NaaS Technology Inc. announced a strategic emphasis on its interconnectivity charging business, leveraging AI technology and industry partnerships. This initiative aims to accelerate ecosystem development on both the supply and demand sides of China's rapidly growing electric vehicle charging industry. The company is strategically poised to meet urgent demand, prioritizing expansion and advancement across the charging ecosystem.
NaaS is expanding its charging station network by attracting local operators with advanced AI-powered services, including the NEF (NaaS Energy Fintech) system. This system automates site selection by analyzing driving patterns, user behavior, and demand, and utilizes AI algorithms for predictive maintenance and dynamic pricing adjustments. These capabilities enhance the profitability of charge point operators by maximizing station revenue.
The company expanded partnerships in the first half of 2024 with major central and state-owned enterprises like China Southern Power Grid, Jiaotou Supercharge, CEGN, and Li Auto's supercharging stations. On the demand side, NaaS integrated its services into systems of prominent EV brands such as BYD's sub-brands, NETA, IM Motors, Hongqi, and Jiyue. New third-party automobile online platforms like Autohome, Tuhu Car Maintenance, Cao Cao Mobility, and Hello TransTech also connected to NaaS's network.
National charging volumes surged 40% year-over-year for the first half of 2024, with EVs accounting for 7.4% of the total auto market in August. NaaS aims to holistically upgrade China's charging infrastructure through AI innovation, optimizing the matching of charging supply and demand. This strategic focus positions NaaS to capitalize on the explosive demand for EV charging services in China.
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