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Nenglian Zhidian and Shenlan Automobile have reached a cooperation to build a new energy vehicle charging service network

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Recently, Nenglian Zhidian (NASDAQ: NAAS) and Shenlan Automobile reached a cooperation agreement, focusing on improving the charging network layout, improving the utilization rate of charging piles, optimizing multi scenario energy replenishment solutions, and other aspects to create a convenient and high-quality one-stop charging service experience for new energy vehicle owners, and jointly build a new energy charging service network.
According to the agreement, Nenglian Zhidian relies on its digital capabilities to provide a nationwide charging network for Shenlan Automobile. Users can use the Shenlan Automobile APP and car infotainment system to check the prices, locations, parking spaces, and other information of nearby charging stations online. They can also use intelligent navigation to go to the charging stations and use efficient and convenient services such as one click charging and online payment.
On December 8th, the All China Association of Automobile Manufacturers announced the production and sales situation of China's automobile market in November. Data shows that in November 2023, the retail sales of passenger cars reached 2.08 million units, a year-on-year increase of 26.0% and a month on month increase of 2.4%. This year, the cumulative retail sales have reached 19.345 million vehicles, a year-on-year increase of 5.3%. Benefiting from national policies and the rapid development of new energy vehicles, the charging infrastructure and related service industry has entered a vigorous stage of development. Vehicle manufacturers, battery manufacturers, and petrochemical giants have successively entered the charging pile market, improving the charging experience of new energy vehicles and alleviating the anxiety of car owners about travel distance.
At the beginning of this year, the National Development and Reform Commission, Energy Administration and other departments jointly issued the Implementation Opinions on Further Improving the Service Guarantee Capacity of Electric Vehicle Charging Infrastructure, encouraging various types of capital to participate in the construction of charging facilities and promoting the upgrading of charging services for parking facilities in public areas and residential areas; Advocate for promoting the interconnection of charging facilities and improving the convenience and safety of charging services.
As a domestic new energy vehicle brand, Shenlan Automobile actively responds to national policies and firmly supports the interconnection of charging facilities. Deep Blue Automobile adheres to user demand orientation and continuously improves its products, services, and surrounding facilities to meet core strategic upgrades. In April 2022, the first strategic model of Deep Blue Motors, SL03, was launched with orders exceeding 10000 within 33 minutes, surpassing the new energy track and accelerating its digital and industrial development. Recently, the "Super Feeling Driving Fun Electric SUV" Deep Blue S7 has delivered over 50000 vehicles, achieving a delivery rate of over 10000 within 35 days of its launch, setting a record for the fastest monthly delivery of new energy vehicles in China to exceed 10000. With a "dark horse" momentum, it has achieved both good reputation and market success, continuously refreshing the "Deep Blue Acceleration".
As a global operator of new energy assets, Nenglian Zhidian empowers vehicle companies such as Shenlan Automobile through its nationwide charging network. At present, Nenglian Zhidian has provided charging services to new energy vehicle companies such as NIO, Xiaopeng, Ideal, Wenjie, Jike, Lantu, Jihu, Gaohe, and Kairui New Energy. In addition, Nenglian Zhidian also provides one-stop services for the entire industry chain, covering charging station site consultation, EPC engineering, operation and maintenance, energy storage, photovoltaic, automatic charging robots and other products and services. It also improves industry efficiency through digital technology and artificial intelligence, and builds new energy vehicle charging services.
As of September 30, 2023, Nenglian Smart Electric has covered over 767000 charging guns, connected over 73000 charging stations, and had a charging volume of 1.383 billion kilowatt hours in the third quarter, a year-on-year increase of 66%, accounting for 21.8% of China's public charging volume. In the future, Nenglian Zhidian will rely on its nationwide charging network and constantly iterating new energy solutions to provide assistance to its partners in supplementing new energy.
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