NaaS Technology Inc. Joins NASDAQ Golden Dragon China Index

NaaS Technology Inc. (Nasdaq: NAAS), the first U.S. listed EV charging service company in China, has announced its inclusion in the NASDAQ Golden Dragon China Index. This index is widely recognized as an important indicator of the performance of Chinese enterprises in the U.S. stock market. NaaS is one of nine new energy companies to be included in the index, and the only EV charging service company.

The NASDAQ Golden Dragon China Index provides investors with valuable insights and access to the unique opportunities available in China while still benefiting from the transparency of U.S. listings. It covers various sectors, including digital, technology, new forms of consumption, and clean energy. The index features renowned companies in the internet space and the new energy sector.

NaaS’ inclusion in the NASDAQ Golden Dragon China Index brings fresh energy to the new energy sector, showcasing its charging services alongside other prominent companies in the industry.

About NaaS Technology Inc.

NaaS Technology Inc. is the first U.S. listed EV charging service company in China. It is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. NaaS provides comprehensive EV charging solutions to charging stations, including online and offline EV charging, as well as innovative solutions. Their services support every stage of the charging station lifecycle.

As of June 30, 2023, NaaS had connected over 652,000 chargers, covering 62,000 charging stations in China. These numbers represent a significant market share, with NaaS accounting for 41.5% of China’s public charging market share and 49.2% of the charging stations’ market share.

NaaS Technology Inc.’s American depositary shares started trading on Nasdaq under the stock code NAAS on June 13, 2022.

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Sources: NaaS Technology Inc.