Shandong Energy Chain Holding Co. Listed Among Top 500 Private Enterprises in China

BEIJING, Sept. 28, 2026 /CourierPR/ -- NaaS Technology Inc., a subsidiary of Newlinks Technology Limited, has seen its parent company, Shandong Energy Chain Holding Co., Ltd., recognized for its significant contributions to the energy digitalization sector. The company was named to the 2026 China Top 500 Private Enterprises list, ranking No. 401. This recognition underscores Shandong Energy Chain Holding Co., Ltd.'s scale in China’s private sector and highlights Newlinks’ efforts to advance digitalization across the energy industry, including through artificial intelligence (AI).

The inclusion on the list is based on the 28th Survey of Large-Scale Private Enterprises organized by the All-China Federation of Industry and Commerce (ACFIC). The survey included 6,350 enterprises with operating revenue of more than RMB 1 billion in 2025. With its broad coverage and consistent statistical methodology maintained over many years, the list has become an important reference for government authorities, investors, and research institutions in observing the scale and structural changes of China’s private economy.

Founded in 2016, Newlinks is a leading energy digitalization group in China. It focuses on the Energy Internet of Things (Energy IoT) and has established a robust network by partnering with 26,000 gas stations across approximately 1,800 cities and towns in China. This network has served more than 100 million vehicle owners and over 10,000 corporate customers, demonstrating the company’s extensive reach and impact.

NaaS Technology Inc., the first U.S.-listed EV charging service company in China, is a subsidiary of Newlinks. The company operates a platform that aggregates charging networks, integrates charging stations, and offers online user services, station operation and maintenance, and supply chain upgrades. As of the end of June 2026, China had 48.97 million new energy vehicles (NEVs), accounting for 13.19% of its total vehicle fleet. In the first half of 2026, NaaS achieved positive operating profit for the first time, indicating that its technology-driven platform service model has completed a closed business loop.

The synergies between Shandong Energy Chain Holding Co., Ltd. and NaaS are evident in several areas. The charging network and the Group’s gas station network are complementary in layout and connected in terms of station resources, supporting the development of integrated energy scenarios such as co-located fuel-and-charging stations at qualified sites. The Group’s OEM, fleet, and corporate customer resources are open to the charging business, and fueling and charging services are jointly pre-installed in the smart cockpits of approximately 80% of the major automakers in China. Transaction and demand data from both the fuel and charging sides are pooled to feed the platform’s supply-demand matching algorithms and dispatch models, improving station utilization and matching efficiency.

As NEV penetration continues to rise and the application of AI to energy supply-demand matching remains at an early stage, NaaS will continue to focus on its core interconnection platform business. Leveraging the data foundation built through scaled operations, the company will use AI to continuously improve the efficiency of charging supply-demand matching and enhance both service experience and operating quality.

This recognition and the company’s achievements highlight the growing importance of digitalization in the energy sector, particularly in the context of the increasing adoption of new energy vehicles in China.