We are initiating coverage on NaaS Technology Inc. (NAAS). NaaS is one of the largest and fastest-growing electric vehicle (EV) charging service providers in China. With the vision to empower the world with green energy, NaaS began offering EV charging services in 2019. NaaS operates the largest online third-party EV charging platform in China, as measured by the number of chargers connected and the charging volume processed through the platform in 2023.
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