XCHG Limited Publishes 2024 Environmental, Social and Governance Report
Rhea-AI Summary
XCHG Limited (Nasdaq: XCH) published its 2024 Environmental, Social and Governance Report on Oct 21, 2025, highlighting concrete sustainability and product milestones.
Key highlights include audited ESG compliance for 100% of suppliers with ISO 14001, a 30% reduction in transportation CO2, 100% electrified sites, 100% employee participation goal for XCharge Academy in 2025, and new products (Net Zero Series and C7 Ultra Fast DC delivering up to 400kW).
- Material recovery averaged 58% (Net Zero Series 67%).
- Operational recycling rates: 61% at R&D center; zero hazardous waste.
- Multiple ISO certifications across operations and verified EPDs/Eichrecht for major chargers.
Positive
- Transportation CO2 emissions reduced by 30%
- 100% of global sites fully electrified
- 100% of suppliers audited; all hold ISO 14001
- Material recovery rate 58% average; Net Zero Series 67%
- C7 Ultra Fast DC Charger delivering up to 400kW
Negative
- None.
News Market Reaction
On the day this news was published, XCH gained 4.81%, reflecting a moderate positive market reaction. Argus tracked a trough of -6.1% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $5M to the company's valuation, bringing the market cap to $119M at that time.
Data tracked by StockTitan Argus on the day of publication.
HAMBURG, Germany, Oct. 21, 2025 (GLOBE NEWSWIRE) -- XCHG Limited (“XCharge” or the “Company”), (Nasdaq: XCH), a global leader in integrated EV charging solutions, today published its 2024 Environmental, Social and Governance Report (the “2024 ESG Report”). The Report highlights XCharge's achievements and transformative progress toward its commitment to innovate beyond charging by delivering smart and scalable solutions that optimize energy efficiency.
Key highlights from the 2024 ESG Report:
- ESG Achievements:
- Audited
100% of suppliers on ESG criteria, with all maintaining ISO 14001 Environmental Management System certification. - Received "Great Place to Work®" certification with
100% positive employee responses in Great Place to Work’s Trust Index™ Survey.
- Climate Action:
- Reduced transportation-related CO2 emissions by
30% and achieved100% fully electrified sites across all global operations. - Awarded GoGreen Plus Certification for low-emission transportation services.
- Responsible Products:
- Completed Life Cycle Assessments (LCAs) for all major products with verified Environmental Product Declarations (EPDs) and earned Eichrecht verification for its C7 and Net Zero Series chargers, ensuring secure and accurate energy billing.
- Achieved a
58% average material recovery rate across its product portfolio, with the Net Zero Series reaching67% recyclability, and maintained zero freshwater consumption throughout its entire product catalogue.
- Circular Economy:
- Established a recycling partnership with Grensol Group and Worcester Polytechnic Institute to develop a circular economy solution for EV supply equipment.
- Recycled
61% of operational waste at its R&D center and generated zero hazardous waste across operations.
- Green Manufacturing:
- Obtained ISO 14001, ISO 9001, ISO 27001, ISO 20000, and ISO 45001 certified operations.
- Achieved a
61% recycling rate for solid waste with comprehensive waste management procedures.
- Technology Innovation:
- Introduced the innovative Net Zero Series, one of the industry's first battery-integrated DC chargers supporting grid stability and V2G technology.
- Developed the C7 Ultra Fast DC Charger, delivering up to 400kW charging power with high efficiency.
- Launched XCharge Academy, a dedicated online learning platform, with
100% employee participation planned for 2025.
To view the full 2024 ESG Report, please visit the ESG section of XCharge’s Investor Relations website: https://investors.xcharge.com/corporate-information/esg.
About XCharge
XCharge (Nasdaq: XCH), founded in 2015, is a global leader in integrated EV charging solutions. The Company offers comprehensive EV charging solutions, which primarily include the DC fast chargers and the advanced battery-integrated DC fast chargers as well as its accompanying services. Through a combination of proprietary charging technology, energy storage system technology and accompanying services, XCharge enhances EV charging efficiency and unlocks the value of energy storage and management. Committed to providing innovative and efficient EV charging solutions, XCharge is actively working toward establishing a global green future critical to the Company’s long-term growth and development.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in XCharge’s filings with the United States Securities and Exchange Commission.
All information provided in this press release is as of the date of this press release, and XCharge does not undertake any duty to update such information, except as required under applicable law.
For investor and media inquiries, please contact:
XCharge
IR Department
Email: ir@xcharge.com
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Jenny Cai
Tel: +86 (10) 6508-0677
Email: XCharge@tpg-ir.com
Source: XCHG Limited
FAQ
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What recyclability and recovery rates did XCHG report for 2024?
Which XCHG chargers received verification or certifications in the 2024 ESG Report?
What manufacturing and management standards did XCHG claim in the 2024 ESG Report?
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