Chinese new energy service provider NaaS goes public on Nasdaq

Updated: June 14, 2022 Source: Belt and Road Portal
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Workers operate at the final assembly workshop of an automobile company in the new energy vehicle town of Jinhua City, east China's Zhejiang Province, Dec. 17, 2021. (Xinhua/Hu Xiaofei)

NaaS Technology Inc. (NaaS), a Chinese company engaging in new energy services, went public on the Nasdaq with the stock code of "NAAS" on June 11, reported China Securities Journal.

NaaS is one of the largest and fastest-growing new energy service providers in China, focusing on providing one-stop services to charging pile manufacturers, operators, etc., so as to make energy delivery more efficient.

NaaS is also an enterprise committed to carbon neutrality. According to an assessment report on the greenhouse gas emission reduction in the alternative travel by NaaS new energy vehicles issued by SGS, an international authoritative certification group, NaaS has realized an annual carbon emission reduction of 900,000 tonnes (metric tons).

Data show that by the end of 2021, the company's business has covered 288 cities and 290,000 charging piles which include more than 200,000 direct-current (DC) fast charging piles, accounting for 51 percent of China's public DC fast charging piles.

In 2021, NaaS received 55 million orders, with a charging capacity of 1.233 billion kilowatt-hours (kWh), accounting for 18 percent of the public charging capacity of electric vehicles in China in 2021.

Editor: Jiang Feifan