Science and Technology

NaaS Technology Joins Forces with CSG Hainan EV to Electrify China's EV Landscape

BEIJING, March 22, 2024 – NaaS Technology (NASDAQ: NAAS), a pioneer in the electric vehicle (EV) charging sector and the first U.S.-listed EV charging service company in China, has announced a strategic collaboration with China Southern Power Grid (Hainan) EV Service Co., Ltd. (CSG Hainan EV). This landmark cooperation is set to revolutionize the charging infrastructure and payment services in Hainan Province, propelling the region further ahead in its position as China's leader in EV adoption.

Embracing Enhanced EV Charging Infrastructure

Under the terms of the partnership, NaaS Technology and its strategic associate, Kuaidian APP, will integrate a total of 193 charging stations and 700 direct current (DC) chargers owned by CSG Hainan EV into a unified national charging service network. This integration is a significant milestone, providing EV owners in Hainan with state-of-the-art digital solutions for their charging needs. The innovative application enables users to efficiently locate charging stations in the vicinity, offering detailed information including pricing, specific location, and seamless navigation. Additional features like one-click charging and online payment streamline the user experience, offering unprecedented convenience.

A Tourist Haven with a Green Vision

Hainan Province is renowned not just as a hub for tourists and trade, but also for its exceptional commitment to sustainable transportation. In 2023, it boasted China's highest EV penetration rate at 50.8%. With 292,700 EVs on its roads and a car-to-pile ratio of 2.5:1, as per preliminary statistics from the Department of Finance of Hainan Province, the island stands out as a green transport leader.

The Digital Charge of CSG Hainan EV

Backing this green drive is CSG Hainan EV, a subsidiary of China Southern Power Grid committed to electrifying the province's transportation network. Concentrating on the digital transformation and platform development of its charging facilities, the organization is making significant strides in both the installation and operational management of charging stations. These efforts align with the broader goals of the "dual-carbon" strategy within the Hainan Free Trade Port.

NaaS Technology's Energy Ecosystem

NaaS Technology distinguishes itself as an avant-garde new energy asset operator, offering comprehensive services that span the entirety of the new energy industry chain. From providing site consultation to procuring cutting-edge software and hardware, undertaking engineering, procurement, and construction (EPC), to managing operations & maintenance, energy storage, photovoltaics, and even autonomous charging robots, NaaS encapsulates it all. The company is at the forefront of industrial efficiency enhancement by incorporating digital technologies and artificial intelligence into its offerings. A testament to its success, as of September 30, 2023, NaaS had connected an impressive 73,000 charging stations and 767,000 chargers. Notably, in the third quarter of 2023 alone, the charging volume it managed soared to 1.383 billion kilowatt-hours, accounting for 21.8% of the national total.

Expanding the National Reach

In an ongoing effort to enhance the connectivity of its charging network and its digital operations, NaaS has already established partnerships with charging station operators across various Chinese provinces, including Jilin, Guangdong, Shaanxi, and Fujian. These collaborations are critical in spreading its comprehensive EV charging service network across the nation, while simultaneously extending its digitalized operation services throughout the industry.

For anyone seeking additional information or wishing to engage with this innovative enterprise, you may reach out to:

Sabrina Wang
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About NaaS Technology Inc.

NaaS Technology Inc. represents a leap forward in the landscape of new energy services, pioneering the intersection of EV infrastructure and the digital realm. This collaboration with CSG Hainan EV underlines the company's unwavering commitment to sustainable development and its pivotal role in shaping the future of China's EV industry.

The collaboration unveiled by NaaS Technology and CSG Hainan EV is more than a standard corporate partnership. It represents a fusion of technological prowess and environmental consciousness, aimed at creating a blueprint for the future of sustainable transportation not just within Hainan but potentially for the whole of China. As the world continues to focus on reducing the environmental impact of transportation, the advancements and initiatives showcased in this alliance could very well serve as a model for global practices.

This new alliance brings to the forefront a vision of a connected, efficient, and green transportation infrastructure that aligns with the goals of the Chinese government's "dual-carbon" initiative. It marks a nod towards a future where technology and environmentally friendly practices go hand in hand to provide a seamless experience for the end user – the EV owner – who stands to be the ultimate beneficiary of this cooperation. With every integrated charging station and every kilowatt-hour of energy, NaaS and CSG Hainan EV are steering the EV market towards a future that is not only electric but also smart and interconnected.

As we consider the vast landscape of China's electric vehicle market, Hainan's position is undeniably strong, but what makes it particularly notable is the region's forward-looking approach. The province's move to embrace a significant EV penetration rate reflects its dedication to setting trends in sustainable development and its ambition to serve as a model for others to follow—both nationwide and globally.

This partnership also brings to light the comprehensive services offered by NaaS Technology, from initial consultations to the intricacies of ongoing operations. This approach is indicative of a company that understands the complexities of the new energy sector and is intent on offering solutions that encapsulate the full spectrum of customer needs. The wide range of services it provides is a testament to its expertise and its desire to push the boundaries in a rapidly evolving industry.

The consequent benefits from this synergy are wide-ranging and significant. For local EV owners in Hainan, they will now have access to a broader infrastructure network, making it easier and faster to charge their vehicles and continue their journey. For the industry, this partnership is a benchmark for cooperation and integration, demonstrating how the private sector can innovate in conjunction to create a robust, user-friendly charging ecosystem.

Moreover, this development is not just significant for the consumers and industry stakeholders but also paramount from an environmental perspective. By consistently amplifying the use of electric vehicles through an expanded and efficient charging infrastructure, CSG Hainan EV and NaaS Technology are actively contributing to the reduction in carbon emissions. This is a critical step towards achieving China's ambitious climate targets, paving the way for a more sustainable future.

The months and years to come will offer a clearer picture of the impact that such partnerships will have on the EV market and beyond. Nonetheless, what is undoubtedly clear today is that with initiatives like these, the path to a low-carbon, high-efficiency vehicle infrastructure is becoming more tangible and achievable.

Concluding this report on a visionary note, the progress in Hainan and the strategic moves by NaaS Technology and CSG Hainan EV illuminate China's commitment to a greener tomorrow. It is a pledge characterized not just by plans and prototypes but by action and implementation, reinforcing China's position as a leader in environmental innovation on the global stage.

In light of these developments, all eyes are certainly on NaaS Technology and its latest strategic partner, CSG Hainan EV, as they drive the EV market to new heights. The expansive reach of the NaaS charging network, coupled with the ever-improving digital functionalities, promises to revolutionize the user experience while supporting the broad climatic aspirations of the world's most populous nation. Indeed, an electrifying future awaits.

The inclusion of the 193 charging stations and 700 DC chargers is particularly noteworthy, as it reflects an understanding of the critical mass required to support a growing EV population. Similarly, the emphasis on digital solutions through the Kuaidian APP underlines a recognition of the modern consumer's digital savviness and their expectations for seamless, tech-driven services. As a result, the collaboration seems uniquely designed to meet the demands of the current era, providing an infrastructure that is not only environmentally sustainable but also aligns with the digital transformation happening across industries.

CSG Hainan EV's adoption of a digital-first approach in the development and management of its charging infrastructure demonstrates visionary leadership. In today's world, where data and connectivity are central to business efficiency and customer satisfaction, the company's strategy ensures that it remains at the cutting edge of the EV services market. This move underscores the importance of integrating traditional energy solutions with progressive digital technologies to create holistic service offerings that cater to all facets of the consumer experience.

As this detailed account comes to a close, it is clear that the ventures by NaaS Technology and CSG Hainan EV represent much more than mere strategic positioning. It is a confluence of innovation, sustainability, and customer-centric service design, which together are shaping the transportation landscape of tomorrow. Their shared venture is poised to become a cornerstone in China's journey towards a greener, more connected, and digitally savvy future.

For further press inquiries or information about NaaS Technology Inc. and their pioneering initiatives, please contact Sabrina Wang at Email Protected or visit the company's official source for updates: NaaS Technology Inc.