Nenglian ZhiDian intensifies its strategic focus on interconnection and charging services, enhancing the industry's supply and demand ecosystem construction

With the rapid increase in the number of electric vehicles and charging capacity, the market's demand for optimizing charging resource allocation through AI technology is becoming increasingly strong. NaaS Tech (NAAS.US) recently announced that it will increase its strategic focus on interconnected charging services, leverage its advantages in artificial intelligence (AI) technology, collaborate with industry partners, improve the ecological construction of the electric vehicle charging industry on both the supply and demand sides, and drive the industry to better align with the high-speed growth trend of China's electric vehicle industry.

In the first half of this year, NaaS Tech added new cooperative electric vehicle brands including those under BYD such as Wangchao, Haiyang, and Fangchengbao, as well as Nezha, IM Motors, and ZEEKR. It also added multiple third-party cooperative platforms, covering various channels such as digital map suppliers, commercial vehicles, passenger vehicles, and after-sales services, to achieve interconnected charging services. Vehicle owners can easily find charging stations connected by NaaS Tech, check real-time charging prices and equipment status, and start charging or make payments with just one click.

Wang Yang, the founder and CEO of NaaS Tech, stated: "With the rapid expansion of China's new energy vehicle market, the experience and efficiency of charging services may become bottlenecks limiting future industry growth. NaaS Tech is strategically increasing its focus on interconnected charging services, using AI technology to innovate intelligent matching of charging supply and demand to meet the urgent needs of both sides, promote a comprehensive upgrade of China's charging infrastructure, and thus drive the high-quality development of the entire charging ecosystem."

"The demand for electric vehicle charging services in China is surging. In the first half of 2024, national charging volume increased by 40% year-on-year. In August, the penetration rate of new electric vehicle sales in the country reached 53.9%, accounting for 7.4% of the total automobile market. This has brought significant opportunities to the company," said Steven Sim, CFO of NaaS Tech.

During this year's National Day holiday, electric vehicle travel and charging volume in China reached a new historical high. Statistics released by the National Energy Administration show that from October 1st to October 7th, the total number of electric vehicle charges on highways in the country reached 3.1 million times, with a daily average charging volume of 10.31 million kilowatt-hours, 2.4 times higher than usual and an 80% year-on-year increase. The rapid increase in the number of electric vehicles and charging capacity has further exacerbated the inefficiency of matching charging supply and demand, making the optimization of charging resource allocation through AI technology increasingly urgent.

Last year, NaaS Tech introduced the NEF (NaaS Energy Fintech) system. This system analyzes driving patterns, user behaviors and demands, evaluates factors such as location and traffic, and uses machine learning to recommend the best locations, thus fully automating site selection. The NEF system plays a crucial role in the daily operation of charging stations, enabling predictive maintenance of hardware and connectivity management through AI algorithms. More importantly, the NEF system dynamically adjusts pricing based on real-time charging demand and power supply, enhancing the profitability of charging operators and maximizing site revenue.

Driven by this, in the first half of 2024, NaaS Tech signed new cooperation agreements with large central state-owned enterprises such as Southern Power Grid and Ideal Supercharge, as well as industry-renowned enterprises. NaaS Tech will continue to expand the platform's charging network coverage and demand-side user base through extensive cooperation with new energy vehicle manufacturers, local operators, and other industry participants