BEIJING, Jan. 23,
2025 /PRNewswire/ -- NaaS Technology Inc.
(Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV
charging service company in China, today announced a
significant expansion of its charging network in the fourth quarter
of 2024. The number of newly connected chargers in Q4 increased
more than 50% compared to that of Q3 of 2024. Notably, over 70% of
these new additions were DC fast chargers, reinforcing NaaS's
commitment to accelerate fast-charging infrastructure.
This milestone growth highlights the effectiveness of NaaS's
strategic initiatives, including the strong collaborations across
the EV ecosystem. Most recently, key partnerships included a
prominent regional charge point operator in Fujian Province and the State Grid Corporation
of China's Hebei EV Charging
Service Company. By working closely with charge point operators,
auto manufacturers, and government entities, NaaS has not only
expanded the network coverage of charging infrastructure, but also
optimized operational efficiency and service quality. These
initiatives have further solidified the Company's leadership
position in China's EV charging
market, ensuring a competitive edge in meeting the growing demand
for fast and reliable charging solutions.
Ms. Yang Wang, Chief Executive Officer of NaaS, commented,
"Our fourth quarter 2024 charging network expansion demonstrates
the critical progress we have achieved through recent strategic
partnerships. We are fulfilling our commitment and strategic
priority in advancing charging interconnection and increasing
supply side coverage, especially in offering more fast charging
services via our platform. Our consistent deployment of EV charging
services with our partners will ensure expanded supply-side
infrastructure, accelerate EV user adoption, and further advance
our platform in this rapidly growing market."
Mr. Steven Sim, Chief Financial Officer of NaaS, added,
"Our ability to drive consistent growth is powered by our
innovative approach and strong partnerships across the ecosystem.
As one of the largest EV charging platform providers in
China, our reliable and scalable
core charging services delivered consistent gross take rate
increase for the past four quarters, which positions us well to
sustainable financial profitability and to further capture market
opportunities for the long-term."
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.
