NaaS Showcases Pioneer Services for Global Energy Market at China-ASEAN Expo

NaaS Technology Inc. (NASDAQ: NAAS), a leading EV charging service provider, is making its debut at the 20th China-ASEAN Expo (CAEXPO) held in Nanning, Guangxi, China. The expo, with the theme “Work together for a Harmonious Home and a Shared Future,” is an international economic and trade event endorsed by the leaders of China and ASEAN.

NaaS is showcasing its innovative products and energy digitalization solutions at the event, including a range of charging equipment designed for the ASEAN region. These include wall-mounted AC piles, high-protection DC fast-charging piles, high-power DC fast-charging piles, and wall-mounted DC fast-charging piles. These products cater to various charging scenarios such as home use, public stations, high-speed service areas, fleet charging, and more.

One of the highlights at NaaS’ booth is the automatic charging robot. This robot, designed in-house, simplifies the charging process for electric vehicle (EV) owners. By placing an order through a mobile app, the charging robot will autonomously search for the vehicle, accurately dock with it, insert the charging gun, and drive away to allow the owner to return and replenish. This automation enhances the overall charging experience for EV owners.

The global renewable energy market is witnessing significant growth, with a market size of USD 103.095 billion in 2022, projected to reach approximately USD 1998.03 billion by 2030, according to Precedence Research. ASEAN has also set ambitious goals for decarbonization and renewable energy development, aiming for a 23% share of renewable energy in the region’s total primary energy supply and a 35% share in installed power capacity by 2025.

NaaS, as the first U.S. listed EV charging service company in China, provides comprehensive EV charging solutions for manufacturers, operators, OEMs, and enterprises involved in the charging station industry. The company has seen significant growth in its network, with a 110% year-over-year increase in the number of orders and a 112% year-over-year increase in charging volume in the first half of 2023.

In addition to its partnerships with Fortune 500 companies like Hyundai, PICC, and CR, NaaS’ subsidiary Nengcang Technology has recently secured a RMB204 million energy storage order. This collaboration aims to improve photovoltaic-storage-charging integrated solutions and expand NaaS’ presence and influence in the new energy industry.

NaaS’ internationalization efforts include the acquisition of Sinopower HK and leading EV charging solutions provider Charge Amps. These strategic moves position the company to become a key player in the global energy market and advance its long-term goal of becoming a leading player in new energy asset operation and management services.

Overall, NaaS’ participation in the China-ASEAN Expo highlights its commitment to providing innovative solutions for the global energy market, supporting the goals of decarbonization and renewable energy development in the ASEAN region.

Contact: Sabrina Wang, [email protected]

– China-ASEAN Expo 2023 Press Release
– NaaS Technology Inc. Financial Report
– Precedence Research Report on Global Renewable Energy Market