XCHG Limited’s subsidiary XCharge announced a partnership with FAZT Charging to install electric‑vehicle charging stations at more than 800 Soriana supermarket locations across Mexico. The collaboration will begin with the deployment of 30 stations, scheduled to be operational by the first quarter of 2026, and will expand to an additional 80 stations by the end of 2026, bringing the total to 440 operational points in the first phase. The long‑term plan is to reach 1,000 stations by 2030, positioning FAZT as the largest ultra‑fast charging network in the country and potentially reducing transportation CO₂ emissions by up to 70%.
The deal leverages XCharge’s C6EU chargers, which offer 60‑ to 200‑kW power and support NACS, GBT, and CCS1 connectors, ensuring compatibility with a wide range of electric‑vehicle models. By integrating its high‑power DC fast chargers into Soriana’s high‑traffic retail sites, XCharge will provide a scalable, high‑visibility charging solution that can serve both consumer and commercial fleets. The partnership also includes AI‑powered operations and a user‑friendly app for station location, payment, and real‑time monitoring, enhancing the customer experience and operational efficiency.
XCHG’s recent financial results provide context for the partnership’s strategic importance. In 2024 the company generated $42.20 million in revenue, up 9.59% year‑over‑year, but reported a net loss of $13.10 million, a widening of 25.3% compared with the prior year. The loss reflects significant investments in product development, market expansion, and the Energy Asset Vault blockchain platform, launched on August 21 2025. The Soriana partnership is expected to create a new, recurring revenue stream that can help offset these losses and accelerate the company’s path to profitability.
Management emphasized the strategic fit of the deal. Simon Hou, Founder and CEO of XCharge, said, “Partnering with Soriana gives us a nationwide platform to deploy our high‑power chargers at high‑visibility sites, accelerating adoption of ultra‑fast charging in Mexico and supporting the country’s goal of 50% electric vehicle sales by 2030.” He added that the Energy Asset Vault program will enable tokenization of future charging assets, opening new financing avenues for large‑scale infrastructure projects.
The partnership’s scale and technology give XCHG a competitive edge in a rapidly growing market. Soriana’s network of over 800 stores provides a dense, customer‑friendly footprint that can attract both private‑fleet operators and individual EV owners. FAZT’s ultra‑fast charging capability, combined with XCharge’s AI‑driven operations, positions the network to meet the high‑power demand of modern electric vehicles, while the projected 1,000‑station goal aligns with Mexico’s national electrification targets. The collaboration also strengthens XCHG’s brand recognition in Mexico and sets the stage for future energy‑storage and blockchain initiatives under the Energy Asset Vault program.
The partnership is a material milestone that expands XCHG’s presence in a key growth market, introduces a new revenue stream, and supports the company’s broader strategy of scaling high‑power charging infrastructure and innovative financing models. The deal’s alignment with national electrification goals and its potential to reduce CO₂ emissions by up to 70% underscore its strategic significance for both XCHG and Mexico’s EV ecosystem.
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