NaaS Technology Expands EV Charging Interconnectivity In China, Adds 6.4M Users In 2024, Now Serving 19M Via Kuaidian Platform, Covering 60% Of NEV Owners; Connected 1.15M Chargers, Representing 35% Of China's Public Charging Infrastructure

NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced substantial expansion in its charging interconnectivity business, adding approximately 6.4 million new registered users in 2024. As of December 31, 2024, the total registered users through NaaS's strategic partner, the Kuaidian platform, reached nearly 19 million, covering over 60% of China's new energy vehicle (NEV) owners. This estimate is based on data from China's Ministry of Public Security, which reported 31.4 million NEVs in the country by the end of 2024.

With China's sales penetration rate of NEV hitting 52% in November 2024 and projected to continue to climb in 2025, demand for intelligent and efficient charging solutions continues to accelerate. NaaS is accelerating its interconnectivity expansion by deepening both demand and supply-side partnerships with auto OEMs, third-party online platforms, and charge point operators. As of September 30, 2024, NaaS had connected nearly 1.15 million chargers, representing 35% of China's public charging infrastructure. Through multi-faceted collaborations, NaaS is reinforcing its commitment to delivering scalable and high-quality charging solutions. By continuously expanding network coverage and optimizing service efficiency, the Company is streamlining EV charging, making it more accessible, seamless, and dependable for the rapidly growing NEV user base.