On June 7, Founder and CEO of NaaS (NASDAQ: NAAS) Wang Yang was recognized as "Figure of the Year for National Electric Vehicle Charging and Battery Swap Industry 2023" in China at the 2nd Shanghai International Charging Pile and Battery Swapping Station Exhibition 2023 (CPSE 2023).

Founder and CEO of NaaS Wang Yang Recognized as “Figure of the Year for National Electric Vehicle Charging and Battery Swap Industry 2023" in China

The CPSE 2023, co-sponsored by Chongdian360.cn, Vehicle Charging and Battery Swapping 100 Association, Chinese Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA) and other organizations, granted this key award to reward industry pioneers of role model. In the past year, NaaS became China's first public EV charging stock on NASDAQ under the leadership of Wang Yang. With innovative technologies and business patterns, the company offers full spectrum charging service solutions together with its partners, contributing to promoting public charging service network construction, eliminating pain points within the whole industrial chain, and driving standardized management of charging services.

According to the data from the National Energy Administration of China, in 2022, the number of domestic charging infrastructure had reached 5.2 million, up 100% year-on-year. Public charging infrastructure grew by about 650,000 units, bringing the cumulative number to 1.8 million units. China has built the largest number and most widely distributed charging infrastructure network in the world. Despite the rapid penetration of new energy vehicles, China's public charging facilities are still confronted with many problems, such as the large supply-demand gap, unreasonable layout and non-standard market operation. The development potentials are still vast in the related infrastructure construction and operation management field, which may benefit all participants in the industrial chain.

As a new energy service provider, NaaS provides one-stop services covering the whole industrial chain, including charging station site selection consultation, software and hardware procurement, EPC, operation and maintenance, energy storage, PV projects, virtual power plants, and automatic charging robot. The company aims to improve industrial efficiency by leveraging digital technologies and AI. As of March 31, 2023, NaaS' charging service network had covered 55,000 charging stations and 575,000 chargers with a charging volume of 1.023 billion kWh, representing 21% of the public charging volume in China.

During CPSE 2023, NaaS showcased its intelligent charging piles, automatic charging robots, integrated PV-storage-charging solutions and many other offerings and industry solutions. The charging pile products range from high-power charging piles such as 160kW DC, 240kW DC and 480kW liquid cooling DC super fast charging models to European standard 7kW and 11kW AC models. NaaS has also demonstrated its independently developed automatic charging robots integrated with deep learning, 5G and V2X, SLAM and other underlying technologies. Car owners simply need to put an order via the phone with one click, then the charging robot will complete the whole process of automatic vehicle locating, precise parking, automatic docking, charging and undocking via mechanical arms, and automatic return and recharging, helping car owners recharge car battery anytime and anywhere.

Automatic charging robots independently developed by NaaS are unveiled at the exhibition

It was reported that the exhibition attracted more than 500 industry leading vehicle charging and battery swapping companies, and above 100 business executives and dozens of experts from colleges and universities to participate in, serving as an important platform to demonstrate the results and development tends of China's charging and battery swapping industry.

NaaS is committed to accelerating the green and low-carbon development of transportation energy. In 2022, NaaS' carbon emission reduction increased to over 1.84 million tons with a year-on-year growth of 106%. Since the beginning of this year, the company has continued to implement virtual power plants, PV-storage-charging integration and other business practices by increasing green energy supply and participating in peak load shifting for large power grids to enable energy efficiency improvement and carbon emission reduction.

Lately, NaaS wound up a new round of SPO, with Dr. Adrian Cheng, the third scion of the Cheng Yu-tung family, one of the four families of Hong Kong, and CST Group, an established HK-listed company (00985. HK), as its new strategic investors.