GLONGHUI, August 31 | Tianfeng Securities released a research report saying that Energy Chain Intelligence (NAAS.US) announced on August 22 that it plans to wholly acquire Europe's leading electric vehicle charging service solution provider, Swedish Charge Amps, for 66.4 million US dollars. The agreement has now been signed. The wholly-owned acquisition of Charge Amps is a landmark step overseas, beginning full internationalization. Through this merger and acquisition, Energy Chain Intelligence will penetrate the European charging service market, develop European localization services with Charge Amps's leading market position, technological innovation capabilities and market channel capabilities, and achieve business collaboration and resource integration with Charge Amps in the fields of independent R&D, manufacturing, marketing, and charging service solutions for charging stations, providing an important anchor point and practical experience for developing a wider global business layout. The company is the first charging service company in China. It has grown into one of the largest and fastest growing electric vehicle charging service providers in China, and manages the largest third-party charging network in China. Since this year, the company's business has developed rapidly, and has joined hands with partners to promote integrated construction of optical storage and charging and overseas deployment. The company is a global leader in charging services, empowering the global golden age of smart electricity with an advanced model of “connection as a service”. Considering that the company's overseas business is expected to achieve a breakthrough and that the company is deeply involved in the domestic charging market, there is a certain scarcity for charging services in China, giving the company 0.02 PS/G in 2024, corresponding to 8.4 XP/s in 2024, corresponding to 8.4 XP/s in 2024, maintaining a “buy” rating.