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NaaS Technology Inc. Achieves Strong Demand-side Growth in Charging Service Business, Covering Over 60% of China's NEV Owners

1. NaaS adds 6.4 million users, reaching 19 million total in 2024. 2. The expansion covers over 60% of China's NEV owners.

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FAQ

Why Bullish?

The user growth indicates strong market demand, similar to EV infrastructure trends boosting stock prices previously.

How important is it?

The significant user growth directly impacts NaaS's market position and potential future earnings.

Why Long Term?

Sustained user expansion can lead to revenue growth over time, enhancing long-term valuation.

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KuaidianTSLAXPEVNIO
BEIJING , Feb. 6, 2025 /PRNewswire/ -- 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.

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