NaaS Technology Announces 50% Growth In Q4 2024 EV Charging Network, 70% Are DC Fast Chargers; Strengthens Leadership With Key Partnerships In China

Benzinga·01/23/2025 13:39:05

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NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced a significant expansion of its charging network in the fourth quarter of 2024. The number of newly connected chargers in Q4 increased more than 50% compared to that of Q3 of 2024. Notably, over 70% of these new additions were DC fast chargers, reinforcing NaaS's commitment to accelerate fast-charging infrastructure.

This milestone growth highlights the effectiveness of NaaS's strategic initiatives, including the strong collaborations across the EV ecosystem. Most recently, key partnerships included a prominent regional charge point operator in Fujian Province and the State Grid Corporation of China's Hebei EV Charging Service Company. By working closely with charge point operators, auto manufacturers, and government entities, NaaS has not only expanded the network coverage of charging infrastructure, but also optimized operational efficiency and service quality. These initiatives have further solidified the Company's leadership position in China's EV charging market, ensuring a competitive edge in meeting the growing demand for fast and reliable charging solutions.

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