NaaS Technology Inc. the first U.S.-listed EV charging service company in China, today announced a new partnership with the State Grid Corporation of China's Hebei Electric Vehicle Charging Service Company ("State Grid Hebei") to integrate over 2,800 public chargers into NaaS's strategic partner Kuaidian's charging service network. This partnership represents a significant step forward in NaaS's efforts to advance charging interconnection and increase supply side coverage, a strategic priority the Company announced earlier this year.

This collaboration will enhance the charging experience for more than one million EV owners across key cities in Hebei Province, including Shijiazhuang, Baoding, Xingtai, Cangzhou, Handan, and Hengshui, seamlessly connecting State Grid Hebei's charging network with the Kuaidian app to provide more convenient, efficient, and intelligent charging services. Users will gain access to a range of features including charging station location, real-time charger availability, one-click payments, and navigational support, optimizing their charging experience.

The newly connected charging stations in Hebei will expand the availability and coverage of public charging infrastructure, particularly in high-demand cities such as Shijiazhuang, Baoding, and Tangshan, where EV adoption rates have been growing rapidly. According to data from the China Charging Alliance, Hebei Province was home to approximately 1.03 million new energy vehicles and 95,000 public chargers as of August 2024. Hebei ranks fourth in China for public charging volume, trailing only Guangdong, Jiangsu, and Zhejiang provinces, with EV sales and penetration rates growing at an impressive pace. For instance, in September 2024, Shijiazhuang's new car sales penetration reached 49.95%, with sales increasing by 45.4% year-on-year, outpacing the industry's overall growth, according to the same source.

NaaS's NEF system plays a key role in enhancing the efficiency of regional charging infrastructure, utilizing real-time data on local charging demand and dynamic electricity pricing to optimize charging stations' operations, improve user flow, and enable precise marketing and service delivery. Additionally, the system's intelligent site selection and operational monitoring capabilities help charging station operators align supply and demand more accurately, improving their profitability and operational efficiency. As the NEF system's applications expand and deepen, its impact on supply-demand matching, station profitability, and industry efficiency is also increasing. Its positive outcomes have attracted widespread market recognition, solidifying NaaS's position as a key player in the EV charging industry.

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.

 

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