Company Announcements

KYLE, Texas--(BUSINESS WIRE)--Apr. 3, 2026-- XCharge North America ("XCharge NA"), the North American subsidiary of XCHG Limited (Nasdaq: XCH) and a provider of high-power EV charging and battery-integrated solutions designed to strengthen the North American electrical grid, and JOJO Superfast EV Charging today announced a strategic partnership to deploy a high-power electric vehicle charging network across Illinois. Beyond manufacturing the chargers, XCharge NA will oversee every site from concept to completion through its comprehensive turnkey solutions team.

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JOJO Superfast and XCharge North America officials celebrate the launch of their first of nine EV charging sites in Illinois. Photo credit: Matthew Korman

The partnership will bring 800kW of ultra-fast charging capacity to nine initial locations, strategically positioned at Menards—the Midwest’s premier home improvement chain—across the state, providing reliable, high-speed infrastructure where Chicagoland drivers shop and travel. Each site will feature four C6 Smart DC Fast Chargers, providing a total of eight charging ports per location, including:

• Menards Crestwood (now operational)
• Menards Bridgeview (now operational)
• Menards Hodgkins (coming May 2026)
• Menards Tinley Park (coming May 2026)
• Menards Sterling (launching in Q3 2026)
• Menards Freeport (launching in Q3 2026)
• Menards Galesburg (launching in Q3 2026)
• Main St. Carbondale (launching in Q3 2026)
• Aurora Outlet Mall (launching in Q3 2026)

To celebrate the network’s launch, JOJO Superfast held a formal ribbon-cutting ceremony yesterday at the Menards in Crestwood, the first site to go fully operational. Attendees included Joe Sheehan, CEO of JOJO Superfast; Alex Urist, Co-founder and Senior Vice President of Marketing at XCharge North America; Ken Klein, Mayor of Crestwood, Illinois; Daryl Richardson, New Business Manager at ComEd; and Dennis Esquivel, Electric Vehicle Policy Advisor at the Illinois Environmental Protection Agency.

The successful deployment of this new network serves as a prime example of how state and utility incentives—coupled with manufacturers, operators, and state agencies—can turn subsidies into immediate, impactful community assets. The project was made possible through the coordinated efforts of:

• The ComEd "Make-Ready" Rebate: Streamlining the electrical infrastructure required for high-capacity sites.
• The IEPA Driving a Cleaner Illinois Program: Provided through the Climate and Equitable Jobs Act (CEJA) to foster equitable access to clean energy.

“As an Illinois native, I am incredibly proud to bring this level of infrastructure to my home state,” said Aatish Patel, President and Co-founder of XCharge North America. “But we aren’t just installing hardware—we are providing Illinois drivers a more efficient, reliable charging experience to replace range anxiety with total confidence.”

“For too long, residents of the South Side of Chicago have been plagued by range anxiety, forcing EV drivers to plan their lives around where they can find a plug. But today, we’re changing that narrative,” said Joe Sheehan, CEO of JOJO Superfast. “Our goal at JOJO’s is to build the most accessible ultra-fast network in the state, and XCharge’s unmatched technology and hardware are the keys to making that scale possible. I also want to thank ComEd and the IEPA, whose collaboration with us proves that EV incentives can create something incredibly impactful when everyone works together.”

About XCharge North America
XCharge North America (XCharge NA) specializes in high-power EV charging and battery-integrated solutions tailored to the North American electrical grid. With solutions that store energy, improve grid resilience, and create new revenue streams, XCharge NA is the first scalable open-access EV charging solution designed to strengthen the country’s electrical grid and broader energy infrastructure while providing charging solutions for EVs from individual to fleet.

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.

About JOJO Superfast EV Charging
JOJO Superfast is a developer and operator of ultra-fast EV charging infrastructure and next-generation clean energy solutions, focused on deploying high-capacity, strategically located charging hubs across the Midwest. The company is advancing a vertically integrated approach to energy, including the development of Generation III+ power systems such as Small Modular Reactors (SMRs) to support transportation, data, and emerging AI and quantum infrastructure. Through strategic partnerships and forward-looking energy development, JOJO Superfast is building the backbone of a cleaner, electrified transportation and computing future.

Safe Harbor Statement
This press release contains forward-looking statements. Such statements are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about XCHG Limited'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," "objective," "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 XCHG Limited’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 XCHG Limited does not undertake any duty to update such information, except as required under applicable law.

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Katie Jacobs
xcharge-na@qh-pr.com

Source: XCharge North America