competitiveness and sustainability potential.
See More
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- Annual Report Filing: XCharge submitted its annual report on Form 20-F for the fiscal year ending December 31, 2025, to the SEC on April 27, 2026, reflecting the company's ongoing commitment to compliance and transparency, which is crucial for maintaining investor trust.
- Financial Information Access: The annual report is accessible on both the SEC's website and the company's investor relations site, providing audited consolidated financial statements aimed at giving shareholders and ADS holders a clear view of the company's financial health.
- Shareholder Services: XCharge offers a hard copy of the annual report free of charge to shareholders and ADS holders upon request, enhancing communication and trust between the company and its investors.
- Global Business Overview: As a global supplier of high-performance electric vehicle charging and energy storage solutions, XCharge operates from headquarters in Hamburg and Austin, focusing on driving innovation in the energy sector to help customers achieve long-term success.
See More
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- Financial Performance Discussion: XCharge's CFO, Joel A. Gallo, will present the company's financial performance during the webinar on April 15, 2026, which is expected to attract investor interest and enhance market confidence.
- Operational Strategy Presentation: COO Aatish Patel will outline the deployment strategy for high-power EV charging infrastructure, aiming to showcase the company's competitive edge in the rapidly growing electric vehicle market.
- Webinar Timing: The webinar is scheduled for April 15, 2026, at 1:00 PM ET, providing a direct interaction opportunity with investors, which could strengthen the company's relationships with potential investors.
- Company Background Overview: Founded in 2015, XCharge focuses on EV charging and energy solutions, leveraging its proprietary technology and services to enhance charging efficiency and promote a global green future, aligning with long-term sustainable development goals.
See More
