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 Inc. (NASDAQ: NAAS) is described in its public communications as the first U.S.-listed EV charging service company in China and a provider of new energy asset operation services. The news flow around NaaS highlights its role in technology-enabled EV charging, capital markets activity, governance developments, and sustainability initiatives.
On this page, readers can find company-issued news such as announcements of annual general meetings and extraordinary general meetings, where shareholders consider changes to authorized share capital, amendments to the memorandum and articles of association, and other corporate actions. NaaS also reports on adjustments to its American depositary share (ADS) ratio, which affect how many Class A ordinary shares each ADS represents and have the same effect as reverse ADS splits.
Regulatory and listing-related updates are another key category of NaaS news. The company has disclosed Nasdaq notifications regarding minimum market value of listed securities and late filing of its annual report on Form 20-F, as well as subsequent confirmation that it regained compliance with the minimum market value requirement. These items are important for investors tracking the company’s continued listing status on the Nasdaq Capital Market.
NaaS’s news also covers sustainability and carbon-related projects. The company has reported carbon-inclusive credit transactions tied to EV charging scenarios and the use of its own carbon asset trading platform, as well as recognition such as the 2025 Sustainable Consumer Engagement Award from the British Chamber of Commerce Shanghai. Together, these updates provide insight into how NaaS combines EV charging services, digital platforms, capital structure changes, and ESG-focused initiatives.
Investors and observers can use this news feed to monitor NaaS’s corporate actions, regulatory disclosures, and sustainability-related developments over time.
NaaS Technology Inc. (Nasdaq: NAAS), the first U.S.-listed EV charging service company in China, has announced it will release its unaudited financial results for the third quarter ended September 30, 2024 before U.S. market opens on November 20, 2024. The company will host an earnings conference call at 8:00 AM U.S. Eastern time (9:00 PM Beijing/Hong Kong time) on the same day. Participants can join via dial-in numbers after online registration, and a live and archived webcast will be available on the company's investor relations website. A replay will be accessible until November 27, 2024.
NaaS Technology (Nasdaq: NAAS) has successfully launched the Zhejiang Province Charging Infrastructure Governance and Supervision Service Platform in collaboration with the Energy Bureau of Zhejiang Province. The platform, awarded to NaaS in December 2023, integrates the company's proprietary NEF system with government cloud resources to optimize EV charging infrastructure layout and operations. Notable operational improvements include a reduction in marketing expenses from 177% to 57% of revenue in Q2 2024, alongside 60% growth in registered users and 90% increase in transaction users.
NaaS Technology Inc. (Nasdaq: NAAS), the first U.S.-listed EV charging service company in China, announced that its Chief Financial Officer, Steven Sim, will participate in UBS's Charging Industry Call Series. The online event, titled 'Charged Up: Inflection of Earnings,' will be moderated by UBS's Head of China Auto Research, Wei Shen, and is scheduled for November 4, 2024, at 5:00 p.m. Beijing Time. Interested investors should contact their UBS institutional sales representative to join the event.
NaaS Technology Inc. (Nasdaq: NAAS) reported connecting approximately 1.15 million chargers to its charging network as of September 30, 2024, marking a 30% increase from the end of 2023. This growth surpassed the national average of 22% for the same period. The company's expansion is supported by AI-powered technologies and its Energy Fintech system, which enhance operational efficiency and enable predictive maintenance and strategic site selection. The company aims to improve the EV charging ecosystem through digital innovation and strategic partnerships.
NaaS Technology Inc. (Nasdaq: NAAS), the first U.S.-listed EV charging service company in China, has announced a strategic partnership with a leading regional charging station operator in Fujian Province. This collaboration will integrate over 100 charging stations and 1,600+ DC fast chargers into NaaS's strategic partner Kuaidian's charging service network, expanding NaaS's presence in major cities like Xiamen and Fuzhou, as well as smaller cities in the region.
The partnership aims to enhance charging facility interconnectivity, targeted traffic guidance, and seamless payments. Fujian Province has over 700,000 NEVs and 105,000 public charging piles as of August 2024, with Xiamen and Fuzhou experiencing robust growth in NEV penetration. NaaS continues to expand partnerships with prominent NEV brands and third-party platforms, while leveraging its AI-driven NEF system to improve charging operators' profitability.
NaaS Technology Inc. (Nasdaq: NAAS), the first U.S.-listed EV charging service company in China, has announced a strategic focus on its interconnectivity charging business. The company aims to leverage AI technology and industry partnerships to accelerate ecosystem development in China's rapidly growing EV charging industry.
NaaS is expanding its charging station network by attracting local operators with advanced AI-powered services. The company has introduced the NEF (NaaS Energy Fintech) system, which automates site selection and optimizes charging efficiency. NaaS is also expanding its user base by integrating services into car manufacturers' systems and partnering with third-party platforms.
In the first half of 2024, NaaS expanded partnerships with major enterprises and industry leaders, as well as prominent electric vehicle brands. The company's Kuaidian mobile app and in-vehicle smart systems enable EV owners to easily access NaaS charging stations.
NaaS Technology Inc. (Nasdaq: NAAS), the first U.S. listed EV charging service company in China, has joined the China ESG Alliance as the inaugural member from the electric vehicle charging sector. This strategic move underscores NaaS's commitment to advancing sustainable practices and enhancing green, low-carbon initiatives in the industry.
CEO Ms. Yang Wang emphasized that joining the alliance is a important step in driving sustainable practices across NaaS's operations, guided by their comprehensive GREEN strategy (Governance, Reinvention, Eco-consciousness, Empathy, and Nurture). This strategy reinforces their commitment to low-carbon operations and strengthens their market leadership in sustainable energy asset management.
NaaS's induction into the China ESG Alliance, alongside prominent companies like Microsoft, Lenovo, and Tencent, marks a significant milestone in its journey towards sustainability leadership in the EV charging industry. This membership is expected to enhance NaaS's credibility and market position as a sustainable investment choice in the global new energy sector.
NaaS Technology Inc. (Nasdaq: NAAS), the first U.S. listed EV charging service company in China, has announced a strategic partnership with IM Motors, an electric vehicle joint venture among Alibaba, SAIC Motor, and Zhangjiang Hi-Tech. This collaboration aims to expand NaaS's automotive ecosystem partnerships and provide IM Motors customers with access to a broader range of intelligent, efficient, and convenient charging options.
The partnership will enable platform interoperability and charging experience upgrades. IM Motors users can access real-time information about NaaS network charging stations through their app and in-car charging maps. The collaboration offers seamless, intelligent services with interoperable charging stations, plug-and-play capabilities, and one-touch payment solutions.
NaaS has established comprehensive charging service partnerships with major new energy vehicle manufacturers in China, including BYD, Geely, Hyundai, and others. Its AI-powered charging services now cater to over 150 new energy vehicle models.
NaaS Technology Inc. (Nasdaq: NAAS), the first U.S. listed EV charging service company in China, announced a significant leadership change. Mr. Alex Wu has resigned as President, Chief Financial Officer, and Director, effective August 9, 2024. The company has appointed Mr. Steven Sim as the new Chief Financial Officer, starting August 12, 2024.
Mr. Sim brings over 20 years of experience in Singapore, London, and mainland China. He holds an MBA from INSEAD and has worked at three of the Big Four accounting firms. His previous roles include Vice President of Finance at Sohu and CFO at Pintec Group, where he led the company's IPO process.
To ensure a smooth transition, Mr. Wu will continue in an advisory role until November 8, 2024. Ms. Yang Wang, speaking on behalf of NaaS, expressed gratitude for Mr. Wu's contributions and confidence in Mr. Sim's ability to drive growth for the company.
NaaS Technology Inc. (Nasdaq: NAAS), the first U.S. listed EV charging service company in China, has released its 2023 Environmental, Social and Governance (ESG) report. The report highlights NaaS's progress towards its long-term ESG goals, including:
- Achieving a carbon emission reduction of 3.29 million tons through new energy charging
- Procuring 305 million kWh of clean energy, accounting for 81.14% of total electricity consumption
- Scoring 60 points in the S&P Global Corporate Sustainability Assessment, ranking in the top 2% globally and second in the industry in China
The report also details NaaS's strategic initiatives in sustainability, technological advancements in autonomous charging solutions, and commitment to sound governance and employee development.
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