On February 20, NaaS Technology and Foshan Chancheng City Construction Group Co. Ltd. signed a strategic cooperation agreement at NaaS' headquarters in Anji, Zhejiang. The two parties will establish a joint venture with a planned investment of RMB 1 billion, focusing on new energy infrastructure investment management, in an effort to promote the construction and development of new energy infrastructure.

Under the agreement, NaaS and Chancheng City Construction Group will establish a joint venture in Chancheng District, Foshan City, with a planned investment of R RMB 1 billion. The joint venture will engage in various businesses including new energy infrastructure investment management (such as NEWLINKS, charging stations, PV projects and energy storage projects), infrastructure operation and maintenance services, and charging safety testing. Amidst the landscape, the collaboration between NaaS and Chancheg City Construction Group is set to open a new chapter in the construction of regional new energy infrastructure.

Leveraging the power of digital intelligence, both parties aim to promote win-win cooperation, accelerate the enhancement and development of the charging network, improve the travel experience of EV users, and inject new vitality into the sustainable development of the EV industry.