XCHG Limited, together with its subsidiaries, engages in designing, manufacturing, and selling of electric vehicle (EV) chargers under the X-Charge brand name in Europe, the People's Republic of China, the United States, and internationally. The company offers direct current (DC) fast chargers under the C6 series and C7 series; and battery-integrated DC fast chargers under the Net Zero series, as well as software system upgrades and hardware maintenance services. It serves EV manufacturers, energy players, and charge point operators. XCHG Limited was founded in 2015 and is headquartered in Beijing, the People's Republic of China.
XCharge Receives Nasdaq Notice Regarding Minimum Bid Price Requirement
XCharge received a written notice from Nasdaq stating it is not in compliance with the minimum bid price requirement because its ADSs closed below $1.00 for 30 consecutive business days.
The notice does not immediately affect the listing, and the company has a 180-calendar day period ending December 21, 2026, to regain compliance by maintaining a bid price of at least $1.00 for 10 consecutive business days.
Failure to regain compliance could result in a second 180-day cure period or delisting, though XCharge stated it intends to monitor the situation and consider its options.