NaaS Technology Launches Zhejiang Province Charging Infrastructure Governance Platform

Core Viewpoint - NaaS Technology Inc. has successfully launched the "Zhejiang Province Charging Infrastructure Governance and Supervision Service Platform," marking a significant step in enhancing EV charging infrastructure in China [1][2][3]. Group 1: Project Overview - The project was awarded to NaaS in December 2023 after a competitive bidding process, aiming to optimize EV charging infrastructure in Zhejiang Province [2]. - The Platform integrates NaaS's proprietary NEF (NaaS Energy Fintech) system, addressing critical needs such as layout optimization, service uniformity, and operational standards [2]. Group 2: Strategic Importance - Zhejiang Province is a leader in new energy vehicle ownership and public charging piles, making this initiative crucial for supporting the provincial government's goals of accelerating EV adoption [3]. - The Platform serves as a model for potential expansion into other markets, showcasing NaaS's capability to deliver scalable and financially viable technology solutions [3]. Group 3: Financial and Operational Impact - The deployment of the Platform is expected to enhance operational and financial performance, potentially unlocking new monetization opportunities [3]. - In Q2 2024, NaaS's marketing expenses were reduced to 57% of revenue from 177% in Q2 2023, indicating improved operational efficiency [3]. - The company reported a 60% increase in cumulative registered users and a 90% increase in cumulative transaction users during the same period, reflecting heightened user engagement [3].