NaaS(US:NAAS) Prnewswire·2024-10-10 12:00Core Insights - NaaS Technology Inc. is focusing on enhancing its interconnectivity charging business by leveraging AI technology and partnerships to develop the EV charging ecosystem in China [1][2] - The company aims to address the growing demand for EV charging services, which has surged by 40% year-over-year in the first half of 2024, indicating a significant market opportunity [2] - NaaS is committed to improving operational efficiency and user experience through AI-driven solutions, including the NEF system for optimizing charging station operations [3][4] Industry Growth - The Chinese new energy vehicle market is expanding rapidly, with EVs representing 7.4% of the total auto market as of August 2024 [2] - The demand for charging services is expected to continue growing, with many stations operating at full capacity during peak times such as the National Day holiday [2] Supply-Side Enhancements - NaaS is expanding its charging station network by attracting local operators through advanced AI-powered services [3] - The NEF system automates site selection and enhances profitability for charge point operators by enabling dynamic pricing adjustments based on real-time demand [3] Demand-Side Expansion - NaaS is increasing its user base by integrating services with car manufacturers and partnering with third-party platforms, including major EV brands and online automobile services [5] - Collaborations with platforms like Autohome and Tuhu Car Maintenance facilitate seamless interoperability, enhancing the charging experience for EV owners [5]