On August 24, a strategic partnership has forged between NewLink and NaaS Tecnology Inc. (NASDAQ: NAAS) with CR Capital MGMT, synergizing their distinct proficiency in capital and asset management as well as energy services. This collaboration sets the stage for joint initiatives encompassing the incubation, investment and operationalization of digital and intelligent applications within the realm of new energy. Furthermore, the two entities will align on the construction of integrated energy ports, the orchestration of new energy infrastructure projects, along with the innovative securitization of new energy assets. By expanding the scope of new energy business scenarios, this collaborative endeavor promises to invigorate the green and low-carbon energy development.
Qin Feng, General Manager and CEO of CR Capital MGMT (third from right), Dai Zhen, Founder and CEO of NewLink, Chairman of NaaS (third from left) and others witness the signing ceremony
Propelled by dual engines - industry and capital - NewLink and CR Capital MGMT are proactively at the forefront of aligning with the new development paradigm and the national strategy of "carbon peaking and carbon neutrality". This dynamic collaboration harnesses the combined potential of funding, industry, and market, aiming not only to explore more synergistic cooperative models but also to tangibly execute a series of new energy projects. In doing so, the partnership strives to actively shape the digital and intelligent transformation of the energy sector while making substantial contribution to the establishment of a novel energy framework characterized by green, low-carbon and sustainability.
For example, with potential demands for transformation and upgrading of charging infrastructure in various parking scenarios under CR management covering commercial property, residential community, enterprise or logistics park, CR Capital MGMT, in collaboration with NaaS, leverages their experience and advantages in EVs ‘PV-storage-charging-battery swapping’ infrastructure construction and operation, refueling and charging network coverage, to jointly promote the development of new energy charging business.
Qin Feng, General Manager and CEO of CR Capital MGMT stated, “CR Capital MGMT upholds the mission to incubate emerging industries and support industrial development, actively exploring the investment and ecosystem construction of strategic emerging industries. Teaming up with NewLink, a vanguard in energy digitalization, showcases the epitome of industry capital empowering business innovators. It will further fortify CR Capital MGMT’s layout in the new energy industry chain and fuel the eco-friendly and low-carbon transformation of China's transportation energy industry”.
Wang Yang, Co-founder and President of NewLink, Founder and CEO of NaaS, heaped praise on CR Capital MGMT’s foresight in advancing renewable energy transformation and low-carbon evolution of the energy landscape. “We expect to work with CR Capital MGMT to drive the digital and intelligent upgrade of energy infrastructure. Together, we hope to deliver sound and systematic solutions to promote the green and low-carbon progression of the energy industry, thereby contributing to enhancing the stability and efficiency of the global transportation energy network”, Wang said.
CR Capital MGMT, an affiliate of China Resources Group, is responsible for private equity investment and is the only operational management platform for the Group’s industrial funds. As of August 2023, CR Capital MGMT had over 200 investment projects under its management, worth more than CNY 120 billion. CR Capital MGMT focuses on the two major investment directions: people’s livelihood and key pillars for a great power. “People's livelihood" refers to the investment in the upstream and downstream industrial chain of China Resources Group, while "key pillars" refers to the investment in strategic emerging industries, including biotechnology, new energy, new information technology, intelligent manufacturing, new materials, semiconductors, and healthcare.
Originated in 2016, NewLink is an energy IoT solution provider and one of Chinese enterprises specializing in energy digitalization. In its seven-year journey, the company has devised a distinctive business model, known as "NewLink as Service". With scope of business covering the entire industry chain from energy supply chain, asset management to retail services, NewLink delivers a comprehensive suite of offerings, including refueling and charging solutions, to tens of billions of car owners and tens of thousands of enterprises. Rated as one of the Top 500 Global New Energy Companies and recognized as the esteemed China Unicorn/Global Unicorn, NewLink has been invited to share China’s pioneering practices in transportation energy digitalization at the UNFCCC COP for two consecutive years.
NaaS, an affiliate of NewLink, is China's first publicly-listed EV charging services provider. The company is committed to delivering one-stop industry chain services, covering from charging station site selection, consultation, software/hardware procurement, EPC engineering, operation and maintenance, energy storage, PV to autonomous charging robot. As of March 31, 2023, NaaS' charging service network covered 55k charging stations and 575k chargers. In the first quarter of 2023, NaaS' charging volume run at 1.023 billion kWh, representing 21% of the national total. On August 22nd, NaaS has announced plans to acquire Charge Amps AB, a European leading EV charging infrastructure provider, a landmark deal to remarks the start of the Company’s fully globalization.
