#China #Beijing #EV Charging #NaaS Technology #Xiaomi Auto

NaaS Technology and Xiaomi Auto: Shaping the Future of Smart EV Charging

In a significant development for the electric vehicle (EV) industry, NaaS Technology Inc., the first U.S.-listed provider of charging services in China, has announced a strategic partnership with Xiaomi Auto. This collaboration aims to enhance the smart EV charging ecosystem, leveraging both companies' strengths to provide intelligent and seamless charging solutions for EV owners across the nation.

Unlocking Seamless Charging Through Collaboration

This partnership promises to redefine the way electric vehicles are charged by integrating NaaS's extensive charging network with Xiaomi’s user-friendly app. Xiaomi Auto users will benefit from access to NaaS's comprehensive network through the Xiaomi Auto App and its in-vehicle charging navigation system. This integration is a step towards creating an intelligent end-to-end charging service, enhancing convenience and efficiency at charging stations.

Addressing Strong Demand in the EV Market

China's New Energy Vehicle (NEV) market is booming, with over 12 million units produced in 2024 alone, bringing the total to an impressive 31.4 million NEVs on the road. With EVs now making up more than 50% of new car sales, having robust and efficient charging solutions is more crucial than ever. The partnership allows both firms to respond to the increasing demand for quality after-sales service in the competitive automotive landscape.

Xiaomi Auto, as part of Xiaomi Group, has shown remarkable growth since its entry into the market, achieving over 135,000 vehicle deliveries since launching in 2024. This impressive figure underscores the growing consumer demand and the importance of efficient charging solutions to complement this growth.

Pioneering Smart Charging Solutions with Technology

NaaS Technology remains at the forefront of optimizing EV charging efficiency, primarily through its innovative AI-driven solutions. The company's approach includes intelligent demand-supply matching to improve the charging experience while boosting profitability for charging station operators. The NaaS Energy Fintech (NEF) platform is pivotal in this strategy, facilitating intelligent site selection, investment analysis, dynamic pricing, and automated operations management.

As of the third quarter of 2024, NaaS had connected nearly 100,000 charging stations, with over 1.15 million chargers in operation and more than 13 million registered users on its platform. This network not only enhances operational efficiency but also solidifies NaaS's position as a leader in the sector.

Statements from Company Leaders

To highlight the significance of this partnership, Yang Wang, CEO of NaaS, expressed, "This collaboration enhances the charging experience for our users, showcasing our dedication to innovation and user-focused solutions. We believe in leveraging digital intelligence to advance sustainable mobility in China."

Steven Sim, CFO of NaaS, commented, "Our partnership with Xiaomi Auto marks a significant step in expanding our charging network. By merging our advanced technology with Xiaomi’s infrastructure, we aim to create efficient services to meet the needs of today’s EV drivers."

Conclusion

The partnership between NaaS Technology Inc. and Xiaomi Auto is set to transform the electric vehicle charging landscape in China, combining technology and strategy to deliver enhanced user experiences. As both companies prioritize innovation and efficiency, this alliance holds great promise for the future of smart EV charging, ultimately contributing to a sustainable energy ecosystem in the automotive market. The ongoing evolution in EV infrastructure is critical as the world embraces cleaner energy solutions, and collaborations like this are crucial for driving the industry forward.