BEIJING, Nov. 7, 2024
/PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the
"Company"), the first U.S.-listed EV charging service company in
China, today announced its
successful deployment of the "Zhejiang Province Charging
Infrastructure Governance and Supervision Service Platform" (the
'Platform'). Launched in collaboration with the Energy Bureau of
Zhejiang Province, this initiative
represents a strategic expansion of the Company's footprint in
digital infrastructure solutions for EV charging services.
NaaS was awarded the contract to lead the project in
December 2023 following a competitive
bidding process. Leveraging government cloud resources and data
integration from the Development and Reform Commission, the
Platform integrates NaaS's proprietary NEF (NaaS Energy Fintech)
system to address critical charging infrastructure needs, including
optimizing the layout, enhancing service uniformity, and enforcing
operational standards across the province. The Platform not only
streamlines the governance of existing facilities but also guides
the strategic deployment of new charging sites to ensure
comprehensive coverage and accessibility.
Ms. Yang Wang, Chief Executive
Officer of NaaS, commented, "The operational launch of the Zhejiang
Province Charging Infrastructure Governance and Supervision Service
Platform marks a significant milestone in our strategic
initiatives. Zhejiang Province
leads the country in new energy vehicle ownership and number of
public charging piles. Powered by NaaS's digital and AI
capabilities, this Platform not only enhances the efficiency of
charging infrastructure but also sets a benchmark for regulatory
governance in the industry nationwide. We are proud to lead this
transformative project, supporting the provincial government's
goals of accelerating new energy vehicle adoption and advancing
sustainable transportation solutions."
Mr. Steven Sim, Chief Financial
Officer of NaaS, commented, "Deploying the Platform marks a pivotal
step in advancing the operational and financial performance of our
EV charging infrastructure in Zhejiang
Province. This initiative not only enhances our footprint in
the region but also leverages our proprietary NEF system to
potentially unlock new monetization opportunities. The successful
rollout in Zhejiang serves as a
model for potential expansion into other markets, demonstrating our
capability to deliver scalable and financially viable technology
solutions."
Additionally, with the support of artificial intelligence,
digital analytics, and other technological capabilities, the
Company continues to improve operational efficiency while
significantly reducing operating expenses. In the second quarter of
2024, the Company's marketing expenses accounted for 57% of
revenue, compared with 177% in the second quarter of 2023. During
the same period, the Company's cumulative registered users
increased by over 60%, cumulative transaction users increased by
over 90%, and user activity reached a record high. As NaaS
continues to invest in technology research and development and
deepens its data analysis and insight capabilities, the Company
expects to achieve lower customer acquisition costs, higher user
engagement, and business efficiency gains.
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.