BEIJING, Oct. 10,
2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq:
NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging
service company in China, today
announced a strategic emphasis on its interconnectivity charging
business, leveraging AI technology and industry partnerships to
accelerate ecosystem development on both the supply and demand
sides of China's rapidly growing
electric vehicle ("EV") charging industry.
Ms. Yang Wang, Chief Executive Officer of NaaS, commented,
"China's new energy vehicle market
has experienced rapid expansion, with charging services potentially
becoming a bottleneck constraining future growth. As a charging
services industry leader, NaaS is strategically poised to meet this
urgent demand, prioritizing expansion and advancement across the
charging ecosystem."
"The digital nature of EV charging presents a unique opportunity
for AI technology to revolutionize the industry. We aim to
holistically upgrade China's
charging infrastructure through AI innovation, optimizing the
matching of charging supply and demand. We are committed to
improving operational efficiency for charging point operators and
enhancing EV drivers' charging experience with effective,
AI-powered solutions. Simultaneously, we will continue expanding
our platform's network coverage and demand-side user base through
partnerships with NEV manufacturers, local operators and other
industry players. We are confident these strategic initiatives will
propel China's new energy market
into a new era of growth," Ms. Wang concluded.
Mr. Steven Sim, Chief Financial
Officer of NaaS, commented, "The explosive demand for EV charging
services in China has presented
significant opportunities for us. Data from the National Energy
Administration revealed a 40% year-over-year surge in national
charging volumes for the first half of 2024. This surge in demand
was evident during the National Day holiday, with many highway
service area stations operating at full capacity. In August, EVs
accounted for 7.4% of the total auto market. NaaS is well
positioned to capitalize on this opportunity and maintain its
leadership in this rapidly evolving industry."
Enhancing Supply-Side Capacity and Capabilities with
AI-Driven Solutions
NaaS is expanding its charging station network by attracting
local operators with advanced AI-powered services. The company has
made significant investments in developing neural network
algorithms to optimize charging efficiency and elevate the user
experience. NaaS introduced the NEF (NaaS Energy Fintech) system
last year. This system fully automates site selection by analyzing
driving patterns, user behavior, and demand, evaluating factors
like location and traffic, and using machine learning to recommend
optimal locations. NEF plays a key role in the daily operations of
charging stations, utilizing AI-algorithms for predictive
maintenance of hardware and connectivity. More importantly, the NEF
system enhances the profitability of charge point operators by
enabling dynamic pricing adjustments based on real-time charging
demand and electricity supply, maximizing station revenue.
In the first half of 2024, NaaS further expanded its
partnerships with charging point operators, including major central
and state-owned enterprises, and prominent industry leaders such as
China Southern Power Grid, Jiaotou Supercharge, CEGN, and Li Auto's supercharging
stations.
Expanding Demand-Side Reach Through Strategic
Partnerships
NaaS is expanding its user base by integrating its services into
car manufacturers' systems and partnering with third-party
platforms. In the first half of 2024, NaaS expanded its
partnerships with prominent electric vehicle brands,
including BYD's sub-brands Dynasty, Ocean, and Fang Cheng Bao,
as well as other brands such as NETA, IM Motors, Hongqi, and Jiyue.
Additionally, new third-party automobile online platforms are also
connected to NaaS's network, including industry-leading brands such
as Autohome, Tuhu Car Maintenance, Cao Cao Mobility, and Hello
TransTech. These collaborations encompass a diverse range of
platforms—including digital map providers, commercial and passenger
vehicles, and automotive aftermarket services—achieving seamless
interoperability. The Kuaidian mobile app and in-vehicle smart
systems enable EV owners to easily locate NaaS charging stations,
check real-time pricing and equipment status, and initiate charging
or make payments with a single click.
About NaaS Technology Inc.
NaaS Technology Inc. is the first U.S. listed EV charging
service company in China. The
Company is a subsidiary of Newlinks Technology Limited, a leading
energy digitalization group in China. The Company provides one-stop solutions
to energy asset owners comprising charging services, energy
solutions and new initiatives, supporting every stage of energy
assets' lifecycle and facilitating energy transition.
Safe Harbor Statement
This press release contains statements of a forward-looking
nature. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. You can identify these forward-looking statements by
terminology such as "will," "expects," "believes," "anticipates,"
"intends," "estimates" and similar statements. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions,
estimates and projections about the Company and the industry. All
information provided in this press release is as of the date
hereof, and the Company undertakes no obligation to update any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that its expectations will turn
out to be correct, and investors are cautioned that actual results
may differ materially from the anticipated results. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: NaaS' goals and strategies; its future
business development, financial conditions and results of
operations; its ability to continuously develop new technology,
services and products and keep up with changes in the industries in
which it operates; growth of China's EV charging industry and EV charging
service industry and NaaS' future business development; demand for
and market acceptance of NaaS' products and services; NaaS' ability
to protect and enforce its intellectual property rights; NaaS'
ability to attract and retain qualified executives and personnel;
the COVID-19 pandemic and the effects of government and other
measures that have been or will be taken in connection therewith;
U.S.-China trade war and its
effect on NaaS' operation, fluctuations of the RMB exchange rate,
and NaaS' ability to obtain adequate financing for its planned
capital expenditure requirements; NaaS' relationships with
end-users, customers, suppliers and other business partners;
competition in the industry; relevant government policies and
regulations related to the industry; and fluctuations in general
economic and business conditions in China and globally. Further information
regarding these and other risks is included in NaaS' filings with
the SEC.
For investor and media inquiries, please
contact:
Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com
Media inquiries:
E-mail: pr@enaas.com
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SOURCE NaaS Technology Inc.