BEIJING – NaaS Technology Inc. (Nasdaq: NAAS), a pioneer in EV charging services in China, has successfully facilitated a significant 21,000-ton carbon credit transaction in Wuhan through its collaboration with strategic partner Kuaidian. This marks a pivotal step in the company’s ongoing efforts to integrate carbon-inclusion mechanisms within the burgeoning green transportation sector.
The transaction, which follows NaaS’s inaugural carbon credit deal in early 2025, underscores the company’s commitment to developing a robust ecosystem for carbon asset monetization within the electric vehicle charging landscape. NaaS deployed its proprietary carbon asset trading platform to orchestrate the entire process, from identifying buyer demand to managing carbon asset development, digital ledger maintenance, certification, transaction matchmaking, and final settlement. This end-to-end solution leverages NaaS’s extensive charging network, advanced AI capabilities, and specialized expertise in carbon-inclusive services. The model is designed to be scalable and replicable, paving the way for the broader commercialization of carbon assets in the EV charging industry and encouraging wider public participation in carbon neutrality initiatives.
This development aligns with China’s ambitious “Dual Carbon” goals, with green mobility identified as a critical area for emissions reduction. The rapid expansion of the EV charging market directly contributes to significant carbon emission mitigation. By the end of June 2025, China’s new energy vehicle fleet exceeded 36 million units, providing a substantial foundation for advancing carbon-inclusion strategies within the charging sector. This dynamic environment positions EV charging as a prime scenario for combining large-scale impact with broad public engagement.
“The Chinese electric vehicle charging market is poised to generate carbon assets on the order of hundreds of thousands of tons in the coming years,” commented Yubo Zhai, General Manager of Sustainability at NaaS. “NaaS is dedicated to enhancing our capabilities in green transportation carbon-inclusion. We will continue to refine our carbon accounting models and digital platforms, expand our trading scenarios and partnership channels, and foster broader industry involvement in the standardized development and efficient management of carbon assets.”
**About NaaS Technology Inc.**
NaaS Technology Inc. is the first U.S.-listed EV charging service company in China, operating as a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. As a prominent provider of new energy asset operation services, NaaS employs advanced technology to intelligently balance charging supply and demand, delivering a seamless, efficient, and intelligent charging experience for electric vehicle users. The company also empowers charging station operators to optimize their operations, enhancing efficiency and profitability.
**Forward-Looking Statements**
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements, identified by terms such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates,” and similar language, involve known and unknown risks and uncertainties. They are based on current expectations, assumptions, estimates, and projections about the Company and its industry. NaaS undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. While the Company believes its expectations are reasonable, actual results may differ materially from those projected due to various factors, including but not limited to NaaS’s strategies, future business development, financial conditions, its ability to innovate and adapt to industry changes, the growth of China’s EV charging sector, market acceptance of its products and services, intellectual property protection, its ability to attract and retain key personnel, global health crises like the COVID-19 pandemic and related government measures, U.S.-China trade relations, currency fluctuations, financing capabilities, relationships with stakeholders, industry competition, and general economic conditions. Investors are encouraged to review NaaS’s filings with the SEC for further details on these and other risks.
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