NaaS Technology ADR Stock Price, News & Analysis

NaaS Technology Inc. has partnered with ONTIME, a ride-hailing service, to enhance the charging experience for new energy vehicle drivers. This collaboration aims to facilitate the location of charging stations and improve charging efficiency through the ONTIME Driver app. Expected to launch in October, the service will provide drivers with discounted charging rates and seamless payment options. NaaS, one of the largest EV charging providers in China, operates in 358 cities and connects over 400,000 chargers. This partnership aims to support sustainable travel solutions in the Guangdong-Hong Kong-Macao Greater Bay Area.

Juniper Networks (NYSE: JNPR) has introduced new enhancements to its Network as a Service (NaaS) capabilities, optimizing the deployment and management of SD-WAN network services through its partners. These upgrades incorporate a microservices cloud, open APIs, and Mist AI to improve user experience and operational efficiency. The updates include a common portal with an AI-driven operations dashboard, streamlined subscription management, and new payment options that enhance flexibility for partners and clients. These advancements aim to boost Juniper's market share in campus and branch networking.

NaaS Technology Inc. (NASDAQ: NAAS) has signed a strategic cooperation agreement with Tunghsu Group to enhance the construction, operation, and maintenance of EV charging stations in China. This partnership aims to accelerate the development of the new energy vehicle charging industry, addressing the increasing demand as sales of new energy vehicles rise sharply. As of mid-2022, NaaS operates 44,000 charging stations across 358 cities and connects over 400,000 chargers. The cooperation supports China's 'Dual Carbon' goals, ultimately advancing the new energy ecosystem.

NaaS Technology Inc. (NASDAQ: NAAS) reported robust financial results for Q2 and H1 2022, showcasing significant growth in its electric vehicle (EV) charging services in China. Q2 2022 charging volume rose to 580 GWh, up 135% YoY, with gross transaction value reaching RMB 537.2 million (US$ 80.2 million), a 125% increase. Total gross revenues for H1 were RMB 108 million (US$ 16.1 million), a 90% rise YoY. However, the net loss increased to RMB 565.2 million (US$ 84.4 million) in Q2, largely due to one-off costs related to listing and share-based compensations. The company anticipates charging volumes to exceed 2,700 GWh for FY 2022.

NaaS Technology Inc. (NASDAQ: NAAS), a major electric vehicle charging service provider in China, will report its unaudited financial results for Q2 2022 on August 22, 2022, before U.S. markets open. A conference call will be held on the same day at 7:00 AM ET. NaaS, a subsidiary of Newlinks Technology Limited, has connected 290,000 charging piles, contributing to 18% of China's public charging market and reducing carbon emissions by 900,000 tons annually. The company began trading on NASDAQ on June 13, 2022.

NaaS Technology Inc. (NASDAQ: NAAS) has partnered with Li Auto to introduce a smart charging navigation system for electric vehicle (EV) owners in China, enhancing the charging experience. Scheduled for launch in Q3 2022, this system will allow drivers to easily locate charging stations via in-vehicle maps or the Li Auto app. NaaS boasts a network of 290,000 charging piles and accounted for 18% of China's public charging market in 2021, with 55 million charges delivered. This collaboration aims to optimize energy delivery and support the growing EV sector.

NaaS Technology Inc. (NASDAQ: NAAS) has signed a partnership with Ohways, a subsidiary of NavInfo, to enhance EV charging services in China. This collaboration aims to integrate smart mobility and digital power solutions for auto OEMs and EV users. It will facilitate easier access to charging stations through in-vehicle dashboards and mobile apps. The service is expected to launch within three months across major car brands such as Ford and Mercedes-Benz. NaaS currently operates 290,000 charging piles, accounting for 18% of China's public charging market.

NaaS Technology Inc. (NASDAQ: NAAS) has entered a strategic cooperation agreement with Beijing Jingcheng International Financial Leasing to develop technology and financing services for electric vehicle (EV) charging infrastructure. This collaboration aims to streamline financing for charging station operators in China, enabling the construction of charging stations through leasing options. By integrating their resources, both companies will enhance profitability and support the growth of the EV sector, which is projected to require 63 million charging piles valued at approximately 1.02 trillion yuan over the next decade.