My AW Ultra had a fast charging problem, too. It charged as slow as 20% per hour, no matter which charger and cable I used. Apple support told me, this is not expected behavior and the watch will need to be exchanged. Unfortunately, my replacement will not be shipping for up to three weeks. This leaves me with no AW Ultra for the moment.
I think, thatās pretty disappointing. Since Apple seems to have a problem with fast charging on their AW Ultra, they should at least be speeding up the process to replace defective watches.