NaaS Technology Inc

NaaS Technology, Inc. operates as an electric vehicle charging service provider. The firm maintains the largest EV charging network in China in terms of the charging volume transacted through its charging network for third-party charging station operators, and the number of public DCFCs (direct current fast charger with 30kW power output or more) connected to its network. The company was founded by Zhen Dai and Yang Wang and is headquartered in Beijing, China.

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NaaS Technology Inc achieves first profit milestone amidst revenue surge

NaaS Technology Inc's Q2 2024 performance reflects strong financial growth, marked by revenue and gross profit increases alongside operational efficiency improvements.
The company's focus on autonomous charging solutions, AI advancements, and strategic partnerships underpin its strengths and growth potential in the market.
While challenges in sustaining profitability and managing operational costs exist, opportunities in market expansion and technological innovation offer avenues for future growth.
Overall, NaaS Technology Inc's financial success in Q2 2024 sets a positive trajectory for continued growth and innovation in the electric vehicle charging sector.

NaaS Technology Inc reports record profits and eyes EV market dominance

NaaS Technology Inc's Q3 performance reflects positive financial growth, operational efficiency, and strategic positioning in the EV charging market.
While challenges in maintaining profitability and managing costs persist, the company's focus on core services and technology offers avenues for sustained success.
Opportunities lie in scaling operations, leveraging partnerships, and advancing technology to drive future growth and profitability for NaaS Technology Inc.

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NaaS Technology, Inc. engages in the provision of electric vehicle charging services. The firm maintains an EV charging network in China through its charging network for third-party charging station operators, and the number of public DCFCs (direct current fast charger with 30kW power output or more) connected to its network. The company was founded by Zhen Dai and Yang Wang on July 16, 2013 and is headquartered in Beijing, China.

Beijing, China, Sept. 11, 2023 (GLOBE NEWSWIRE) -- The year 2023 has undeniably brought economic recession on a global scale, where market volatility has become the norm, casting a shadow over numerous industries. However, against this backdrop of uncertainty, several brokerages have singled out the new energy sector as a beacon of investment potential for the year, making it a central focus of their endeavors.

NaaS Technology Records 132% YoY Revenue Growth in H1 2023, Offline and Innovative Services Stands Unprecedented 53.4% of Revenue

NaaS Technology Inc. (NASDAQ:NAAS ) Q2 2023 Earnings Conference Call September 8, 2023 8:00 AM ET Company Participants Cynthia Tan - Senior Director of IR Yang Wang - CEO Alex Wu - President and CFO Conference Call Participants Operator Ladies and gentlemen, thank you for standing by, and welcome to the NaaS Second Quarter and First Half 2023 Earnings Conference Call. At this time all participants are in listen-only mode.

NaaS Technology Inc. (NAAS) Q2 2023 Earnings Call Transcript

Beijing, China, Sept. 08, 2023 (GLOBE NEWSWIRE) -- On September 8, NaaS (NASDAQ: NAAS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2023. Revenues grew by 121% year over year to RMB 48.6 million (US$6.7 million) in the second quarter of 2023 and 132% year over year to RMB 84.8 million (US$11.7 million) in the first half of 2023.

NaaS Records 132% YoY Revenue Growth and 112% YoY Increase of Charging Volume reaching 2,251 GWh in H1 2023

BEIJING , Sept. 8, 2023 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (Nasdaq: NAAS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2023.

NaaS Technology Inc. Reports Unaudited 2023 Second Quarter and First Half Financial Results

BEIJING , Sept. 6, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it has signed strategic cooperation agreements with several enterprises through its subsidiary Nengcang Technology.

NaaS Secures RMB204 Million Energy Storage Order, Pursuing Global Leadership in Integrated Charging and Storage Solutions

BEIJING , Sept. 5, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it will report its unaudited financial results for the second quarter and half year ended June 30, 2023 before the U.S. market opens on Friday, September 8, 2023.

NaaS Technology Inc. to Report 2023 Second Quarter and First Half Unaudited Financial Results on September 8, 2023 Eastern Time

BEIJING , Sept. 5, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, announced that LMR Partners Limited completed the purchase of the US$40 million convertible note from the Company, convertible into American depositary shares representing the Company's ordinary shares, on September 5, 2023 pursuant to the convertible note purchase agreement and the derivative arrangement entered into between the parties as previously announced on August 31, 2023.

NaaS Technology Inc. Announces Closing of US$40 Million Private Placement of Convertible Note

Beijing, China, Sept. 04, 2023 (GLOBE NEWSWIRE) -- China's services trade has resiliently sustained rapid growth, emerging as a highlight of its high-standard opening-up endeavors. In 2022, the total volume of services imports and exports surged to nearly CNY 6 trillion, marking an impressive 12.9% upswing from the previous year. This substantial leap establishes a new record in scale, retaining its rank of second globally for nine years in a row, as confirmed by the country's Ministry of Commerce.

NaaS Debuts at 2023 CIFTIS to Advance Global Transportation Energy Networks

BEIJING , Aug. 31, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it entered into a convertible note purchase agreement with LMR Partners Limited (the "Investor" or "LMR"), a global multi-strategy investment fund, pursuant to which the Investor will purchase from the Company a convertible note with a principal amount of US$40 million, convertible into American depositary shares ("ADSs") representing the Company's ordinary shares. Concurrently, the Company and the Investor entered into a derivative arrangement with respect to the ADSs.

NaaS Technology Inc. Announces US$40 Million Private Placement of Convertible Note

Beijing, China, Aug. 25, 2023 (GLOBE NEWSWIRE) -- On August 24, a strategic partnership was forged between NewLink and NaaS Technology Inc. (Nasdaq:NAAS) with CR Capital MGMT, synergizing their distinct proficiency in capital and asset management as well as energy services.

NewLink and NaaS Reach Strategic Partnership with CR Capital MGMT to Accelerate New Energy Infrastructure Development

Beijing, China & Stockholm, Sweden, Aug. 22, 2023 (GLOBE NEWSWIRE) -- NaaS Technology Inc. (NASDAQ: NAAS), a leading electric vehicle (EV) charging service company, has announced plans to acquire Charge Amps AB (“Charge Amps”), a Swedish EV charging solutions provider for approximately SEK 724 million (US$66.4 million) of 100% of the issued and outstanding shares. The deal marks a landmark initiative of NaaS' expanded global layout after its acquisition early this June of over 89% stake in Sinopower HK, the biggest one-stop solar PV service provider in HK.

NaaS Technology Inc. Announces Plans to Acquire Swedish Leading EV Charging Infrastructure Supplier Charge Amps for $66.4M

STOCKHOLM , Aug. 22, 2023 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ: NAAS), a leading electric vehicle (EV) charging service company, has announced plans to acquire Charge Amps AB ("Charge Amps"), a Swedish EV charging solutions provider for approximately SEK 724 million (US$66.4 million) of 100% of the issued and outstanding shares. The deal marks a landmark initiative of NaaS' expanded global layout after its acquisition early this June of over 89% stake in Sinopower HK, the biggest one-stop solar PV service provider in HK.

NaaS Technology Inc. Announces Plans to Acquire Swedish Leading EV Charging Infrastructure Supplier Charge Amps for $66.4 m

BEIJING , Aug. 22, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it has entered into a definitive agreement to acquire 100% of the issued and outstanding shares of Charge Amps AB ("Charge Amps") . The consideration for the acquisition, which values Charge Amps at an equity value of approximately SEK 724 million (US$66.4 million), will be a combination of cash and newly issued Class A ordinary shares of the Company.

NaaS Technology Inc. to Acquire Charge Amps

Exxon Mobil's growth in the 1970s highlights the potential gains from investing in transformative megatrends. The transition to electric vehicles and China's economic growth are prominent megatrends of the 21st century. NaaS Technology Inc. is positioned to benefit from these megatrends as a leading EV charging service provider in China, but regulatory challenges and geopolitical tensions pose risks.

NaaS: Intriguing Opportunity In China's EV Market

Beijing, China, Aug. 16, 2023 (GLOBE NEWSWIRE) -- NaaS (NASDAQ: NAAS), a leading EV charging service company, combined with the world's third-largest Automaker, Hyundai Motor Group(China), to develop efficient charging management service for Hyundai car owners. Furthermore, two parties will empower potential EV charging businesses via partnership.

NaaS Teams Up with Hyundai to Boost EV Charging Services and Business Ventures

BEIJING--(BUSINESS WIRE)--NaaS (NASDAQ: NAAS), a leading EV charging service company, combined with the world's third-largest Automaker, Hyundai Motor Group(China), to develop an efficient charging management service for Hyundai car owners. Furthermore, the two parties will empower potential EV charging businesses via partnership. The partnership between NaaS and Chinese entity of Hyundai Motor Group made charging services and solutions for order management to be equipped with Hyundai models. H.

NaaS and Hyundai Reached an EV-Charging Business Partnership

New York, July 24, 2023 (GLOBE NEWSWIRE) -- On July 18, Fortune published its annual "Top 40 Under 40 Business Elites in China" for 2023, which included Miss Wang Yang, the founder and CEO of NaaS (NASDAQ: NAAS). Miss Wang was the sole representative from the renewable energy service sector to make it to the list.

NaaS CEO named on Fortune “Top 40 Under 40 Business Elites in China” list

New York, July 18, 2023 (GLOBE NEWSWIRE) -- On July 18, Fortune business media published its annual "Top 40 Under 40 Business Elites in China" for 2023, which included Miss Wang Yang, the founder and CEO of NaaS (NASDAQ: NAAS). Miss Wang was the sole representative from the renewable energy service sector to make it to the list.

NaaS CEO named on Forbes “Top 40 Under 40 Business Elites in China” list

BEIJING , July 7, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, announced that LMR Partners Limited completed the purchase of the US$30 million convertible note from the Company, convertible into American depositary shares representing the Company's ordinary shares, on July 6, 2023 pursuant to the convertible note purchase agreement and the derivative arrangement entered into between the parties as previously announced on June 29, 2023. About NaaS Technology Inc. NaaS Technology Inc. is the first U.S. listed EV charging service company in China.

NaaS Technology Inc. Announces Closing of US$30 Million Private Placement of Convertible Note

BEIJING , July 3, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, announced that it received a notification from Bain Capital Rise Education IV Cayman limited and BCPE Nutcracker Cayman, L.P., shareholders of the Company and entities affiliated with Bain Capital, confirming that they will not sell American depositary shares or ordinary shares of the Company into the open market until the Company releases its earnings results for the second quarter of 2023.

NaaS Technology Inc. Receives Non-Trading Confirmation from Bain Capital

BEIJING , June 29, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it entered into a convertible note purchase agreement with LMR Partners Limited (the "Investor" or "LMR"), a global multi-strategy investment fund, pursuant to which the Investor will purchase from the Company a convertible note with a principal amount of US$30 million, convertible into American depositary shares ("ADSs") representing the Company's ordinary shares. Concurrently, the Company and the Investor entered into a derivative arrangement with respect to the ADSs.

NaaS Technology Inc. Announces US$30 Million Private Placement of Convertible Note

New York, June 28, 2023 (GLOBE NEWSWIRE) -- NaaS Technology Inc. (NASDAQ: NAAS) , the first U.S. listed EV charging service company in China, disclosed Environmental, Social and Governance (ESG) performance for 2022. The Company reduced carbon emissions by 1,847,700 tons, an increase of 106.22% compared with 896,000 tons in 2021.

NaaS 2022 ESG report highlights 1.8 million tons carbon emission reduction, a YoY increase of 106%

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BEIJING , June 27, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, announces that it has released the "Environmental, Social and Governance (ESG) Report 2022" (hereinafter referred to as the "Report"), which disclosed the Company's ESG performance for 2022. This report covers the data and achievements of the Company in four areas: green and low-carbon operation, technological innovation, protection of employees' rights and interests, and commitment to community welfare.

NaaS Technology Inc. Releases its 2022 ESG Report

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