Shares of NAAS Inc. ($NaaS Technology Inc. NAAS$), a Chinese electric vehicle charging service provider, surged over 60% at one point, reaching a high of US$5.24, extending its recent strong gains.
The stock price surge came as the company made progress in the autonomous driving space. NAAS recently launched its automatic charging robots targeting the self-driving vehicle charging service scenario.
The news comes amid a broader rally in Chinese concept stocks related to autonomous driving, with reports that Baidu's Robocar brand has deployed over 400 self-driving taxis in Wuhan, accelerating the commercialization of autonomous driving technology.
NAAS's automatic charging robots are designed to cater to the needs of self-driving vehicles, providing a convenient and seamless charging solution as the autonomous driving industry continues to evolve.
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