NaaS Technology ADR Stock Price, News & Analysis

NaaS Technology (NAAS), China's first U.S.-listed EV charging service company, received a notification from Nasdaq on June 13, 2025, regarding non-compliance with minimum market value requirements. The company fails to meet the $35 million minimum market value requirement for continued Nasdaq Capital Market listing. NaaS has until December 10, 2025, to regain compliance by maintaining a market value above $35 million for at least 10 consecutive business days. Additionally, the company doesn't meet other listing requirements including maintaining $2.5 million in stockholders' equity and $500,000 in net income from continuing operations. While trading continues under "NAAS", failure to meet requirements by the deadline could result in delisting proceedings.

NaaS Technology (NASDAQ: NAAS), China's first U.S. listed EV charging service company, has received a non-compliance notice from Nasdaq on May 20, 2025, due to failing to file its 2024 annual report (Form 20-F) on time. While this notification doesn't immediately affect NAAS's Nasdaq listing, the company has 60 calendar days to submit a compliance plan. If Nasdaq accepts the plan, NAAS could receive up to 180 calendar days (until November 11, 2025) from the original due date to regain compliance. The company states it is working to complete and file the annual report as soon as possible.

NaaS Technology (Nasdaq: NAAS), China's first U.S.-listed EV charging service company, has been awarded the 2025 Sustainable Consumer Engagement Award by the British Chamber of Commerce Shanghai, emerging as the only EV charging service company recipient. The company's ESG achievements include ranking first in China's retail industry and seventh globally in S&P Global's 2024 Corporate Sustainability Assessment, scoring 72 points and placing in the top 1% globally.

NaaS introduced its GREEN strategy in 2024, focusing on Governance, Reinvention, Eco-consciousness, Empathy, and Nurture. As of September 30, 2024, the company's network encompasses over 96,000 charging stations and 1.146 million chargers, utilizing AI technology to optimize EV charging supply and demand while enhancing operator efficiency.

NaaS Technology, the first U.S.-listed EV charging service company in China, has implemented a significant change to its American Depositary Shares (ADS) ratio effective April 28, 2025.

Key changes include:

• The ADS ratio has been modified from 1:200 (1 ADS to 200 Class A ordinary shares) to 1:800 (1 ADS to 800 Class A ordinary shares)
• This change functions similarly to a one-for-four reverse ADS split
• The exchange process is automatic: 1 new ADS for every 4 previously-held ADSs
• JPMorgan Chase Bank acts as the depositary bank managing the exchange

While the ADS trading price is expected to increase proportionally following this change, NaaS has noted that there is no guarantee the new trading price will be exactly or greater than 4 times the previous price.

NaaS Technology Inc. (NAAS), the first U.S.-listed EV charging service company in China, has announced a significant change to its American Depositary Shares (ADS) ratio. The company will modify its ADS ratio from 1:200 to 1:800 Class A ordinary shares, effective April 28, 2025.

This adjustment will function as a one-for-four reverse ADS split, requiring ADS holders to exchange every 4 existing ADSs for one new ADS. JPMorgan Chase Bank will manage the exchange process, with fractional shares being aggregated and sold, with proceeds distributed to affected holders.

The company will continue trading on Nasdaq under the symbol 'NAAS'. While the ADS trading price is expected to increase proportionally, NaaS notes there's no guarantee the post-change price will be exactly four times the pre-change value. The change won't affect the underlying Class A ordinary shares structure.

NaaS Technology (Nasdaq: NAAS), China's first U.S.-listed EV charging service company, has announced its participation in the Huayuan Securities Spring Strategy Conference in Wuhan, China. The company's session is scheduled for March 20, 2025, at 3:30 p.m. Beijing Time.

Investors and stakeholders 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.

NaaS Technology Inc. (Nasdaq: NAAS) has announced a strategic partnership with Xiaomi Auto, integrating NaaS's extensive charging network with Xiaomi's electric vehicle ecosystem. Through this collaboration, Xiaomi EV owners will gain access to NaaS's nationwide charging network via the Xiaomi Auto App and in-vehicle navigation system.

The partnership comes amid China's booming NEV market, which saw production and sales exceeding 12 million units in 2024, with a total of 31.4 million NEVs on the road. Xiaomi Auto has delivered over 135,000 vehicles since its 2024 launch. NaaS has connected nearly 100,000 charging stations and 1.15 million chargers across China, serving over 13 million transaction users as of Q3 2024.

The collaboration leverages NaaS's AI-driven solutions and Energy Fintech (NEF) system for intelligent charging operations, including site selection, investment analysis, and dynamic pricing. NaaS has existing partnerships with major automakers like BYD, NIO, Li Auto, and XPeng.

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.