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Newlink Group

An Internet of Things energy company in China.

Last updated September 1, 2026

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Overview

Newlink Group is an Internet of Things energy company in China. According to its official website, it is dedicated to improving the stability and efficiency of the global transportation energy network. It operates multiple business segments including Tuanyou, Newlink Smart Charging, Nengcheng Technology, Newlink Cloud, Zhongnenglian, Newlink Convenience, and Newlink Enterprise Services, covering the entire energy industry chain.

History

According to the official website, Newlink Group is a Chinese private enterprise ranked among the top 500 in China, and is one of the enterprises in China focusing on energy digitalization. It has also received honors such as the Global New Energy 500 and domestic and international unicorn status. The company's mission is to improve the stability and efficiency of the global transportation energy network. Its annualized transaction volume exceeds 100 billion yuan, accounting for about 3% of China's energy retail share. Over seven years, it has developed a business model called 'Connection as a Service' (NewLink as a Service), connecting all participants in the upstream and downstream of the industry and providing services. Newlink has cooperated with tens of thousands of gas stations, and its new energy business covers more than 77,000 charging stations. It has built an energy IoT digital middle platform, pre-installing refueling and charging services into the smart cockpits of mainstream automakers in China. The Tuanyou app covers about 1,800 towns across the country. Newlink serves over 100 million car owners and tens of thousands of enterprise customers. Under Newlink Holdings, there are four subsidiaries: Newlink Smart Charging (NASDAQ: NAAS), which landed on Nasdaq on June 13, 2022, and is the first Chinese charging service stock; Zhongnenglian, a leading domestic energy asset operator; Newlink Enterprise Services, a provider of enterprise-level digital energy solutions; and Nengcheng Technology, which focuses on direct supply of oil products and is a third-party hazardous chemical smart supply chain service provider. Shareholders include Bain Capital, China Merchants Capital, CICC Capital, China Resources Capital, CMB International, CCB Trust, Xiaomi Group, Joy Capital, NIO Capital, National SME Development Sub-fund, Shandong High-speed Holdings, and International Green Fund, among other well-known domestic and international investment institutions. In 2022, Newlink achieved annual carbon emission reduction of 2.159 million tons, an increase of 108% compared to 2021.

Recent events

  • Nengchain named an annual pioneer enterprise[6]

    Nengchain was named an annual pioneer enterprise in the 2021 China.com Technology Enterprise Pioneer List. The article says the selection recognized its innovation capabilities and technical strength in areas including energy-industry digitalization.

  • Nengchain and Hainan International Energy Exchange begin strategic cooperation[7]

    Reported:

    Nengchain and Hainan International Energy Exchange completed their first refined-oil supply-chain finance transaction, marking the formal start of their strategic cooperation.

  • Nengchain completes strategic funding round[8]

    Reported:

    Nengchain announced that it completed a new strategic funding round of $200 million, led by Bain Capital, with existing investor Joy Capital also participating. The article says strategic-round financing raised during the year totaled $300 million when combined with an earlier $100 million financing.

  • Unconfirmed

    Nengchain Group completes $100 million strategic financing[9]

    Nengchain Group announced that it had completed a $100 million strategic financing round, led by CMB International, with other investors participating and existing shareholders adding investment.

  • Nengchain completes RMB 900 million Series D funding[10]

    Reported:

    Nengchain announced that it had completed RMB 900 million in Series D financing, led by a fund under CICC Capital, with Xiaomi Group and previous investors also participating.

  • Nengchain announces its Nengchain Cloud service[10]

    Reported:

    Nengchain announced its Nengchain Cloud business, a cloud-based industry solution drawing on its TuanYou and KuaiDian traffic and incorporating SaaS, AI and EIoT technologies.

  • Companies selected for KPMG China automotive technology ranking[11]

    Reported:

    KPMG published its third China leading automotive technology companies list, which included Byton, Chehaoduo, Teld, and Nengchain Group.

Sources13 sources

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