Parent Company Only Condensed Financial Information (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Condensed Financial Information Disclosure [Abstract] |
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| Summary of Consolidated Balance Sheets |
(a)Condensed Balance Sheets
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As of December 31, |
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As of December 31, |
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2024 |
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2025 |
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US$ |
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US$ |
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ASSETS |
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Current assets |
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Cash |
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8,300,344 |
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5,449,211 |
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Amounts due from subsidiaries-current |
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8,162,028 |
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7,534,102 |
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Prepayments and other current assets |
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4,463,506 |
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1,841,298 |
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Total current assets |
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20,925,878 |
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14,824,611 |
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Non-current assets |
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Amounts due from subsidiaries-non-current |
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38,465,944 |
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40,259,564 |
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Other non-current assets |
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— |
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1,097,980 |
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Total non-current assets |
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38,465,944 |
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41,357,544 |
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Total assets |
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59,391,822 |
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56,182,155 |
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LIABILITIES |
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Current liabilities |
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Net liabilities in subsidiaries |
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18,194,078 |
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27,501,236 |
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Amounts due to a subsidiary |
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9,871,978 |
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9,926,198 |
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Accrued expenses and other current liabilities |
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1,816,882 |
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888,366 |
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Total current liabilities |
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29,882,938 |
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38,315,800 |
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Total liabilities |
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29,882,938 |
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38,315,800 |
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SHAREHOLDERS’ EQUITY: |
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Class A ordinary shares |
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16,368 |
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21,603 |
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Class B ordinary shares |
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7,413 |
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7,413 |
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Additional paid-in capital |
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79,883,038 |
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100,820,027 |
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Accumulated other comprehensive income |
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1,975,487 |
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1,893,379 |
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Accumulated deficit |
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(52,373,422 |
) |
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(84,876,067 |
) |
Total shareholders’ equity |
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29,508,884 |
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17,866,355 |
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Total liabilities and shareholders’ equity |
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59,391,822 |
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56,182,155 |
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| Summary of Condensed Statements of Comprehensive Loss |
(b)Condensed Statements of Comprehensive Loss
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For the Years Ended December 31, |
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2023 |
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2024 |
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2025 |
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US$ |
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US$ |
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US$ |
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Total operating expenses |
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(7,419,798 |
) |
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(7,972,320 |
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(23,378,821 |
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Interest expense |
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(30,510 |
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(8,998 |
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(157 |
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Interest income |
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396 |
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19,832 |
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101,383 |
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Share of profits (losses) in subsidiaries |
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829,431 |
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(3,979,050 |
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(9,225,050 |
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Changes in fair value of convertible debts |
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(1,463,159 |
) |
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— |
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— |
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Net loss |
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(8,083,640 |
) |
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(11,940,536 |
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(32,502,645 |
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Accretion of redeemable convertible preferred shares to redemption value |
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(2,377,429 |
) |
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(1,162,826 |
) |
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— |
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Net loss attributable to ordinary shareholders of XCHG Limited |
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(10,461,069 |
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(13,103,362 |
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(32,502,645 |
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Net loss |
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(8,083,640 |
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(11,940,536 |
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(32,502,645 |
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Other comprehensive income (loss) |
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1,043,513 |
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151,122 |
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(82,108 |
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Total comprehensive loss |
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(7,040,127 |
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(11,789,414 |
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(32,584,753 |
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| Summary of Condensed Statements of Cash Flows |
(c)Condensed Statements of Cash Flows
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For the Years Ended December 31, |
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2023 |
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2024 |
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2025 |
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US$ |
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US$ |
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US$ |
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Net cash used in operating activities |
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(77,908 |
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(11,697,046 |
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(2,339,902 |
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Net cash (used in) provided by investing activities |
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(33,370,232 |
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365,100 |
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(952,452 |
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Net cash provided by financing activities |
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34,749,595 |
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18,330,800 |
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441,221 |
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Effect of foreign currency exchange rate changes on cash |
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35 |
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— |
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— |
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Net increase (decrease) in cash |
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1,301,490 |
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6,998,854 |
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(2,851,133 |
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Cash at the beginning of the year |
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— |
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1,301,490 |
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8,300,344 |
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Cash at the end of the year |
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1,301,490 |
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8,300,344 |
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5,449,211 |
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