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The third-party charging network operator NaaS announced its public offering of 50 million U.S. dollars in stock issuance

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The third-party charging network operator NaaS announced its public offering of 50 million U.S. dollars in stock issuance

May 04
21:37 2023

According to the announcement, China’s largest third-party charging network operator, NaaS, has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a public offering of 50 million U.S. dollars in stock issuance, which aims to further expand the network coverage of electric vehicle charging stations.

About NaaS Technology Inc.

NaaS Technology Inc. is one of the largest and fastest growing EV charging service providers in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company provides one-stop EV charging solutions to charging stations comprising online, offline EV charging and non-charging solutions, supporting every stage of the station lifecycle. Its carbon emission reduction is 1,847,700 tons, increase by 106% year over year.

As of March 31, 2023, NaaS had connected over 575,000 chargers and covered 55,000 charging stations. In the first quarter of 2023, charging volume transacted through Company’s network reached 1,023 GWh and gross transaction value reached RMB990.5 million. Up to now, NaaS accounts for 21% of China’s public charging volume. On June 13, 2022, the American depositary shares of the Company started trading on Nasdaq under the stock code NAAS.

Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

Media Contact
Company Name: NewLink Group, NaaS Technology Inc.
Contact Person: Hui Meng
Email: Send Email
Country: China
Website: newlink.com

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