XCHG names Joel Adalberto Gallo as Chief Financial Officer
Appointment Announcement: The Company's board of directors has approved the appointment of Mr. Joel Adalberto Gallo as the new CFO.
Effective Date: Mr. Gallo's appointment will take effect on September 3, 2025.
Previous Experience: He previously served as CFO of HD EDU from February 2023 to August 2025.
Leadership Transition: This appointment marks a significant leadership transition within the Company.
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XCharge Partners with Energy Plus to Create NYC's Largest Battery-Backed Charging Depot
- Charging Infrastructure Innovation: XCharge North America has partnered with Energy Plus to build the largest battery-backed EV charging depot in the U.S. in Williamsburg, Brooklyn, set to go live in Q2 2026, providing 9.46 MWh of energy storage and 88 parking spaces, significantly enhancing EV charging capabilities in New York City.
- Enhanced Grid Resilience: By leveraging GridLink units, the project will draw energy during off-peak hours and return it during peak demand, alleviating grid pressure and bolstering local energy resilience, thereby supporting New York City's energy sustainability and affordability goals.
- Replicable Urban Model: Energy Plus's Eplug model emphasizes predictable operations and user-friendly experiences, with plans to expand this successful model to other major U.S. cities, promoting the accessibility and convenience of EV charging networks.
- Localized Construction: XCharge North America provides cutting-edge technology and hardware, while Energy Plus utilizes local labor for infrastructure development, showcasing the practical application of American electrification and fostering collaboration between public and private sectors in the clean energy transition.
XCharge Partners with EnBW to Test 11 Fast Charging Stations
- Testing Collaboration Initiated: Since August 2025, EnBW has deployed one charger near Stuttgart, and now has launched a field test with 11 XCharge fast charging stations across four locations, marking a significant advancement in their partnership aimed at enhancing Germany's charging infrastructure.
- Successful Technology Evaluation: EnBW has conducted thousands of charging process evaluations on XCharge's C7 Ultra-Fast Charger, with initial results indicating strong performance in technology, service, and data protection, meeting the high standards required for fast charging networks, thereby enhancing XCharge's competitiveness in the German market.
- Market Expansion Strategy: XCharge's ongoing expansion in Germany, in collaboration with EnBW, demonstrates that its technology meets the high standards of the country's leading fast charging network, which is expected to drive further development in the European market and enhance brand influence.
- Infrastructure Upgrade: EnBW's HyperNet network offers access to over 900,000 charging points, and XCharge's involvement will further propel the expansion of this network to meet the growing demand for electric vehicle charging, promoting sustainable transportation development.
YY Group Appoints Chief Product Officer to Drive Innovation
- Executive Appointment: YY Group has appointed Eli Yu as Chief Product Officer to accelerate product innovation and drive global growth, reflecting the company's commitment to aligning market needs with product capabilities.
- Strategic Focus: Yu will oversee product strategy, design, development, and lifecycle management, leading cross-functional teams to enhance the company's ability to deliver high-quality digital solutions, thereby strengthening its market competitiveness.
- Technical Leadership: With extensive product leadership experience, including founding AI HR service Evee and serving as CEO of SpeedX AI, Yu is expected to bring new growth opportunities to the company.
- Future Vision: YY Group's CEO Mike Fu emphasized that Yu's addition will optimize product development and support the company's next growth phase, enhancing value for users and shareholders.
XCharge Partners with Electromin to Enhance EV Infrastructure in Saudi Arabia
- Strategic Partnership: XCharge has partnered with Electromin, Saudi Arabia's largest EV charging network operator, to support the Kingdom's Vision 2030 initiative, aiming for a 30% adoption rate of electric vehicles.
- Technological Innovation: The GridLink system from XCharge delivers nearly 200 kW of DC fast charging power while requiring only 44 kW input from the grid, significantly enhancing charging efficiency in areas with limited grid capacity.
- Comprehensive Solutions: Electromin will provide 360-degree electric mobility solutions, including installation and maintenance services, leveraging its extensive service network in Saudi Arabia to ensure efficient infrastructure deployment.
- Safety and Reliability: The GridLink system incorporates advanced safety features such as liquid-cooled thermal management and fire suppression technology, ensuring stable operation in extreme environments and enhancing user trust.
XCHG Limited Releases 2024 ESG Report
ESG Achievements: XCharge's 2024 ESG Report highlights 100% supplier audits on ESG criteria, achieving ISO 14001 certification, and receiving "Great Place to Work®" certification with perfect employee feedback.
Climate Action: The company reduced transportation-related CO2 emissions by 30%, achieved 100% electrified sites globally, and earned the GoGreen Plus Certification for low-emission transportation services.
Responsible Products: XCharge completed Life Cycle Assessments for major products, ensuring high recyclability rates and zero freshwater consumption, while also securing Eichrecht verification for its chargers.
Technology Innovation: The introduction of the Net Zero Series and C7 Ultra Fast DC Charger showcases XCharge's commitment to advanced technology, alongside the launch of XCharge Academy for employee training.
XCHG Limited Announces Unaudited Financial Results for the First Half of 2025
Financial Performance: XCharge reported a significant decline in total EV charger deliveries and revenues for the first half of 2025, with revenues dropping to $12.5 million, a 38.2% decrease from the previous year, largely due to external factors like U.S. trade policy uncertainty.
Management Changes: The company appointed Mr. Joel Adalberto Gallo as the new Chief Financial Officer, effective September 3, 2025, bringing over 30 years of experience in accounting and corporate finance.
Product Launch: XCharge launched its new charging system, GridLink, in Europe, which has been adapted to meet EU standards and features advanced safety technologies.
Operational Strategy: Despite current challenges, XCharge's CEO expressed confidence in the company's strong sales pipeline and ongoing initiatives to enhance operational efficiency and diversify revenue streams for long-term growth.
XCharge Partners with Energy Plus to Create NYC's Largest Battery-Backed Charging Depot
- Charging Infrastructure Innovation: XCharge North America has partnered with Energy Plus to build the largest battery-backed EV charging depot in the U.S. in Williamsburg, Brooklyn, set to go live in Q2 2026, providing 9.46 MWh of energy storage and 88 parking spaces, significantly enhancing EV charging capabilities in New York City.
- Enhanced Grid Resilience: By leveraging GridLink units, the project will draw energy during off-peak hours and return it during peak demand, alleviating grid pressure and bolstering local energy resilience, thereby supporting New York City's energy sustainability and affordability goals.
- Replicable Urban Model: Energy Plus's Eplug model emphasizes predictable operations and user-friendly experiences, with plans to expand this successful model to other major U.S. cities, promoting the accessibility and convenience of EV charging networks.
- Localized Construction: XCharge North America provides cutting-edge technology and hardware, while Energy Plus utilizes local labor for infrastructure development, showcasing the practical application of American electrification and fostering collaboration between public and private sectors in the clean energy transition.
XCharge Partners with EnBW to Test 11 Fast Charging Stations
- Testing Collaboration Initiated: Since August 2025, EnBW has deployed one charger near Stuttgart, and now has launched a field test with 11 XCharge fast charging stations across four locations, marking a significant advancement in their partnership aimed at enhancing Germany's charging infrastructure.
- Successful Technology Evaluation: EnBW has conducted thousands of charging process evaluations on XCharge's C7 Ultra-Fast Charger, with initial results indicating strong performance in technology, service, and data protection, meeting the high standards required for fast charging networks, thereby enhancing XCharge's competitiveness in the German market.
- Market Expansion Strategy: XCharge's ongoing expansion in Germany, in collaboration with EnBW, demonstrates that its technology meets the high standards of the country's leading fast charging network, which is expected to drive further development in the European market and enhance brand influence.
- Infrastructure Upgrade: EnBW's HyperNet network offers access to over 900,000 charging points, and XCharge's involvement will further propel the expansion of this network to meet the growing demand for electric vehicle charging, promoting sustainable transportation development.
YY Group Appoints Chief Product Officer to Drive Innovation
- Executive Appointment: YY Group has appointed Eli Yu as Chief Product Officer to accelerate product innovation and drive global growth, reflecting the company's commitment to aligning market needs with product capabilities.
- Strategic Focus: Yu will oversee product strategy, design, development, and lifecycle management, leading cross-functional teams to enhance the company's ability to deliver high-quality digital solutions, thereby strengthening its market competitiveness.
- Technical Leadership: With extensive product leadership experience, including founding AI HR service Evee and serving as CEO of SpeedX AI, Yu is expected to bring new growth opportunities to the company.
- Future Vision: YY Group's CEO Mike Fu emphasized that Yu's addition will optimize product development and support the company's next growth phase, enhancing value for users and shareholders.
XCharge Partners with Electromin to Enhance EV Infrastructure in Saudi Arabia
- Strategic Partnership: XCharge has partnered with Electromin, Saudi Arabia's largest EV charging network operator, to support the Kingdom's Vision 2030 initiative, aiming for a 30% adoption rate of electric vehicles.
- Technological Innovation: The GridLink system from XCharge delivers nearly 200 kW of DC fast charging power while requiring only 44 kW input from the grid, significantly enhancing charging efficiency in areas with limited grid capacity.
- Comprehensive Solutions: Electromin will provide 360-degree electric mobility solutions, including installation and maintenance services, leveraging its extensive service network in Saudi Arabia to ensure efficient infrastructure deployment.
- Safety and Reliability: The GridLink system incorporates advanced safety features such as liquid-cooled thermal management and fire suppression technology, ensuring stable operation in extreme environments and enhancing user trust.
XCHG Limited Releases 2024 ESG Report
ESG Achievements: XCharge's 2024 ESG Report highlights 100% supplier audits on ESG criteria, achieving ISO 14001 certification, and receiving "Great Place to Work®" certification with perfect employee feedback.
Climate Action: The company reduced transportation-related CO2 emissions by 30%, achieved 100% electrified sites globally, and earned the GoGreen Plus Certification for low-emission transportation services.
Responsible Products: XCharge completed Life Cycle Assessments for major products, ensuring high recyclability rates and zero freshwater consumption, while also securing Eichrecht verification for its chargers.
Technology Innovation: The introduction of the Net Zero Series and C7 Ultra Fast DC Charger showcases XCharge's commitment to advanced technology, alongside the launch of XCharge Academy for employee training.
XCHG Limited Announces Unaudited Financial Results for the First Half of 2025
Financial Performance: XCharge reported a significant decline in total EV charger deliveries and revenues for the first half of 2025, with revenues dropping to $12.5 million, a 38.2% decrease from the previous year, largely due to external factors like U.S. trade policy uncertainty.
Management Changes: The company appointed Mr. Joel Adalberto Gallo as the new Chief Financial Officer, effective September 3, 2025, bringing over 30 years of experience in accounting and corporate finance.
Product Launch: XCharge launched its new charging system, GridLink, in Europe, which has been adapted to meet EU standards and features advanced safety technologies.
Operational Strategy: Despite current challenges, XCharge's CEO expressed confidence in the company's strong sales pipeline and ongoing initiatives to enhance operational efficiency and diversify revenue streams for long-term growth.
