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Rhea-AI Summary
NaaS Technology (Nasdaq: NAAS) completed a 21,000-ton carbon-inclusive credit transaction with strategic partner Kuaidian tied to EV charging in Wuhan on December 31, 2025. Using its self-developed carbon asset trading platform, NaaS provided end-to-end services including asset development, digital ledger management, certification, transaction matchmaking, and settlement.
The deal follows the company’s inaugural carbon credit transaction in January 2025 and is presented as a scalable model for commercializing carbon assets across the EV charging sector while supporting broader public participation in carbon neutrality initiatives.
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Positive
- Completed 21,000-ton carbon-inclusive credit transaction in Wuhan
- Operated a self-developed carbon asset trading platform end-to-end
- Established a scalable, replicable model for EV charging carbon assets
Negative
Market Reaction
15 min delay
2 Alerts
+13.06%
Since News
Following this news, NAAS has gained 13.06%, reflecting a significant positive market reaction.
Our momentum scanner has triggered 2 alerts so far, indicating moderate trading interest and price volatility.
The stock is currently trading at $3.81.
This price movement has added approximately $4M to the company’s valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Carbon-inclusive credits
21,000 tons
Carbon-inclusive credit transaction with Kuaidian in Wuhan
NEV ownership
36 million vehicles
China new energy vehicle ownership as of end June 2025
Share price
$3.37
Pre-news last close
52-week high
$40.32
52-week price high before this news
52-week low
$1.96
52-week price low before this news
Market cap
$35,753,339
Equity value prior to this announcement
Today’s volume
2,245 shares
Trading volume prior to publication
Average volume
32,365 shares
20-day average trading volume
Market Reality Check
Peers on Argus
NAAS slipped 0.58% with very light volume while key peers like NVVE (-7.27%), PTLE (-2.03%) and TKLF (-1.31%) were mostly negative, suggesting stock-specific rather than coordinated sector momentum.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
|
Listing compliance |
+2.0% |
Regained compliance with Nasdaq minimum MVLS under Rule 5550(b)(2). |
||
|
AGM approvals |
+6.2% |
Shareholders approved capital increase and charter amendments at AGM. |
||
|
AGM announcement |
+6.3% |
Announced upcoming AGM and voting mechanics for shareholders and ADS holders. |
||
|
ESG report |
+8.1% |
Released 2024 ESG Report with major carbon reduction and strong ESG ratings. |
||
|
ADS ratio change |
-16.2% |
Announced 1-for-4 reverse ADS split via ADS ratio modification. |
Across the last five news events, share price moves have aligned with the apparent sentiment of each announcement, including governance, ESG and capital-structure items.
Over the past six months, NaaS has focused on compliance, governance, ESG and capital structure. It regained Nasdaq MVLS compliance in Dec 2025. Shareholders approved charter updates and capital changes at the Oct 10, 2025 AGM, following the AGM notice in Sep 2025. A 2024 ESG Report highlighted 3.22 million tons of carbon reduction and strong ratings. In Jul 2025, the company announced a 1-for-4 reverse ADS split. Today’s carbon-inclusive partnership expands on this sustainability and commercialization trajectory.
Market Pulse Summary
The stock is surging +13.1% following this news. A strong positive reaction aligns with the company’s pattern of price moves following ESG and strategic announcements, where all five prior tracked events showed aligned reactions. The 21,000-ton carbon-inclusive credit deal builds on earlier green initiatives and commercializes NaaS’s carbon asset platform. However, prior capital structure changes and sizeable share issuances from recent filings highlight dilution and governance factors that could influence how durable any move proves.
Key Terms
carbon neutrality
regulatory
AI-generated analysis. Not financial advice.
BEIJING, Dec. 31, 2025 /PRNewswire/ — NaaS Technology Inc. (Nasdaq: NAAS) (“NaaS” or the “Company”), the first U.S.-listed EV charging service company in China, today announced that, in collaboration with its strategic partner Kuaidian, it has successfully completed a 21,000-ton carbon-inclusive credit transaction related to electric vehicle (EV) charging scenarios in Wuhan. This achievement builds on the Company’s inaugural carbon credit transaction in January 2025, marking a significant breakthrough in the implementation of carbon-inclusion mechanisms within the green transportation sector at a regional level.
In this project, NaaS leveraged its self-developed carbon asset trading platform to precisely identify demand from carbon credit purchasers and provided end-to-end solutions covering carbon asset development, digital ledger management, certification application, transaction matchmaking, and settlement execution. Building on its nationwide charging network, AI capabilities, and carbon-inclusive service expertise, NaaS has established an end-to-end carbon asset management solution from carbon asset planning and digital asset management to closed-loop transaction execution. This achievement provides a scalable and replicable model for the large-scale commercialization of carbon assets within the EV charging sector, while also creating a practical pathway for broader public participation in carbon neutrality initiatives.
The transaction comes against the backdrop of China’s steady advancement toward its “Dual Carbon” goals. Green mobility is a core area of emission reduction, and the EV charging market continues to reduce significant carbon emissions. As of the end of June 2025, China’s new energy vehicle ownership surpassed 36 million, providing a solid foundation for promoting carbon-inclusion within the charging sector. This growing ecosystem has positioned EV charging as a key application scenario that combines scale advantages with broad public participation.
Yubo Zhai, General Manager of Sustainability at NaaS, stated, “China’s electric vehicle charging market is expected to generate carbon assets on the scale of hundreds of thousands of tons in the coming years. NaaS is committed to strengthening our capabilities in green transportation carbon-inclusion. We will continue to optimize our carbon accounting models and digital platforms, and expand trading scenarios and partnership channels to support broader industry participation in the standardized development and efficient management of carbon assets.”
About NaaS Technology Inc.
NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company is one of the leading providers of new energy asset operation services. The Company utilizes advanced technology to intelligently match charging supply with demand, offering electric vehicle users a seamless, efficient, and smart charging experience. Furthermore, NaaS empowers charging stations and charging station operators to optimize their operations, driving greater efficiency and enhancing profitability.
Safe Harbor Statement
This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NaaS’ goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China’s EV charging industry and EV charging service industry and NaaS’ future business development; demand for and market acceptance of NaaS’ products and services; NaaS’ ability to protect and enforce its intellectual property rights; NaaS’ ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS’ operation, fluctuations of the RMB exchange rate, and NaaS’ ability to obtain adequate financing for its planned capital expenditure requirements; NaaS’ relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS’ filings with the SEC.
For investor and media inquiries, please contact:
Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com
Media inquiries:
E-mail: pr@enaas.com
View original content:SOURCE NaaS Technology Inc.
FAQ
What did NaaS (NAAS) announce on December 31, 2025 about carbon credits?
NaaS announced completion of a 21,000-ton carbon-inclusive credit transaction in Wuhan with partner Kuaidian.
How did NaaS execute the 21,000-ton carbon transaction for NAAS shareholders?
NaaS used its self-developed carbon asset trading platform for asset development, digital ledger management, certification, matchmaking, and settlement.
Does the NAAS press release describe this transaction as scalable across China?
Yes; NaaS described the transaction as a scalable and replicable model for commercializing EV charging carbon assets.
What partner worked with NaaS on the December 31, 2025 carbon transaction (NAAS)?
The transaction was completed in collaboration with strategic partner Kuaidian.
How does this NAAS transaction relate to the company’s prior carbon activity?
It builds on NaaS’s inaugural carbon credit transaction completed in January 2025.
What areas of service did NaaS provide in the NAAS carbon-inclusive deal?
NaaS provided carbon asset planning, digital asset management, certification application, transaction matchmaking, and settlement execution.
