NaaS Technology and CCTEB Form Strategic Partnership to Accelerate Digitalization of Charging Infrastructure Network, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
NaaS Technology (NASDAQ:NAAS) has formed a strategic partnership with China Construction Third Engineering Bureau (CCTEB) to accelerate the digitalization and expansion of the EV charging infrastructure network in China. The collaboration aims to integrate NaaS' digital operation expertise with CCTEB's construction capabilities, focusing on projects related to PV-charging-storage integration and energy ports. Financial terms of the agreement were not disclosed.
March 12, 2024 | 9:11 am
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NaaS Technology's strategic partnership with CCTEB is expected to enhance its position in the EV charging infrastructure market in China, potentially leading to increased market share and revenue growth.
The partnership with CCTEB, a construction giant, is likely to provide NaaS Technology with an edge in expanding and digitalizing the EV charging infrastructure in China. This collaboration could lead to increased efficiency, broader network coverage, and potentially higher revenues for NaaS, positively impacting its stock in the short term.
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