BEIJING, Dec. 5, 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 new
partnership with the State Grid Corporation of China's Hebei Electric Vehicle Charging
Service Company ("State Grid Hebei") to integrate over 2,800 public
chargers into NaaS's strategic partner Kuaidian's charging service
network. This partnership represents a significant step forward in
NaaS's efforts to advance charging interconnection and increase
supply side coverage, a strategic priority the Company announced
earlier this year.
This collaboration will enhance the charging experience for more
than one million EV owners across key cities in Hebei Province, including Shijiazhuang, Baoding, Xingtai, Cangzhou,
Handan, and Hengshui, seamlessly
connecting State Grid Hebei's charging network with the Kuaidian
app to provide more convenient, efficient, and intelligent charging
services. Users will gain access to a range of features including
charging station location, real-time charger availability,
one-click payments, and navigational support, optimizing their
charging experience.
Ms. Yang Wang, Chief Executive
Officer of NaaS, commented, "This collaboration marks another
milestone in NaaS's mission to improve China's EV charging ecosystem. By leveraging
our NEF (NaaS Energy Fintech) system's AI-driven capabilities and
our vast array of strategic partnerships, we are transforming the
charging experience, improving operational efficiencies, and
propelling the rapid adoption of electric vehicles in key regions
like Hebei. The integration with
State Grid Hebei's charging infrastructure is a prime example of
how our technology can help fulfill the growing demand for EV
charging services across the country."
Mr. Steven Sim, Chief Financial
Officer of NaaS, commented, "This partnership not only expands our
market presence in Hebei Province
but also demonstrates the financial strength and scalability of our
NEF system. We believe that expanding our charging infrastructure
footprint will provide a solid foundation for our financial
performance in the coming quarters. This strategic collaboration
also aligns with our long-term financial goals, with a focus on our
core charging business, and underscores our commitment to
delivering sustainable value to our shareholders through innovative
and scalable solutions in the EV charging sector."
The newly connected charging stations in Hebei will expand the availability and
coverage of public charging infrastructure, particularly in
high-demand cities such as Shijiazhuang, Baoding, and Tangshan, where EV
adoption rates have been growing rapidly. According to data from
the China Charging Alliance, Hebei
Province was home to approximately 1.03 million new energy
vehicles and 95,000 public chargers as of August 2024. Hebei ranks fourth in China for public charging volume, trailing
only Guangdong, Jiangsu, and Zhejiang provinces, with EV sales and
penetration rates growing at an impressive pace. For instance, in
September 2024, Shijiazhuang's new car sales penetration
reached 49.95%, with sales increasing by 45.4% year-on-year,
outpacing the industry's overall growth, according to the same
source.
NaaS's NEF system plays a key role in enhancing the efficiency
of regional charging infrastructure, utilizing real-time data on
local charging demand and dynamic electricity pricing to optimize
charging stations' operations, improve user flow, and enable
precise marketing and service delivery. Additionally, the system's
intelligent site selection and operational monitoring capabilities
help charging station operators align supply and demand more
accurately, improving their profitability and operational
efficiency. As the NEF system's applications expand and deepen, its
impact on supply-demand matching, station profitability, and
industry efficiency is also increasing. Its positive outcomes have
attracted widespread market recognition, solidifying NaaS's
position as a key player in the EV charging industry.
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.