XCharge: A Major Player in the Electric Vehicle Industry

The Era of Electric Vehicles

With the emergence of electric cars becoming more and more popular these days on the road and so will the need for charging station around the globe. Electric vehicle charging network ChargePoint stated in its annual report that “200,000 EVs were sold in the U.S. in 2017 — the highest number ever. The network also added 10,000 charging locations, bringing its total to 45,000 charging spots nationwide. But as EVs go mainstream (currently they’re only about 1 percent of the car market) charging stations need to keep up.”

The charging infrastructure for these electric vehicles are just not there yet, but XCharge is tackling this problem. The company offers various charging stations systems to provide drivers of electric cars with more accessibility when it comes to charging their cars.

Implementation of XCharge

XCharge has become a major force with the number of charging stations they have implemented. Founded in 2015, XCharge has already implemented 30,000 charging points in China. The industry average of charging points implemented is below 15%. XCharge has reached an industry-record usage rate of 84% per charging point throughout China. Though, currently their next mission is to expand into European territory, in which they have already set up an office in Hamburg Germany.

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Maximizing Charging While Reducing Costs

XCharge has implemented a “Hardware + Software” system which supposedly allows clients to maximize their charging revenue while minimizing maintenance costs. For hardware, additional Cortex A8 smart chip allows the adoption of Android OS in the charging stations, which gives great extensibility to support functions such as bluetooth, wifi etc.

For software, they support functions including turnover management (delay-fee mechanism to increase usage, auto lock to secure charging spot), user group management (different pricing for each user group), and smart output power distribution based on charging behavior data.

XCharge Products

The AC Wallbox C1 is a smart and economical AC charging station designed for EV manufacturers and real estate developers. While the AC Wallbox C2 provides smart and economical charging support most ideal for use at residential community and commercial real estate area. The AC Charging Station C4 is an intelligent charger ideal to perform large-scale centralized deployment and fast charging to electric buses and logistics vehicles.

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Founders of XCharge

The co-founders of the company, Ray Ding and Simon Hou, were both early employees of Tesla China. During their time at Tesla, they both worked in the charging program department. Co founder Ray Ding possesses a deep knowledge about the development and implementation of the EV charging industry. While the COO Sim Hou, has a focus on the future development of the EV industry.

For more details you can check their website and Facebook page.

Magdalena
Magdalena
Magdalena is writing about innovations and recent investments in the startup world. Originally coming from Slovakia, Magdalena has been writing for one of the largest consumer electronics retailers in Europe and has now immersed herself into the world of startups. Her educational background in Finance and Business Informatics has given her a broad base from which to approach many topics. In addition to that, she is a tech geek, passionate photographer and a lifelong dog lover.

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