NaaS Technology (NAAS) has released an update.
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NaaS Technology Inc., the first U.S. listed EV charging service company in China, reported a significant net profit milestone in the third quarter of 2024, achieving a non-IFRS net profit of RMB20.6 million. The company credits its profitability to a strategic focus on its core charging services, which saw a 36% revenue increase year over year, and advancements in AI-driven technology for operational efficiency. With ongoing expansions in its charging network and strategic partnerships, NaaS is poised to leverage the growing demand for electric vehicle infrastructure in China.
For further insights into NAAS stock, check out TipRanks’ Stock Analysis page.
