BEIJING, Feb. 6, 2025
/PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the
"Company"), the first U.S.-listed EV charging service company in
China, today announced substantial
expansion in its charging interconnectivity business, adding
approximately 6.4 million new registered users in 2024. As of
December 31, 2024, the total
registered users through NaaS's strategic partner, the Kuaidian
platform, reached nearly 19 million, covering over 60% of
China's new energy vehicle (NEV)
owners. This estimate is based on data from China's Ministry of Public Security, which
reported 31.4 million NEVs in the country by the end of 2024.
With China's sales penetration
rate of NEV hitting 52% in November
2024 and projected to continue to climb in 2025, demand for
intelligent and efficient charging solutions continues to
accelerate. NaaS is accelerating its interconnectivity expansion by
deepening both demand and supply-side partnerships with auto OEMs,
third-party online platforms, and charge point operators. As of
September 30, 2024, NaaS had
connected nearly 1.15 million chargers, representing 35% of
China's public charging
infrastructure. Through multi-faceted collaborations, NaaS is
reinforcing its commitment to delivering scalable and high-quality
charging solutions. By continuously expanding network coverage and
optimizing service efficiency, the Company is streamlining EV
charging, making it more accessible, seamless, and dependable for
the rapidly growing NEV user base.
Ms. Yang Wang, Chief Executive
Officer of NaaS, stated:" The rapid user growth reflects the
growing demand for smart, high-efficiency charging solutions. By
expanding our interconnectivity network and deepening
collaborations across the EV ecosystem, we are committed to
delivering a superior charging experience and driving the industry
toward a more connected future."
Mr. Steven Sim, Chief Financial
Officer of NaaS, added, "The expansion of our interconnectivity
business reaffirms NaaS' strong market position and the trust we've
built with millions of EV drivers. As the industry continues its
rapid transformation, we are focused on further optimizing our
platform, leveraging data-driven insights, and accelerating our
partnerships to drive sustainable growth."
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.
