According to the Zhongtong Finance APP, Chinese electric vehicle charging company SmartCharge Technology (XCH.US) successfully listed on NASDAQ in the United States on Tuesday. The company issued 3.3 million American depositary shares at a price of $6.20 per share, close to the lower end of the previous price range of $6-$8 per share, raising $20.7 million. On the first day of trading, the stock price surged nearly 80% at one point, triggering a circuit breaker. At the close, the stock rose about 19% to $7.36.

SmartCharge Technology is headquartered in Beijing, China and conducts important business in Hamburg, Germany. Combining proprietary charging technology, energy storage technology, and ancillary services, the company provides comprehensive solutions for electric vehicle charging. Its products mainly include the C6 series and C7 series of DC fast chargers, as well as the Net Zero Series (NZS) advanced battery integrated DC fast chargers.

SmartCharge Technology was founded in 2015 and had revenue of $42 million for the 12 months ending March 31, 2024. Tiger Brokers was the sole bookrunner for this transaction.