NaaS Technology and NHOA.TCC Join Forces to Revolutionize EV Charging Networks

NaaS Technology and NHOA.TCC Join Forces to Enhance EV Charging Infrastructure

NaaS Technology Inc. (Nasdaq: NAAS), a trailblazer in the electric vehicle (EV) charging service industry, recently announced a noteworthy strategic partnership with TCC Energy Storage Technology (Hangzhou) Co., LTD. (NHOA.TCC), a subsidiary of TCC Group Holdings. This collaboration signifies a pivotal movement towards enhancing the interconnectivity of EV charging solutions within China, focusing on innovative solar-charging applications.

The Essence of the Partnership

The partnership, formalized through a memorandum of understanding (MOU), aims to integrate cutting-edge solar-charging-storage solutions, driven by artificial intelligence (AI). By optimizing operational efficiencies and improving user experiences, both organizations are set on a path to revolutionize charging infrastructures amidst the rapidly expanding new energy vehicle (NEV) market in China.

TCC has steadily transitioned its business model, shifting from cement manufacturing to a green engineering enterprise that encompasses sustainable practices such as low-carbon construction materials and renewable energy initiatives. Their strategic acquisition of NHOA in 2021 further solidified their commitment to establishing a credible presence in energy storage and EV charging. With in-house research and development capabilities, TCC is uniquely positioned to innovate within the green energy space.

How the Collaboration Works

As part of this collaboration, NaaS will enhance its charging platform by integrating around 200 charging terminals located at the TCC Hangzhou C.F. KOO Building. These terminals will incorporate photovoltaic systems alongside energy storage solutions. With a comprehensive suite of services including user profiling, targeted marketing, order management, and payment solutions, NaaS aims to vastly optimize the user experience while enhancing the operational efficiency of these charging stations.

Central to this partnership is an intelligent operation management system based on AI. The NaaS Energy Fintech (NEF) system will facilitate real-time monitoring of charging operations, while also enabling dynamic electricity pricing. This system encompasses intelligent site selection, revenue assessments, and return on investment (ROI) calculations, fostering a seamless blend of innovative solar-charging technologies.

Industry Context and Future Prospects

The Chinese NEV market is witnessing unparalleled growth, as evidenced by sales analytics from the China Passenger Car Association (CPCA). Reportedly, in November 2024, retail sales of domestic NEVs reached an impressive 1.298 million units, reflecting an astounding year-over-year increase of 50.5%, marking a sustained penetration rate exceeding 50% for several consecutive months. This rapid expansion is propelling an increasing demand for reliable and innovative charging solutions.

Yang Wang, CEO of NaaS, expressed optimism regarding this partnership, emphasizing the collaborative efforts to boost charging operations while refining user experiences. By leveraging TCC’s advancements in solar and energy storage alongside NaaS’s AI capabilities, this partnership is not just about meeting current demands but also about setting the stage for future innovations in the EV charging ecosystem.

Steven Sim, CFO of NaaS, reiterated the commitment to integrating technology into scalable EV charging solutions. The integration of the NEF system offers new monetization avenues, aligning with the company's long-term financial strategy and reinforcing its competitive standing in the evolving EV charging landscape. This partnership not only promises operational enhancements but may also create sustainable value for shareholders and stakeholders alike.

Conclusion

NaaS Technology’s strategic collaboration with NHOA.TCC represents a significant step towards establishing a smart, integrated EV charging framework in China. With the seamless fusion of solar energy solutions and innovative technologies, the partnership is a compelling example of how cross-industry synergies can pave the way for sustainable energy transformations in a rapidly evolving market. Future initiatives from NaaS will likely focus on widely expanding its infrastructure, diversifying service scenarios, and enhancing the application of AI throughout the EV charging sector’s value chain.