NaaS Technology Inc. Completes 21,000-Ton Carbon-Inclusive Credit Transaction with Strategic Partner Kuaidian, Advancing Monetization in Green Mobility

Rhea-AI Summary

NaaS Technology (Nasdaq: NAAS) completed a 21,000-ton carbon-inclusive credit transaction with strategic partner Kuaidian tied to EV charging in Wuhan on December 31, 2025. Using its self-developed carbon asset trading platform, NaaS provided end-to-end services including asset development, digital ledger management, certification, transaction matchmaking, and settlement.

The deal follows the company’s inaugural carbon credit transaction in January 2025 and is presented as a scalable model for commercializing carbon assets across the EV charging sector while supporting broader public participation in carbon neutrality initiatives.

Positive

• Completed 21,000-ton carbon-inclusive credit transaction in Wuhan
• Operated a self-developed carbon asset trading platform end-to-end
• Established a scalable, replicable model for EV charging carbon assets

Negative

• None.

News Market Reaction

+0.30% 9.4x vol

7 alerts

+0.30% News Effect

-27.5% Trough in 13 hr 21 min

+$107K Valuation Impact

$36M Market Cap

9.4x Rel. Volume

On the day this news was published, NAAS gained 0.30%, reflecting a mild positive market reaction. Argus tracked a trough of -27.5% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $107K to the company's valuation, bringing the market cap to $36M at that time. Trading volume was exceptionally heavy at 9.4x the daily average, suggesting very strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Carbon-inclusive credits: 21,000 tons NEV ownership: 36 million vehicles Share price: $3.37 +5 more

8 metrics

Carbon-inclusive credits 21,000 tons Carbon-inclusive credit transaction with Kuaidian in Wuhan

NEV ownership 36 million vehicles China new energy vehicle ownership as of end June 2025

Share price $3.37 Pre-news last close

52-week high $40.32 52-week price high before this news

52-week low $1.96 52-week price low before this news

Market cap $35,753,339 Equity value prior to this announcement

Today’s volume 2,245 shares Trading volume prior to publication

Average volume 32,365 shares 20-day average trading volume

Market Reality Check

Price: $3.05 Vol: Volume 2,245 is about 0.0...

low vol

$3.05 Last Close

Volume Volume 2,245 is about 0.07x the 20-day average of 32,365, indicating limited pre-news activity. low

Technical Price 3.37 is trading below the 200-day MA of 4.61, reflecting a prior downtrend.

Peers on Argus

NAAS slipped 0.58% with very light volume while key peers like NVVE (-7.27%), PT...

NAAS slipped 0.58% with very light volume while key peers like NVVE (-7.27%), PTLE (-2.03%) and TKLF (-1.31%) were mostly negative, suggesting stock-specific rather than coordinated sector momentum.

Historical Context

5 past events · Latest: Dec 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 10	Listing compliance	Positive	+2.0%	Regained compliance with Nasdaq minimum MVLS under Rule 5550(b)(2).
Oct 10	AGM approvals	Positive	+6.2%	Shareholders approved capital increase and charter amendments at AGM.
Sep 09	AGM announcement	Positive	+6.3%	Announced upcoming AGM and voting mechanics for shareholders and ADS holders.
Aug 27	ESG report	Positive	+8.1%	Released 2024 ESG Report with major carbon reduction and strong ESG ratings.
Jul 14	ADS ratio change	Negative	-16.2%	Announced 1-for-4 reverse ADS split via ADS ratio modification.

Pattern Detected

Across the last five news events, share price moves have aligned with the apparent sentiment of each announcement, including governance, ESG and capital-structure items.

Recent Company History

Over the past six months, NaaS has focused on compliance, governance, ESG and capital structure. It regained Nasdaq MVLS compliance in Dec 2025. Shareholders approved charter updates and capital changes at the Oct 10, 2025 AGM, following the AGM notice in Sep 2025. A 2024 ESG Report highlighted 3.22 million tons of carbon reduction and strong ratings. In Jul 2025, the company announced a 1-for-4 reverse ADS split. Today’s carbon-inclusive partnership expands on this sustainability and commercialization trajectory.

Market Pulse Summary

This announcement highlights NaaS’s push to monetize its sustainability capabilities through a 21,00...

Analysis

This announcement highlights NaaS’s push to monetize its sustainability capabilities through a 21,000-ton carbon-inclusive credit transaction using its carbon asset trading platform. It follows prior ESG milestones, including the 2024 ESG Report, and recent governance and capital-structure changes detailed in filings. Investors may watch how frequently similar transactions occur, the scale of future carbon-asset deals, and any further updates on trading platforms, partnerships, or equity-related transactions.

Key Terms

carbon-inclusive credit, carbon asset trading platform, digital ledger management, carbon asset management, +1 more

5 terms

carbon-inclusive credit financial

"completed a 21,000-ton carbon-inclusive credit transaction related to electric vehicle"

A carbon-inclusive credit is a tradable certificate that represents a verified reduction, avoidance or removal of greenhouse gases while accounting for all related emission sources across a product or activity’s lifecycle (for example direct emissions, purchased energy and supply-chain impacts). For investors it matters because these credits aim to give a fuller, more reliable picture of a project’s climate benefit—like a detailed receipt instead of a one-line total—helping assess climate-related risk, compliance exposure and the credibility of sustainability claims.

carbon asset trading platform technical

"NaaS leveraged its self-developed carbon asset trading platform to precisely identify"

A carbon asset trading platform is an online marketplace where units that represent reduced or avoided greenhouse gas emissions—such as carbon credits or emissions allowances—are listed, verified, bought and sold. Think of it like a stock exchange or online marketplace for coupons that prove someone cut pollution; investors watch prices there because they affect corporate costs, revenue opportunities, regulatory compliance and the financial impact of climate-related risks.

digital ledger management technical

"solutions covering carbon asset development, digital ledger management, certification"

Digital ledger management is the set of systems and practices used to create, store, organize and secure digital records of transactions, balances and ownership across a company or among multiple parties, often using shared ledgers such as blockchain or centralized databases. Investors care because reliable digital ledgers reduce errors and fraud, speed up settlement, lower operational costs and improve regulatory transparency — like a well-kept shared spreadsheet that makes financial activity trustworthy and easier to audit.

carbon asset management financial

"end-to-end carbon asset management solution from carbon asset planning and digital"

Carbon asset management is the practice of tracking, valuing and trading items tied to greenhouse gas emissions—such as carbon credits, pollution permits and investments in low-carbon projects—and adjusting a portfolio to account for those values and risks. It matters to investors because these assets can affect company costs, regulatory exposure and long-term returns; treating them like parts of a wardrobe helps: you rearrange, sell or buy pieces so your holdings fit new rules, prices and climate goals.

carbon neutrality regulatory

"creating a practical pathway for broader public participation in carbon neutrality"

Achieving carbon neutrality means a company balances the greenhouse gases it emits by cutting emissions and removing or offsetting the remainder, so its net contribution to atmospheric carbon is zero. Think of it like balancing a household budget: any emissions you can’t eliminate are “paid back” by projects that absorb or prevent the same amount elsewhere. Investors care because carbon-neutral commitments can reduce regulatory, operational and reputational risks, influence costs and access to capital, and affect long-term valuation.

AI-generated analysis. Not financial advice.

BEIJING, Dec. 31, 2025 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced that, in collaboration with its strategic partner Kuaidian, it has successfully completed a 21,000-ton carbon-inclusive credit transaction related to electric vehicle (EV) charging scenarios in Wuhan. This achievement builds on the Company's inaugural carbon credit transaction in January 2025, marking a significant breakthrough in the implementation of carbon-inclusion mechanisms within the green transportation sector at a regional level.

In this project, NaaS leveraged its self-developed carbon asset trading platform to precisely identify demand from carbon credit purchasers and provided end-to-end solutions covering carbon asset development, digital ledger management, certification application, transaction matchmaking, and settlement execution. Building on its nationwide charging network, AI capabilities, and carbon-inclusive service expertise, NaaS has established an end-to-end carbon asset management solution from carbon asset planning and digital asset management to closed-loop transaction execution. This achievement provides a scalable and replicable model for the large-scale commercialization of carbon assets within the EV charging sector, while also creating a practical pathway for broader public participation in carbon neutrality initiatives.

The transaction comes against the backdrop of China's steady advancement toward its "Dual Carbon" goals. Green mobility is a core area of emission reduction, and the EV charging market continues to reduce significant carbon emissions. As of the end of June 2025, China's new energy vehicle ownership surpassed 36 million, providing a solid foundation for promoting carbon-inclusion within the charging sector. This growing ecosystem has positioned EV charging as a key application scenario that combines scale advantages with broad public participation.

Yubo Zhai, General Manager of Sustainability at NaaS, stated, "China's electric vehicle charging market is expected to generate carbon assets on the scale of hundreds of thousands of tons in the coming years. NaaS is committed to strengthening our capabilities in green transportation carbon-inclusion. We will continue to optimize our carbon accounting models and digital platforms, and expand trading scenarios and partnership channels to support broader industry participation in the standardized development and efficient management of carbon assets."

About NaaS Technology Inc.

NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company is one of the leading providers of new energy asset operation services. The Company utilizes advanced technology to intelligently match charging supply with demand, offering electric vehicle users a seamless, efficient, and smart charging experience. Furthermore, NaaS empowers charging stations and charging station operators to optimize their operations, driving greater efficiency and enhancing profitability.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NaaS' goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China's EV charging industry and EV charging service industry and NaaS' future business development; demand for and market acceptance of NaaS' products and services; NaaS' ability to protect and enforce its intellectual property rights; NaaS' ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS' operation, fluctuations of the RMB exchange rate, and NaaS' ability to obtain adequate financing for its planned capital expenditure requirements; NaaS' relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS' filings with the SEC.

For investor and media inquiries, please contact:
Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com
Media inquiries:
E-mail: pr@enaas.com

View original content:https://www.prnewswire.com/news-releases/naas-technology-inc-completes-21-000-ton-carbon-inclusive-credit-transaction-with-strategic-partner-kuaidian-advancing-monetization-in-green-mobility-302651116.html

SOURCE NaaS Technology Inc.

FAQ

What did NaaS (NAAS) announce on December 31, 2025 about carbon credits?

NaaS announced completion of a 21,000-ton carbon-inclusive credit transaction in Wuhan with partner Kuaidian.

How did NaaS execute the 21,000-ton carbon transaction for NAAS shareholders?

NaaS used its self-developed carbon asset trading platform for asset development, digital ledger management, certification, matchmaking, and settlement.

Does the NAAS press release describe this transaction as scalable across China?

Yes; NaaS described the transaction as a scalable and replicable model for commercializing EV charging carbon assets.

What partner worked with NaaS on the December 31, 2025 carbon transaction (NAAS)?

The transaction was completed in collaboration with strategic partner Kuaidian.

How does this NAAS transaction relate to the company’s prior carbon activity?

It builds on NaaS’s inaugural carbon credit transaction completed in January 2025.

What areas of service did NaaS provide in the NAAS carbon-inclusive deal?

NaaS provided carbon asset planning, digital asset management, certification application, transaction matchmaking, and settlement execution.