NaaS Technology ADR Stock Price, News & Analysis

NaaS Technology Inc. (Nasdaq: NAAS), China's first U.S.-listed EV charging service company, has announced its participation in three major investor conferences in February 2025. The company will attend the Western Securities Listed Companies Spring Investor Conference in Shenzhen on February 25, followed by two conferences in Shanghai on February 27: the Sealand Securities 2025 Spring Strategy Conference and the GF Securities Listed Companies Spring Investor Conference.

Investors interested in meeting with NaaS management can arrange one-on-one meetings through their event representatives or by contacting the NaaS investor relations team directly at ir@enaas.com.

NaaS Technology Inc. (NAAS), the first U.S.-listed EV charging service company in China, has announced a $10 million share repurchase program approved by its Board of Directors. The program will run from February 21, 2025 through February 2026.

The company may execute the repurchases through various means, including open market transactions at prevailing market prices, privately negotiated transactions, and block trades. The Board will conduct periodic reviews of the program and may adjust its terms and size accordingly.

NaaS Technology Inc. (Nasdaq: NAAS), China's first U.S.-listed EV charging service company, has announced its participation in two major investor conferences in February 2025. The company will attend the Zheshang Securities 2025 Q1 Institutional Investment Conference on February 13, 2025, and the Founder Securities 2025 Listed Companies Investor Forum themed 'Walking with the Spring Breeze, Embarking on a New Journey' on February 20, 2025. Both events will take place in Shenzhen, China.

Investors interested in meeting with NaaS management during these conferences can arrange one-on-one meetings through their event representatives or by contacting the NaaS investor relations team at ir@enaas.com.

NaaS Technology Inc. (NAAS) reported significant growth in its charging service business for 2024, adding approximately 6.4 million new registered users. Through its Kuaidian platform, total registered users reached nearly 19 million, representing over 60% of China's NEV owners, based on the country's total 31.4 million NEVs reported by year-end 2024.

The company has connected nearly 1.15 million chargers as of September 30, 2024, accounting for 35% of China's public charging infrastructure. With China's NEV sales penetration rate reaching 52% in November 2024, NaaS is expanding its interconnectivity business through partnerships with auto OEMs, third-party platforms, and charge point operators to meet growing demand for charging solutions.

NaaS Technology Inc. (NAAS) has completed China's first carbon emission reduction credit transaction in the EV charging sector, selling 1,962 tons of carbon emission reductions in partnership with Hubei Zhongtan Asset Management. The credits were generated between September 24 and October 29, 2024, through the Kuaidian platform.

The company launched an industry-first EV charging carbon account system that allows users to track and redeem carbon points earned from charging activities. Through the Kuaidian app and related platforms, users can authorize their accounts to participate in green mobility initiatives and earn rewards like charging fee discounts. As of June 30, 2024, over 800,000 users have opted for carbon accounts on the platform.

NaaS Technology Inc. (Nasdaq: NAAS), a leading Chinese EV charging service provider, has announced the cancellation of its Annual General Meeting (AGM) that was scheduled for January 25, 2025, in Beijing. The company's Board of Directors made this decision after careful consideration, deeming it in the best interest of the company and its shareholders. The meeting was originally planned to take place at Meeting Room 208, Grand Skylight Yue Hotel in Beijing's Daxing District. NaaS has indicated that information about rescheduling or alternative actions will be communicated at a later date.

NaaS Technology Inc. (NAAS) reported significant charging network expansion in Q4 2024, with newly connected chargers increasing over 50% compared to Q3 2024. Notably, 70% of new additions were DC fast chargers. The company strengthened its position through strategic partnerships, including collaborations with a regional charge point operator in Fujian Province and State Grid of China's Hebei EV Charging Service Company.

The expansion demonstrates NaaS's focus on advancing charging interconnection and increasing supply-side coverage. The company reported consistent gross take rate increases over four consecutive quarters, indicating improved operational efficiency and service quality. These developments aim to enhance the company's market position in China's EV charging sector and support sustainable financial profitability.

NaaS Technology Inc. (NAAS) has expanded its charging network to cover 360 cities in China by the end of 2024, representing over 50% of China's total 694 cities. Approximately 170 of these cities saw charging volume increase by more than 50% in 2024 compared to 2023.

On the supply side, NaaS connected nearly 1.15 million chargers as of September 30, 2024, representing about 35% of China's total public charging infrastructure. The company has strengthened its demand-side operations through partnerships with major automotive brands including BYD's sub-brands, NETA, IM Motors, Hongqi, and FAW-Volkswagen.

The company reported a record high gross margin of 57% for Q3 2024, reflecting successful implementation of its core charging services strategy and technological advancements.

NaaS Technology (Nasdaq: NAAS), China's first U.S.-listed EV charging service company, has announced its participation in the Huachuang Securities 2025 Annual Strategy Conference. The event will take place in Shenzhen, China on Wednesday, January 8, 2025, with NaaS's session scheduled for 1:30 p.m. Beijing Time.

Investors interested in connecting with NaaS management can arrange one-on-one meetings through their event representative or by contacting the company's investor relations team at ir@enaas.com.