NaaS Debuts at 2023 CIFTIS to Advance Global Transportation Energy Networks

Beijing, China, Sept. 04, 2023 (GLOBE NEWSWIRE) -- China's services trade has resiliently sustained rapid growth, emerging as a highlight of its high-standard opening-up endeavors. In 2022, the total volume of services imports and exports surged to nearly CNY 6 trillion, marking an impressive 12.9% upswing from the previous year. This substantial leap establishes a new record in scale, retaining its rank of second globally for nine years in a row, as confirmed by the country’s Ministry of Commerce. 

Against this backdrop, the China International Fair for Trade in Services 2023 (2023 CIFTIS) is set to unfold from September 2 to 6 in Beijing, China. Themed "Opening up leads development, cooperation delivers the future", CIFTIS serves as a global platform for enterprises to showcase their cutting-edge technologies, expand opening-up, deepen cooperation and guide innovation. A total of 51 countries, 24 international organizations, and over 2,200 entities have confirmed their participation, according to the official release.

NewLink and its subsidiary NaaS Technology Inc. (NASDAQ: NAAS), a leading EV charging service provider, is poised to make its premiere at the summit, are set to showcase their innovative products and digital energy solutions at the exhibition. Highlights will include the automatic charging robot, which was wholly designed in-house to streamline the charging process for the future EV ecosystem, and prototype testing and certification services provided for new energy enterprises aiming to be delivered overseas. To date, the certification network extends to over 500 testing laboratories globally and has been recognized by 22 overseas certification authorities. The company is also set to debut its extensive global footprint and accomplishments in the realm of ESG during the event. 

Caption: NewLink at the CIFTIS 2023 

In the process of global services trade, the new energy industry stands as the frontier of globalization -a theme that resonates worldwide. Precedence Research's data highlights that as of 2022, the global renewable energy market size reached USD 103.095 billion and is expected to elevate further to approximately USD 1998.03 billion by 2030.

The huge market potential has attracted heightened attention from an expanding array of global stakeholders, where NaaS seizes this opportunity well and makes prominent proceeds. As of March 31, 2023, NaaS’ extensive network has connected over 55,000 charging stations. In the first quarter of 2023, charging volume transacted through NaaS’ network reached 1,023 GWh, marking an increase of 112% YoY, while the gross transaction value transacted through NaaS’ network showed a leap of 107% YoY.