NaaS technology partners with Green Intelligent Link to provide one-stop charging services for commercial EVs

BEIJING, July 8, 2022 /PRNewswire/ — NaaS Technology Inc. (NASDAQ: NAAS, “NaaS,” the “Company”), one of the largest and fastest growing providers of electric vehicle charging services in China, announced that it has entered into a strategic partnership with intelligent connected car platform provider, Zhejiang Green Intelligent Link Co., Ltd. (“Green Intelligent Link”). Under the terms of the partnership, the two parties will provide one-stop charging solutions, including interconnection of charging piles and digital management of charging solutions for delivery and logistics fleets, in response to the needs of fast-growing electric vehicles (EVs). market.

Through the partnership, vehicle owners using the Green Intelligent Link platform through the NaaS one-stop charging solution will have access to a network of high-quality charging piles provided by Kuaidian, a NaaS partner. In addition, NaaS solutions will give vehicle owners using the Green Intelligent Link platform access to a wide range of services that include more convenient card-based top-up, balance distribution, charging order and invoicing. NaaS and Green Intelligent Link have already started implementing the charging pile interconnections as well as the order data and payment services for the intelligent charging scenarios. Once completed, the solutions will offer efficient, convenient and affordable charging services to commercial vehicle owners.

Geely Commercial Vehicles is the first commercial vehicle group in China to focus on ‘electricity’ and Farizon Auto is the first commercial vehicle brand in China to complete the multi-point layout for multi-energy systems and to provide electrical power options available across all product families. Green Intelligent Link, as one of the three platform companies under Farizon Auto, mainly focuses on urban delivery scenarios, with scenario-based customized fleet management service solutions at its core. The company provides Huilian Car Rental services, Huilian Car Service and Huilian Intelligent Control, seeking to provide customers with management services covering the entire lifecycle of EV delivery and logistics.

To achieve of China “two-carbon” targets, the transition to electric power is also taking place rapidly in the commercial vehicle market. Data from the China Association of Automobile Manufacturers (CAAM) show that from January to May 202288,000 commercial EVs were sold China, which is a 71.4% year-over-year increase, in contrast to a 41.9% decline in total conventional commercial vehicle sales. As for commercial EVs identified as being used for delivery in urban areas, 67,600 such vehicles were sold in the period from January to May 2022.

Currently, the number of logistics vehicles in of China urban areas are about 20 million, with new energy vehicles accounting for only about 3% of the total. With the comprehensive implementation of China VI vehicle emission standards, the share of electric-powered delivery vehicles is expected to gradually reach 30%-40% of all delivery vehicles in the next few years. During this transition period, pain points such as slow charging and lack of support facilities are challenges that will need to be addressed.

The collaboration between NaaS and Green Intelligent Link is expected to further improve the charging efficiency and serviceability of commercial EVs and overall improve the overall charging experience for vehicle owners. “Commercial electric vehicles are becoming a new area of ​​rapid growth,” said Yang Dong, Vice President of Geely New Energy Commercial Vehicle Group and General Manager of Green Intelligent Link. “Due to special vehicle scenarios, commercial EV drivers have a greater demand for maintenance services. For commercial EV operators, service is a core need and hence it becomes necessary to extend services along the entire value chain to meet drivers’ needs. Operators can also go a step further by implementing smart management through collaboration with all service providers along the entire value chain in combination with the application of digital tools.”

“With guidance and oversight from relevant Chinese policy authorities, the transition of commercial vehicles from gas to electric will continue to accelerate,” said Cathy Wang |, founder and CEO of NaaS. “NaaS is positioning itself as a ‘connector’ in the renewable energy sector. Through this partnership, we will connect commercial EV drivers to an interconnected nationwide charging network, which will further enable drivers to charge their vehicles, reduce costs and ensure sustainable growth of the commercial EV sector.”

With the rapid development of the renewable energy sector, the transition of adapting commercial vehicles from fossil fuel to electric power is changing from a “nice to have” to a “must have”. In response to this green transformation, commercial EV service platforms such as those provided by Green Intelligent Link and third-party charging service providers such as NaaS are working together to continuously improve operational services for commercial EVs and improve charging services in an effort to shared driving the large-scale application of such vehicles and contribute to carbon neutrality in transport.

About NaaS Technology Inc.

NaaS Technology Inc. is one of the largest and fastest growing providers of EV charging services in China. The company is a subsidiary of NewLink, a leading energy digitization group in China. NaaS provides a one-stop service for manufacturers and charging operators, OEMs, companies with their own delivery fleets, as well as fleet operators, with online, offline and non-electrical services covering the entire value chain of the EV sector. As of 2021, NaaS has connected 290,000 charging piles with an annual charging capacity of over 1,200 gigawatt hours, representing about 18% of of China public market for charging and eliminating 900,000 tons of carbon emissions per year. On June 13, 2022NaaS Technology Inc. was officially listed on NASDAQ under the stock code NAAS.

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