XCharge Appoints Albina Iljasov as Co-Chief Executive Officer
Rhea-AI Summary
XCharge (Nasdaq:XCH) appointed Albina Iljasov as Co-Chief Executive Officer, effective June 1, 2026. She will serve alongside existing Co-CEO Yifei Hou.
Iljasov will lead European operations and drive information security and cybersecurity initiatives, supporting XCharge’s global expansion and operational execution.
Positive
- Appointment of experienced European leader as Co-CEO, effective June 1, 2026
- Dedicated executive oversight for Europe, information security, and cybersecurity initiatives
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 29 | Product award | Positive | +1.1% | GridLink EV charging system won a 2026 sustainability innovation award. |
| Apr 27 | Annual report filing | Neutral | -5.7% | Filed 2025 Annual Report on Form 20-F with the SEC. |
| Apr 14 | Investor webinar | Neutral | -4.8% | Announced participation in Webull Corporate Connect clean energy webinar. |
| Apr 14 | Conference presentation | Neutral | -4.8% | CFO and COO scheduled to present at Water Tower Research conference. |
| Apr 13 | European expansion | Positive | -1.5% | Opened new assembly and testing facility in Spain for EV chargers. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news has focused on awards, conferences, regulatory filings, and European expansion, with mostly modest single-day price moves and one divergence where positive expansion news coincided with a decline.
Over recent months, XCharge highlighted several growth and visibility milestones. On April 13, 2026, it opened a nearly 3,000 m² assembly and testing facility in Spain to support high-power EV chargers and GridLink systems. On April 14–15, 2026, management presented at clean energy–focused webinars and the Water Tower Research conference to engage investors. A 20-F for fiscal 2025 was filed on April 27, 2026, and on April 29, 2026, its GridLink system received a 2026 E+E Leader innovation award. Today’s co-CEO appointment fits into this broader expansion and governance build-out.
Key Terms
information security technical
cybersecurity technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
HAMBURG, Germany and AUSTIN, Texas, June 01, 2026 (GLOBE NEWSWIRE) -- XCHG Limited (“XCharge” or the “Company”) (Nasdaq: XCH), an integrated EV charging and energy solutions company, today announced the appointment of Ms. Albina Iljasov as Co-Chief Executive Officer of the Company, effective June 1, 2026.
Ms. Iljasov will serve alongside Mr. Yifei Hou, who continues in his role as Co-Chief Executive Officer. In her new role, Ms. Iljasov will primarily oversee the Company’s European operations and related strategic initiatives, while also having primary responsibility for the Company’s ongoing efforts in information security and cybersecurity initiatives.
The appointment reflects the Company’s continued global expansion and the Board of Directors’ belief that a Co-Chief Executive Officer structure will further strengthen the Company’s operational execution and international growth.
Ms. Iljasov has served as Head of Europe since September 2021, where she has been responsible for the Company’s business operations and growth across the European market. Prior to that, she served as Head of Sales and Business Development for Europe. Before joining XCharge, Ms. Iljasov held positions at EVBox and E.ON Drive, focusing on business development and regional sales initiatives in Europe.
“Albina has been instrumental in building and scaling our European footprint,” said Mr. Yifei Hou, Co-Chief Executive Officer of XCharge. “As we further bolster our information security and cybersecurity frameworks, Albina’s proven leadership acumen, deep industry expertise, and nuanced understanding of the European market position her uniquely to advance these critical priorities, while accelerating our broader international expansion and long-term growth agenda.”
“I am honored to take on this expanded role and look forward to elevating the Company’s information security and cybersecurity capabilities, while continuing to advance XCharge’s global expansion and long-term growth,” said Ms. Iljasov.
About XCharge
XCharge (Nasdaq: XCH) is a global supplier of high-performance electric vehicle charging solutions and energy storage solutions. The Company has headquarters in Hamburg and Austin, working with a globally networked team to drive innovation in the field of energy and help its customers achieve long-term success.
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.
For investor and media inquiries, please contact:
XCharge
IR Department
Email: ir@xcharge.com
