NewLink

Founded in 2016, NewLink is an energy IoT enterprise and one of China's companies dedicated to energy digitalization. Through digital technologies such as big data, IoT, and AI, it promotes energy conservation, emission reduction, cost reduction, and efficiency improvement across the entire chain, and also lays out cutting-edge fields such as autonomous driving and smart energy replenishment. It has received multiple honors, including being listed among the Global Top 500 New Energy Enterprises and achieving dual Unicorn status both domestically and internationally.

NewLink's annualized transaction value exceeds 100 billion CNY, accounting for approximately 3% of China's energy retail share. Over the past seven years, it has developed a highly competitive business model - Connection as a Service (NewLink as Service), linking all participants in the upstream and downstream industry chain and providing services.

NewLink has partnerships with over 25,000 gas stations, accounting for 20% of China's total; its new energy business connects 515,000 charging guns, with a total charging volume of 27.5 billion kWh in 2022, representing 20% of the national public charging capacity. It builds a digital energy IoT platform, pre-installing refueling and charging services into the smart cockpits of 80% of domestic OEMs. It provides efficient and convenient refueling experiences, with the TuanYou APP covering approximately 1,800 towns across China. NewLink serves hundreds of millions of vehicle users and tens of thousands of enterprise customers.

Under NewLink Holdings, there are four subsidiaries. Among them, NewLink Smart Charging (NASDAQ: NAAS) was listed on NASDAQ on June 13, 2022, and is China's charging services stock, headquartered in Anji, Zhejiang Province, the birthplace of the "Two Mountains" concept. Zhongneng Lian (ZNL) is a domestic energy asset operator, providing one-stop comprehensive energy services, assisting gas stations in achieving comprehensive upgrades, and jointly launching "Caltex NewLink" dual-brand refueling (charging) stations with Chevron, a major American comprehensive energy company. NewLink Enterprise Technology provides enterprise-level energy digital solutions, serving leading enterprises such as China Merchants Bank, CAR Inc., JD.com, SF Express, ZTO Express, New Hope Group, etc. NewLink Cheng Technology focuses on direct supply of oil products and is a third-party smart supply chain service provider for hazardous chemicals.

NewLink has 60% state-owned shareholders, including Bain Capital, China Merchants Capital, CICC Capital, China Resources Capital, CMB International, CCB Trust, Xiaomi Group, Joy Capital, NIO Capital, National SME Development Fund, Shandong Hi-Speed Group, International Green Fund, and other well-known domestic and international investment institutions.

While maintaining rapid business growth, NewLink uses digital technology to improve energy turnover efficiency and reduce waste during the physical transfer of energy. The company's goal is to reduce carbon emissions in transportation energy by 10% and reduce China's total carbon emissions by 1%. In 2022, NewLink achieved a full-year carbon emission reduction of 2.159 million tons, a 108% increase compared to 2021.

In the upcoming two-decade era of energy transition, NewLink will continue to promote emission reduction in traditional energy inventory and the replacement of incremental new energy, practicing sustainable development goals through "one reduction and one replacement," ultimately realizing the company's vision of "letting everyone use green energy."