NaaS Technology is a China-based EV charging services company that connects EV drivers with charging stations and helps station operators run more efficiently. NaaS operates primarily through Kuaidian, a platform that aggregates charging station data and matches EV drivers with nearby charging infrastructure. NaaS's core customers are charging station operators, auto OEMs, and EV end-users. NaaS generates revenue primarily by charging station operators fees for connecting their stations to end-users via Kuaidian. Under a "full station operation" model, NaaS also directly operates some stations, retaining all charging revenue and paying the station owner a fixed fee. Beyond connectivity, NaaS earns revenue from hardware sales (reselling chargers to stations), EPC project services (designing and building charging infrastructure using third-party contractors), electricity procurement (aggregating demand across its network to negotiate better rates and resell at a margin), SaaS products (covering traffic, payments, and charger management), and commissions from non-charging amenities like vending machines and car washes at stations. NaaS's business model is primarily asset-light, earning fees without owning physical charging infrastructure, though it takes on direct operations selectively. The business benefits from network effects: a larger station network attracts more drivers, which in turn attracts more operators. NaaS is majority-controlled by its Chinese parent, Newlink, which is expected to take over operation of the Kuaidian platform by mid-2026.