BEIJING, Dec. 19,
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 memorandum of understanding (the "MOU") with
TCC Energy Storage Technology (Hangzhou) Co., LTD. (NHOA.TCC), a subsidiary
of TCC Group Holdings (TCC). The partnership aims to advance
integrated solar-charging-storage solutions, leveraging AI-driven
technology to optimize operational efficiency and enhance user
experience. This collaboration reinforces NaaS's commitment to
enhancing charging interconnectivity and driving the adoption of
innovative charging solutions in China's rapidly expanding NEV market.
TCC, in recent years, has been transforming from a traditional
cement manufacturing and sales company to a green engineering
company, built on three sustainable businesses including low-carbon
construction materials, resource cycling, and renewable energy.
Energy storage and electric vehicle (EV) charging are key to this
transformation. In 2021, TCC acquired NHOA, an Italy-based energy storage system and EV
charging infrastructure provider. This acquisition strengthened
TCC's position in the green energy space by providing in-house
R&D and manufacturing capabilities for battery cells, energy
storage systems and fast EV chargers.
Under the MOU, NaaS will integrate into its charging platform
approximately 200 charging terminals at TCC Hangzhou C.F. KOO
Building, which are equipped with photovoltaic and energy storage
systems. NaaS will provide comprehensive services, including user
profiling, targeted marketing, order management, and payment
solutions, to optimize user experience and improve operational
efficiency of the charging stations. The collaboration features an
AI-driven intelligent operation management system. NaaS will
leverage its NEF (NaaS Energy Fintech) system for real-time
monitoring of charging pile operations, dynamic electricity
pricing, and services such as intelligent site selection, revenue
assessments, and ROI calculations. Together, they promote
innovative solar-charging-storage solutions and advance the
development of smart, integrated EV charging infrastructure.
Ms. Yang Wang, Chief Executive
Officer of NaaS, commented, "China's NEV market is experiencing rapid
growth. According to data from the China Passenger Car Association
(CPCA), domestic NEV retail sales reached 1.298 million in
November 2024, a year-over-year
increase of 50.5%, with a penetration rate exceeding 50% for five
consecutive months. This surge is driving a growing demand for
efficient, innovative charging solutions. Integrating our AI-driven
NEF system with TCC's advanced solar and energy storage
capabilities optimizes charging operations, enhances user
experience, and delivers smarter, more sustainable energy
solutions. This partnership enables us to explore innovative
applications of integrated solar-charging-storage systems and
further refine the EV charging industry's supply and demand
ecosystem. Moving forward, NaaS will continue to expand its
charging infrastructure coverage, diversify charging service
scenarios, and accelerate the application of AI across the entire
value chain of the EV charging industry."
Mr. Steven Sim, Chief Financial
Officer of NaaS, commented, "This partnership highlights our
ability to integrate technology into scalable EV charging
solutions. Leveraging our NEF system's capabilities creates new
monetization opportunities to meet our long-term financial goals.
This collaboration not only strengthens our position in the rapidly
evolving EV charging market but also reinforces our commitment to
delivering consistent, long-term value for our shareholders. As we
expand our core business and explore more AI-driven intelligent
energy solutions, we are well-positioned to capitalize on the
opportunities in China's EV
charging market."
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.
