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NaaS Technology ADR - NAAS STOCK NEWS

Welcome to our dedicated page for NaaS Technology ADR news (Ticker: NAAS), a resource for investors and traders seeking the latest updates and insights on NaaS Technology ADR stock.

NaaS Technology ADR (NAAS) is a leader in China’s electric vehicle charging sector, leveraging AI and its proprietary NEF system to optimize charging infrastructure. This page provides investors and industry professionals with timely updates on the company’s operational milestones, strategic initiatives, and market developments.

Access official press releases, earnings reports, and analysis of NAAS’s innovations in energy fintech and digital solutions. Track key announcements including partnerships with regional operators, advancements in neural network algorithms, and expansions aligned with China’s sustainable mobility goals.

Discover updates on NAAS’s role in enhancing EV ecosystem interconnectivity, dynamic pricing models, and government collaborations. Content is curated to support informed decision-making while maintaining compliance with financial disclosure standards.

Bookmark this page for a centralized source of verified NAAS news, or check back regularly for insights into one of China’s most innovative EV charging service providers.

News

NaaS Technology Inc. Reports Unaudited 2023 Second Quarter and First Half Financial Results

Rhea-AI Summary
NaaS Technology Inc. announces Q2 and H1 2023 financial results, showing significant growth in charging volume, transaction value, and number of orders. Revenues increased by 121% YoY in Q2 and 132% YoY in H1. Net loss decreased by 94% YoY in Q2 and 92% YoY in H1. The company secured a RMB204 million energy storage order and established strategic collaborations with Hyundai Motor Group (China), PICC Real Estate Investment, and CR Capital MGMT. It also acquired Charge Amps for US$66.4 million. Completed US$70 million financing. Positive financial performance and strategic partnerships could positively affect the stock price.
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5.33%
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/C O R R E C T I O N -- NaaS Technology Inc./

Rhea-AI Summary
NaaS Technology Inc. reports Q2 and H1 2023 financial results, showing significant growth in charging volume, transaction value, and number of orders. Revenues increased by 121% in Q2 and 132% in H1. Net loss decreased by 94% in Q2 and 92% in H1. The company secured a RMB204 million order for energy storage solutions and established strategic collaborations with Hyundai Motor Group, PICC Real Estate Investment, and CR Capital MGMT. They also acquired Charge Amps for US$66.4 million and completed a US$70 million financing.
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5.33%
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NaaS Secures RMB204 Million Energy Storage Order, Pursuing Global Leadership in Integrated Charging and Storage Solutions

Rhea-AI Summary
NaaS Technology Inc. has signed strategic cooperation agreements with several enterprises to supply over 380 charging stations with energy storage equipment, with a total order value of RMB204 million. NaaS will design customized energy storage solutions for its partners and provide comprehensive services, including Energy Management Systems (EMS), Engineering, Procurement, and Construction (EPC) services. The company aims to complete the delivery of 500 sets of energy storage equipment by 2023.
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2%
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NaaS Technology Inc. to Report 2023 Second Quarter and First Half Unaudited Financial Results on September 8, 2023 Eastern Time

Rhea-AI Summary
NaaS Technology Inc. (Nasdaq: NAAS), the first U.S. listed EV charging service company in China, will report its unaudited financial results for Q2 and H1 2023 on September 8, 2023. The earnings conference call will be held at 8:00 AM U.S. Eastern time on the same day. Participants can register online to receive the dial-in information. A live and archived webcast will be available on the Company's investor relations website. A replay of the conference call will be accessible until September 15, 2023.
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-9.5%
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NaaS Technology Inc. Announces Closing of US$40 Million Private Placement of Convertible Note

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NaaS Technology Inc. announces completion of US$40 million convertible note purchase by LMR Partners Limited
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-9.5%
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NaaS Debuts at 2023 CIFTIS to Advance Global Transportation Energy Networks

Rhea-AI Summary
China's services trade sees rapid growth, reaching nearly CNY 6 trillion in 2022, a 12.9% increase from the previous year. NewLink and NaaS Technology Inc. set to showcase innovative products and digital energy solutions at the China International Fair for Trade in Services 2023. NaaS' charging volume and gross transaction value show significant YoY growth. NaaS expands globally through acquisitions and establishment of headquarters and offices in Europe and Southeast Asia. NewLink actively participates in international dialogue and collaboration. NewLink achieves a carbon emission reduction of 2.159 million tons in 2022, a 108% increase from 2021.
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NaaS Technology Inc. Announces US$40 Million Private Placement of Convertible Note

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NaaS Technology Inc. enters into a convertible note purchase agreement with LMR Partners Limited for $40 million
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-4.55%
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NewLink and NaaS Reach Strategic Partnership with CR Capital MGMT to Accelerate New Energy Infrastructure Development

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NewLink and NaaS Technology Inc. form strategic partnership with CR Capital MGMT to advance new energy initiatives and digital transformation in the energy sector.
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0.14%
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NaaS Technology Inc. Announces Plans to Acquire Swedish Leading EV Charging Infrastructure Supplier Charge Amps for $66.4 m

Rhea-AI Summary
NaaS Technology Inc. plans to acquire Charge Amps AB for SEK 724 million, expanding their global presence in the EV charging market. Charge Amps has a 22% local market share and a strong international footprint. The European market is expected to sell nearly 62 million EVs by 2030, creating a demand for charging infrastructure. The acquisition will strengthen NaaS' position in the EV charging space and bring value to shareholders.
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1.88%
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NaaS Technology Inc. to Acquire Charge Amps

Rhea-AI Summary
NaaS Technology Inc. to acquire Charge Amps for $66.4 million, expanding into the international market. Optimistic about EV penetration in Europe. Acquisition expected to bring value to shareholders.
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NaaS Technology ADR

Nasdaq:NAAS

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NAAS Stock Data

6.30M
33.87M
10.69%
6.26%
Specialty Retail
Consumer Cyclical
Link
China
Beijing