Naas Technology Inc. Completes China's First Carbon Emission Reduction Credit Transaction in EV Charging Space, Pioneering Opportunities in Sustainable Mobility

BEIJING, Jan. 30, 2025 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, recently announced successful completion of China's first-ever carbon emission reduction credit transaction in the electric vehicle (EV) charging arena. In partnership with Hubei Zhongtan Asset Management Co., Ltd. ("Zhongtan Asset Management"), NaaS facilitated the sale of 1,962 tons of carbon emission reductions generated from EV charging adoption. This milestone transaction establishes a new benchmark in deploying green mobility and advancing carbon neutrality.

Since 2021, NaaS has been at the forefront of integrating carbon reduction into EV charging sector. The Company launched its industry-first EV charging carbon account, enabling EV users to track and redeem carbon points earned from daily charging activities. These carbon credits, including 1,962 tons generated between September 24 and October 29, 2024, were collected via Kuaidian platform, NaaS's strategic partner. Through the Kuaidian app, mini-programs, and third-party portals, EV users can authorize their accounts to engage in green mobility initiatives. This process allows users to accumulate carbon reduction points that can be redeemed for incentives such as charging fee discounts, generating a positive closed-loop ecosystem of green mobility and carbon reduction transactions to further motivate EV users. As of June 30, 2024, over 800,000 users have selected carbon accounts, showcasing the platform's leadership in contribution to environmental sustainability.

Ms. Yang Wang, Chief Executive Officer of NaaS, commented: "Our execution of this inaugural transaction proves the viability and the market potential of EV charging carbon credits for our current and potential users. By leveraging our scalable platform and partnerships, we are driving business growth while combating climate changes. Looking ahead, NaaS remains committed to expanding our carbon reduction initiatives and accelerating the adoption of green mobility solutions. With significant growth potential in EV charging carbon credits, we are poised to play a key role in leading transportation decarbonization and advancing China's carbon neutrality targets for environmental protection."

About NaaS Technology Inc.

NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company provides one-stop solutions to energy asset owners comprising charging services, energy solutions and new initiatives, supporting every stage of energy assets' lifecycle and facilitating energy transition.

Safe Harbor Statement

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