Fintech PR
XCHARGE FILES REGISTRATION STATEMENT FOR PROPOSED INITIAL PUBLIC OFFERING
HAMBURG, Germany, Feb. 1, 2024 /PRNewswire/ — XCHG Limited (“XCharge Group” or the “Company”), a provider of high-power and battery-integrated charging solutions, today announced that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission related to a proposed initial public offering of American depositary shares (“ADSs”) representing the Company’s Class A ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. XCharge Group intends to list the ADSs representing the Company’s Class A ordinary shares on the Nasdaq Stock Market under the symbol “XCH.”
Deutsche Bank will act as underwriter for the proposed offering.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: Deutsche Bank AG, Hong Kong Branch 60/F International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong.
A registration statement related to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About XCharge Group
XCharge Group is founded in Hamburg by an international team including ex-Tesla employees and U.S. entrepreneurs, with the vision to make EV charging carbon-free through next-gen energy solutions. XCharge – one of the first profitable global charging providers – is considered a tech pioneer by the World Economic Forum, a member of the Harvard Innovation Labs, and ranked among one of the top battery industry disrupters by The Volta Foundation.
XCharge has created one of the world’s first bi-directional chargers with the battery-integrated Net Zero Series charger, capable of supplying power back to the grid when the charger is idle. XCharge is also one of the leading high-power charger providers in Europe, with its latest product, the C7, offering up to 400kW in output power.
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View original content:https://www.prnewswire.co.uk/news-releases/xcharge-files-registration-statement-for-proposed-initial-public-offering-302051173.html
Fintech PR
Xinhua Silk Road: Multiple achievements made at promotion conference held in Shanghai
BEIJING, Nov. 28, 2024 /PRNewswire/ — A series of achievements was recently made at the Shanghai Jing’an “Global Service Provider Program” (GSPP) Promotion Conference and the 1st China Enterprise Globalization Development Professional Service Summit Forum held in Jing’an District of east China’s Shanghai.
A white paper on global service providers supporting Chinese enterprises to go overseas was released at the event, where the China office of the Globalization and World Cities (GaWC) published a report on the development index of Shanghai’s professional service industry.
The GSPP has so far included a total of 103 enterprises, after 11 companies were awarded as new members at the recent event.
In a bid to further expand the GSPP network, the Global Service Provider Council announced during the event to jointly establish the Go-Global Service Alliance with the Malaysian Chamber of Commerce and Industry in China, Shanghai Automotive Parts Industry Association, Shanghai Producer Services Promotion Association, Shanghai MedValley industrial park and Beijing-based risk warning agency ICOER.
Since the GSPP was initiated in 2019, Jing’an District has attracted a large number of high-level global service organizations.
The district, as a core cluster area of Shanghai’s professional service industry, hosts 39 out of 187 well-known professional service institutions worldwide, covering multiple fields including advertising, law, accounting, human resources and others.
A diversified professional service ecology has been formed in the district, driving a continuous increase in the number of regional headquarters of multinational companies and steady growth in foreign-related economic tax income.
Original link: https://en.imsilkroad.com/p/343321.html
Photo – https://mma.prnewswire.com/media/2568997/image.jpg
View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-multiple-achievements-made-at-promotion-conference-held-in-shanghai-302318153.html
Fintech PR
Xinhua Silk Road: Wuxi Economic Development Zone makes efforts to optimize business environment
BEIJING, Nov. 28, 2024 /PRNewswire/ — Wuxi Economic Development Zone has been continuously optimizing its business environment by introducing favorable policies and improving services in recent years.
Founded in 2019, the zone continues to build a “4+3+X” modern industrial system, featuring four leading industries of advanced manufacturing, integrated circuits, the Internet of Things (IoT), and software and information, three characteristic industries namely headquarters economy, convention and exhibition economy, and high-end trade, and various future-oriented industries such as commercial aerospace, humanoid robots, and artificial intelligence (AI).
Focusing on the modern industrial system, the zone has made efforts in improving a variety of services, such as providing resources and policy support, to deal with the challenges faced by major projects. Therefore, it ensures the smooth launch and early operation of projects by pooling resources across the region, which contributes to a better business environment.
In addition, to foster the growth of emerging industries, the zone has given full play to the role of financing, establishing a number of funds centering around high-end chips, AI, and other sci-tech sectors.
This year, the zone has carried out multiple economic and trade exchange events in Japan, the United States, France and Germany, visited leading enterprises in the fields of AI, robotics, intelligent manufacturing, etc., and promoted in-depth cooperation between the zone and other countries in the field of cutting-edge science and technology.
Wuxi Economic Development Zone has made significant breakthroughs in attracting investment in recent years, introducing major projects such as the State Power Investment Corporation’s energy storage project and Minospace’s satellite manufacturing base.
Original link: https://en.imsilkroad.com/p/343326.html
View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-wuxi-economic-development-zone-makes-efforts-to-optimize-business-environment-302318139.html
Fintech PR
Shenzhen Brands: Made in China, Innovated in China, and Quality-Driven in China
BEIJING, Nov. 28, 2024 /PRNewswire/ –A news report from China.org.cn on China’s Shenzhen:
In September, Huawei unveiled the world’s first tri-fold smartphone for commercial use. With reactions like “So cool!” and “Amazing technology!” flooding social media, unboxing videos and reviews of this new device went viral across platforms worldwide.
The common turf that has nurtured the impressive brands like Huawei,BYD, and Mindray, is China’s Shenzhen. As a testing ground for China’s reform and opening-up, this city continues to be a fertile field for high-quality brand names to date. But how has it done this?
Most importantly, from my standpoint, Shenzhen holds itself to a religiously high standard when it comes to quality. Cognizant that quality represents the foundation of any brand, the city has entrenched its “quality first” philosophy across economic, social, and environmental facets.
Additionally, Shenzhen has aligned itself keenly with global development trends. Jiang Qingyun, Fudan University Professor observes that China has a unique edge in green industries like new energy and new materials, and that future “Made in China” products will embody the philosophies of “low carbon, environmental sustainability, and green innovation.” Shenzhen has already begun moving in this direction. Electric vehicles, lithium batteries, and solar cells—the “new trio”—are gradually becoming staples in Shenzhen’s exports.
Lastly, Shenzhen’s open, inclusive, and innovation-driven environment has been instrumental. Since the early days of reform and opening-up, adaptability and breakthrough innovations have been woven into the fabric of the city. By refraining from over-regulation, welcoming new ideas and supporting R&D, Shenzhen has created an equal playing field that makes businesses sufficiently willing, daring and able to innovate.
In over 40 years, Shenzhen has transformed from a “small fishing village” to the “capital of Chinese brands,” now home to 11 Fortune Global 500 companies. These companies, along with many other brands home to Shenzhen, are witnesses and contributors to the shift from “Made in China” to “Innovated in China” and “Quality-Driven in China,” pushing Chinese industries up the global value chain.
These brands are the products of Shenzhen’s unique ecosystem, the fruits of innovation in the reform and opening up, and representatives of China’s new quality productive forces. They symbolize the high standards embedded in “Quality in China.”
Video – https://www.youtube.com/watch?v=Ac1XQm5G96A
View original content:https://www.prnewswire.co.uk/news-releases/shenzhen-brands-made-in-china-innovated-in-china-and-quality-driven-in-china-302318104.html
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