LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

China’s NaaS Technology acquires Sweden’s Charge Amps for $66M

Robert Frost by Robert Frost
August 22, 2023
in Industries
China’s NaaS Technology acquires Sweden’s Charge Amps for M
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


EV charging giant NaaS Technology (Nasdaq: NAAS) today announced that it’s going to acquire EV charging provider Charge Amps for $66.4 million in order to penetrate the European market.

Chinese EV charger giant NaaS has connected over 575,000 chargers covering 55,000 charging stations, representing 40% and 49% of China’s public charging market share, respectively.

You might also like

Toyota lands $20 million to bring this pint-sized EV with a solar roof to life

Toyota lands $20,000 to bring this pint-sized EV with a solar roof to life

Trump administration will set price floors across range of industries to combat China, Bessent says

It’s the first US-listed EV charging service company in China, and it’s entered into a definitive agreement to acquire 100% of the issued and outstanding shares of Charge Amps. Alex Wu, president, cofounder, and CFO of NaaS, called the acquisition an “important milestone” as the company continues “to expand into the international market.”

NaaS says in its announcement that Charge Amps’ technological innovation and market channel capability will enable NaaS to carry out localized services in Europe, with the aim of becoming a “one-stop EV charging solutions provider.”

Solna, Sweden-based Charge Amps specializes in home and destination Level 2 (AC) chargers, and it boasts 22% of local market share and an international footprint in 32 markets. Charge Amps (pictured above) is known for its commitment to sustainability and good design, and is a participant of the UN Global Compact.

Olle Tholander, CEO of Charge Amps, said, “With NaaS’s extended product portfolio, Charge Amps will not only be able to bring more competitive and purposeful solutions to users, but also accelerate the transition to an electrified life and open the gateway to a smarter ecosystem.”

Read more: Could this self-driving EV charging robot be a game changer?

Photo: Charge Amps


If you’re an electric vehicle owner, charge up your car at home with rooftop solar panels. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing on solar, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –ad*

FTC: We use income earning auto affiliate links. More.



Source link

Share30Tweet19
Previous Post

These are Goldman Sachs’ favorite AI plays for the long haul

Next Post

Photos emerge of NIO’s new mass-market ‘Alps’ EV competitor to Toyota and VW

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

Toyota lands  million to bring this pint-sized EV with a solar roof to life
Industries

Toyota lands $20 million to bring this pint-sized EV with a solar roof to life

October 15, 2025
Toyota lands ,000 to bring this pint-sized EV with a solar roof to life
Industries

Toyota lands $20,000 to bring this pint-sized EV with a solar roof to life

October 15, 2025
Trump administration will set price floors across range of industries to combat China, Bessent says
Industries

Trump administration will set price floors across range of industries to combat China, Bessent says

October 15, 2025
Iraq pledges to end  billion gas imports from Iran by 2028 as it races to diversify beyond oil
Industries

Iraq pledges to end $4 billion gas imports from Iran by 2028 as it races to diversify beyond oil

October 15, 2025
Next Post
Photos emerge of NIO’s new mass-market ‘Alps’ EV competitor to Toyota and VW

Photos emerge of NIO's new mass-market 'Alps' EV competitor to Toyota and VW

Related News

How to fix Scotland’s housing emergency? ‘Urgent action and pace is needed’ – London Wallet

How to fix Scotland’s housing emergency? ‘Urgent action and pace is needed’ – London Wallet

September 18, 2024
Why is Solana (SOL) price up today?

Why is Solana (SOL) price up today?

July 9, 2024
Industrial Dwellings Society appoints Brodtman as chair

Industrial Dwellings Society appoints Brodtman as chair

October 13, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?