Recently, NaaS (NASDAQ: NAAS), jointly with its strategic partner Fleetin, has entered into a cooperation with DST to enable the interconnectivity of charging network. Now, owners of new energy commercial logistics vehicles can enjoy charging services via DST App and Fleetin App.

DST is a digital intelligent operation service provider for new energy commercial logistics vehicles. The company provides one-stop new energy logistics fleet rental and supports operation services for major express logistics and urban distribution companies. Its business scope covers new energy vehicle application solutions, supporting maintenance services and operation support. As of March 2023, DST owned more than 80,000 new energy logistics vehicles, with business covering over 200 cities and over 400 maintenance sites. The company serves over 5,000 company customers and 400,000 drivers, manages 800,000 connected charging piles, and involved in the green transport and efficient urban and rural distribution in more than 20 cities.

By the end of 2022, the car parc of new energy commercial vehicles in China reached 1.277 million, an increase of 334,000 over 2021. According to NewLink Research Institute, the annual mileage of new energy commercial logistics vehicles is more than 10 times that of private cars. In 2022, the annual charging volume of new energy logistics vehicles (excluding heavy trucks) is about 6.5 billion kWh and it is estimated that the charging volume will exceed 150 billion kWh in 2030, an increase of more than 20 times.

Kang Pinglu, Senior Vice President of DST, said: “At present, new energy commercial logistics vehicles are developing rapidly, and users poses a higher demand on convenient charging services. Through this cooperation, DST hopes to improve the charging efficiency of new energy commercial vehicles by employing services and solutions including “accurate charging” and “vehicle manager”, so as to provide users with high-quality charging experience.

Liang Xing, Vice President of NaaS, said: “With commercial logistics vehicles undergoing new energy transformation, there will be surging charging demand in the future. We hope to cooperate with leading industry partners and get prepared in advance, so as to bring convenience for new energy commercial vehicle owners, lower their charging costs and make our own contributions to the future development of new energy commercial logistics vehicles.”

As of the first quarter of 2023, NaaS has connected 55,000 charging stations and 575,000 chargers, and the charging volume in a single quarter reached 1.023 billion kWh, accounting for 21% of the national public charging volume. Heretofore, NaaS has realized connectivity with platforms of mainstream NEV companies, including Li Auto, Voyah, HiPhi, ARCFOX, Karry, AITO; provided on-board power supply services for IoV firms such as Ohways and Lion Tech; and entered into cooperation with Internet-based and sharing platform ecosystem partners, including Tencent Intelligent Mobility, Green Intelligent Link, etc.

Lately, NaaS wound up a new round of SPO, with Dr. Adrian Cheng, the third scion of the Cheng Yu-tung family, one of the four families of Hong Kong, and CST Group, an established HK-listed company (00985. HK), as its new strategic investors.