NewLink and NaaS Reach Strategic Partnership with CR Capital MGMT to Accelerate New Energy Infrastructure Development

Beijing, China, Aug. 25, 2023 (GLOBE NEWSWIRE) -- On August 24, a strategic partnership was forged between NewLink and NaaS Technology 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, and the innovative securitization of new energy assets. By expanding the scope of new energy business scenarios, this collaborative endeavor promises to invigorate green and low-carbon energy development.

Propelled by two economic engines – industry and capital – NewLink, NaaS and CR Capital MGMT are at the forefront of aligning with new development paradigms 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 concretely 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 contributions to the establishment of a novel energy framework characterized by green, low-carbon and sustainability.

For example, with predicted 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, leverage 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”.