Gelonghui, May 25 | Chinese electric vehicle charging service provider Nengchain Intelligent Electronics (NAAS.US) surged 22.24% to $0.43 during the intraday period. According to the news, the “China Electric Vehicle Charging and Switching Industry Development Report (2023)”, launched with the participation of Nengchain Smart Electronics, was officially released, making it the first blue book on the charging and switching industry in the industry. The Blue Book focuses on the charging and switching scenario. The content covers various dimensions such as policy standards, technological progress, market status, products and applications, and innovative models, and provides a comprehensive and detailed insight into the development of China's electric vehicle charging and switching industry. Also, on May 22, some media quoted sources as saying that the parent company of Nengchain Smart Electronics is seeking personal loans of up to 100 million US dollars to rent parking lots for electric vehicle charging stations in the mainland and Hong Kong. According to the news, car park leasing will enable the energy chain to test its electric vehicle related software. According to reports, pilot projects have already begun in Yunnan and another province, adding that discussions on this matter are still ongoing. It is also worth noting that Nengchain Smart Electronics previously announced that revenue for the first quarter of 2024 was 96.2 million yuan (13.3 million US dollars), an increase of 166% year on year; gross profit was 24.3 million yuan (3.4 million US dollars), a year-on-year increase of 4 times, and gross margin increased from 6.6% in 2022 to 25.3% in the first quarter, an increase of nearly 20 percentage points.