On September 10, 2024, XCHG Limited, a subsidiary of Beijing Zhichong Technology Co., Ltd., successfully listed on the Nasdaq in the United States. Its stock code is XCH. It had secretly submitted documents to the U.S. SEC on June 2, 2023, and publicly disclosed its prospectus on February 1, 2024.
Zhichong Technology plans to issue 3.333335 million American Depositary Receipts at $6.20 per share, raising a total of $20.6667 million.
Link to the prospectus of Zhichong Technology:
https://www.sec.gov/Archives/edgar/data/1979887/000110465924098594/tm2316418-35_424b4.htm
As a leading provider of intelligent digital charging solutions, Zhichong Technology is dedicated to providing efficient, convenient, safe, and reliable electric vehicle charging solutions for enterprises in the charging operation field in major global markets. Its products and services cover DC fast charging stations, advanced battery-integrated DC fast charging stations, and related supporting services. According to the report by industry consultant Frost Sullivan, based on 2023 sales volume, Zhichong Technology is the leading high-power charging station supplier in Europe.
