NaaS Teams Up with Hyundai to Boost EV Charging Services and Business Ventures

NaaS (NASDAQ: NAAS), a leading EV charging service company, has partnered with the world's third-largest automaker, Hyundai Motor Group (China), to develop efficient charging management services for Hyundai car owners. The partnership will also empower potential EV charging businesses through the two companies' joint efforts.

Under the partnership, NaaS will provide Hyundai car owners with access to its extensive charging network of over 55,000 charging stations and 575,000 chargers. Hyundai car owners will be able to check charging and charger installation status in real-time through a smart service app or at the center console.

The partnership is a significant step towards boosting EV charging infrastructure in China. China is the world's largest EV market, and the demand for charging infrastructure is growing rapidly. The partnership between NaaS and Hyundai will help to meet this demand and make it easier for EV drivers to charge their cars.

"Charging facilities as a significant component of new infrastructure serves a crucial role in improving the penetration of EVs," said Wang Yang, Founder and CEO of NaaS. "Partnered with new energy industry chain players, NaaS will engage users in faster, easier and more cost-effective charging service, and work with Hyundai Motor Group (China) to spur the upgrade of charging services."

"China is the world's biggest and fastest-growing EV market," said Hyuk Joon Lee, President and Head of China Operations at the Hyundai Motor Group. "The country not only has outstanding performance in EV sales and quantity of charging infrastructure built but also excels in EV service quality. This will provide a valuable reference for Hyundai’s action of advancing EV service in the global market. Through cooperation with NaaS, Hyundai Motor Group will continue to improve and expand charging services to provide EV car owners with a more convenient and updated charging service experience."

The partnership between NaaS and Hyundai is a win-win for both companies. NaaS gains access to a large customer base of Hyundai car owners, while Hyundai gains access to NaaS's expertise in EV charging. The partnership is also a positive development for the EV industry as a whole, as it will help to make EV charging more accessible and convenient for drivers.

About NaaS

NaaS is a leading EV charging service company in China. The company provides a variety of charging services, including public charging, home charging, and workplace charging. NaaS also provides charging management solutions for businesses and government agencies.

About Hyundai Motor Group (China)

Hyundai Motor Group (China) is the China arm of the Hyundai Motor Group, one of the world's largest automakers. The company has a wide range of products, including cars, SUVs, and commercial vehicles. Hyundai Motor Group (China) is committed to providing its customers with the best possible products and services.