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CHINA, 13 June 2023: NaaS Technology Inc, a leading EV charging service company in China, has acquired 89.99% of Sinopower Holdings International Co. Limited, a leading rooftop solar PV developer in Hong Kong. The acquisition will allow NaaS to expand its operations into Hong Kong’s growing solar and EV markets.
Global reach of EV
Sinopower HK has developed and built over 600 solar energy projects in Hong Kong, including the HKEX building and the terminal building for the third runway of Hong Kong International Airport. The company has a strong track record in the rooftop solar PV market and is well-positioned to help NaaS grow its business in Hong Kong.
The acquisition is also a strategic move for NaaS as it seeks to expand its global reach. Hong Kong is a major financial and commercial center with a growing population and economy. The city is also a leader in renewable energy and has set ambitious targets for reducing its carbon emissions.
NaaS is well-positioned to capitalize on Hong Kong’s growing solar and EV markets. The company has a strong track record in the EV charging industry and has a nationwide network of charging stations. NaaS also has a strong financial position and is well-funded to support its growth plans.
The acquisition of Sinopower HK is a significant milestone for NaaS and will help the company to achieve its goal of becoming a leading global provider of EV charging and solar energy solutions.
Key Benefits of the Acquisition
- The acquisition will allow NaaS to expand its operations into Hong Kong’s growing solar and EV markets.
- Sinopower HK has a strong track record in the rooftop solar PV market and is well-positioned to help NaaS grow its business in Hong Kong.
- The acquisition is a strategic move for NaaS as it seeks to expand its global reach.
- Hong Kong is a major financial and commercial center with a growing population and economy.
- The city is also a leader in renewable energy and has set ambitious targets for reducing its carbon emissions.
- NaaS is well-positioned to capitalize on Hong Kong’s growing solar and EV markets.
- The company has a strong track record in the EV charging industry and has a nationwide network of charging stations.
- NaaS also has a strong financial position and is well-funded to support its growth plans.
NaaS Technology
NaaS Technology Inc. is a leading EV charging service company in China. The company provides one-stop EV charging solutions to charging stations comprising siting consulting, EPC, operation & maintenance, energy storage, PV, virtual power plant and autonomous charging robot, supporting every stage of the station lifecycle. In 2022, NaaS’ charging volume reached 2.75 billion kWh, representing 20% of the national total. As of March 31, 2023, NaaS had connected 55,000 charging stations and 575,000 chargers.
