NaaS Technology and its Parent Company, NewLink, Formed Strategic Partnership with China Construction Bank to Progress its New Energy Globally
29 September 2023 - 4:00AM
NaaS Technology Inc. (Nasdaq: NAAS), the first U.S. listed EV
charging service company in China, today announced that its
parent company, NewLink, a world-leading energy IoT solution
provider and China's largest digital energy asset operator, has
partnered with China Construction Bank (CCB). CCB will provide
NewLink and Naas Technology Inc. with integrated financial services
support.
The partnership will encompass various financial
areas, including global new energy asset investment and
construction finance, supply chain finance, financial inclusion,
energy scenario payment and settlement, energy digital accounts,
investment banking services, domestic and foreign M&A financial
support, traditional financing and credit, asset management
services, consumer finance, and more. The aim is to empower NewLink
and NaaS to expand their global presence in the new energy sector,
thereby fostering green, low-carbon, and sustainable development in
the energy industry.
Specifically, NaaS will give full
play to the energy asset presence it has built both at
home and abroad, including equity M&A and new energy asset
investment and construction. CCB, in turn, will leverage NewLink
and NaaS' digital analytics capabilities and investment
decision-making algorithm analysis models of its global new energy
assets. This will enable CCB to provide integrated green financing
services to NewLink, NaaS, and their upstream and downstream
customers. These services encompass overseas M&A, liquidity
loans, project loans, inclusive loans, and financing for global
renewable energy asset investment in charging piles, energy
storage, and PV, among others.
This partnership represents another approach to
integrating financial capital into the new energy industry. CCB
will help guide NaaS by providing solid financial protection for
its global expansion and operation. Based on their shared vision of
the industry’s prospects, both parties will collaborate to create a
green finance model that supports the industry’s low-carbon
development.
Listed on NASDAQ since June 2022, NaaS is the
first U.S. listed EV charging service company in China, providing
one-stop EV charging solutions for charging station manufacturers,
operators, OEMs and enterprises. As of June 30, 2023, more than
652,000 chargers in over 62,000 charging stations were connected
and accessible on NaaS’ network. Its year-to-date fundraising has
achieved a total of US$91 million, and involved notable investors
such as Dr. Adrian Cheng. Through the acquisition of Sinopower HK
and Charge Amps this year, NaaS has made significant strides to the
global energy market.
Hui Meng
NewLink Group, NaaS Technology Inc.
pr@enaas.com
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