NaaS Technology Inc. (NASDAQ: NAAS), recognized as the pioneering electric vehicle charging service company publicly traded in the U.S. and operating within China, disclosed that by the close of 2024, it had successfully expanded its services to encompass 360 cities across the nation, covering over half of China's urban areas.
Within this extensive network, approximately 170 cities witnessed a notable surge of 50% or more in charging volumes facilitated via the NaaS platform in 2024, relative to the figures recorded in the preceding year.
As of September 30, 2024, NaaS had integrated nearly 1.15 million charging stations into its system, which constitutes about 35% of China's public charging facilities.
Strategic alliances with leading electric vehicle manufacturers, such as BYD's sub-brands (Dynasty, Ocean, and Fang Cheng Bao), NETA, IM Motors, Hongqi, and FAW-Volkswagen, have been pivotal in providing EV drivers with a comprehensive and dependable charging network throughout China, ensuring they have access whenever required.
Currently, NaaS shares are priced at $1.55 on the Nasdaq, reflecting a decrease of 1.89% or $0.03.
The material has been provided by InstaForex Company -
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