NaaS Technology and TCC Form Dynamic Partnership for EV Solutions

NaaS Technology and TCC Form Dynamic Partnership for EV Solutions

NaaS Technology Inc. (NASDAQ: NAAS), a pioneering EV charging service provider, has embarked on an exciting new partnership with TCC Energy Storage Technology Co., Ltd. This collaboration is set to enhance charging interconnectivity and strengthen the infrastructure of electric vehicle (EV) services. Both companies aim to integrate solar-charging-storage solutions, utilizing advanced AI to improve operational efficiency.

Understanding the Strategic Memorandum

The memorandum of understanding (MOU) established between NaaS Technology and TCC Energy outlines a comprehensive strategy to deploy approximately 200 charging terminals at TCC's facility, equipped with cutting-edge photovoltaic and energy storage systems. NaaS will ensure an optimized experience for users by providing tailored services including user profiling, targeted marketing, and efficient payment solutions.

A Vision for Innovative Charging

This partnership comes at a crucial time as the demand for efficient EV charging solutions continues to rise amidst the boom in the NEV market. NaaS will implement its NEF (NaaS Energy Fintech) system for real-time monitoring of charging operations and dynamic electricity pricing, which will revolutionize how users interact with EV charging infrastructure.

TCC's Transformation Towards Sustainability

TCC has recently transitioned from a conventional cement manufacturing entity to a leader in green engineering. This shift towards sustainability encompasses three main branches: low-carbon construction materials, resource recycling, and renewable energy solutions. Their acquisition of NHOA further enhances TCC's capabilities by bringing in-house research, development, and manufacturing for energy storage solutions, particularly in the rapidly evolving landscape of EV charging.

AI-Driven Solutions in Action

The innovative collaboration will focus on deploying AI-driven management systems to streamline operations further. By using intelligent site selection strategies and robust revenue assessment tools, both NaaS Technology and TCC intend to not only improve their service offerings but to also create new monetization avenues for these growing energy solutions.

CEO Insights on Market Potential

Yang Wang, the CEO of NaaS, noted the rapid growth in the NEV sector, emphasizing the increases in vehicle sales and market penetration. This environment calls for innovative charging solutions that can keep pace with consumer demands. Ms. Wang remarked on the importance of their partnership, stating that the integration of AI technology with TCC's solar capabilities would significantly boost user experiences and operational efficacy across all touchpoints.

Financial Growth and Strategic Goals

Steven Sim, CFO of NaaS, expressed how this venture symbolizes their broader strategy to blend technology with scalable EV charging solutions. By harnessing the capabilities of the NEF system, NaaS aims to tap into new revenue streams while fulfilling their promise of delivering substantial returns to shareholders. As the EV market in China continues to flourish, NaaS Technology is strategically positioned to leverage opportunities in this dynamic sector.

About NaaS Technology Inc.

NaaS Technology Inc. stands out as the first U.S.-listed EV charging service company. Under the umbrella of Newlinks Technology Limited, a leader in energy digitalization, NaaS offers comprehensive charging services and energy solutions. Their commitment spans every phase of energy asset management, supporting developers and owners in navigating the evolving energy landscape.

Contact Information for Inquiries

For inquiries regarding investments or media relations, please reach out to: Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com

Media inquiries:
E-mail: pr@enaas.com

Frequently Asked Questions

What is the goal of the partnership between NaaS Technology and TCC?

The partnership aims to enhance interconnectivity of EV charging services using integrated solar-charging-storage solutions and AI technology.

How many charging terminals will be deployed under the MOU?

Approximately 200 charging terminals will be integrated into the TCC Hangzhou facility.

What technology will NaaS use to optimize charging operations?

NaaS will utilize its NEF (NaaS Energy Fintech) system for real-time monitoring, dynamic pricing, and operational analysis.

How has TCC evolved its business model?

TCC has transitioned from traditional cement manufacturing to a leader in sustainable energy solutions, focusing on renewable energy and energy storage.

What is the significance of this partnership for the EV market in China?

This partnership enhances the capability to meet growing consumer demands in the rapidly expanding NEV market in China, driving innovation and sustainability.

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