SHANGHAI, Jan. 27,
2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR)
(the "Company" or "U Power"), a vehicle sourcing services provider
with a vision to becoming a comprehensive EV battery power solution
provider in China, today announced
that it has expanded its UOTTA battery swapping solutions with a
new compact 8-slot battery-swapping station, set to be delivered to
Associação Nacional dos Transportes Rodoviários em Automóveis
Ligeiros ("ANTRAL"), Portugal's
national taxi association in the first half of 2025. This expansion
with ANTRAL, which represents public passenger transport companies
operating light vehicles, marks another milestone in the Company's
growing European market presence.
The UOTTA 8-slot compact swap station showcases U Power's deep
understanding of European urban infrastructure needs. With its
optimized footprint of just 90 square meters, the station's
space-efficient design is specifically engineered for dense city
environments. The station's power consumption has been carefully
calibrated to work within existing urban grid capabilities, while
serving 30-50 vehicles daily. Its modular design allows for future
capacity expansion, providing operators with scalability and
enhanced operational efficiency.
"Since launching UOTTA in 2020, U Power has built a
comprehensive solution portfolio that serves all vehicle types,
with customizable configurations to meet specific operational
needs. For instance, our taxi-focused swap stations can handle up
to 200 swaps daily through flexible battery and channel
combinations," said Li Jia, Chairman
and CEO of U Power.
"Our recent collaboration with ANTRAL showcases our
technological edge. By integrating AI into station management and
cloud platforms, we've created an intelligent system that optimizes
power consumption and operational efficiency."
"More importantly, our battery swapping solution offers
compelling economics compared to traditional fast-charging
infrastructure. When evaluating total investment costs - including
land use, grid upgrades, and equipment - swapping stations require
lower capital investment while serving the same number of taxis and
mileage. This advantage is particularly crucial in European cities
where space constraints make large charging stations impractical,
making our swapping technology the optimal solution for
electrifying taxi fleets."
About U Power Limited
U Power Limited is a vehicle sourcing services provider, with a
vision to becoming an EV market player primarily focused on its
proprietary battery-swapping technology, or UOTTA technology, which
is an intelligent modular battery-swapping technology designed to
provide a comprehensive battery power solution for EVs. Since its
operation in 2013, the Company has established a vehicle sourcing
network in China's lower-tier
cities. The Company has developed two types of battery-swapping
stations for compatible EVs and is operating one manufacturing
factory in Zibo City, Shandong
Province, China. For more
information, please visit the Company's website:
http://ir.upincar.com/.
Forward-Looking Statements
This press release contains "forward-looking statements".
Forward-looking statements reflect the Company's current view about
future events. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company's
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Investors can
identify these forward-looking statements by words or phrases such
as "may," "will," "could," "expect," "anticipate," "aim,"
"estimate," "intend," "plan," "believe," "is/are likely to,"
"propose," "potential," "continue" or similar expressions. The
Company undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the U.S. Securities and Exchange Commission.
Contact
U Power Limited
Investor Relations Department
Email: ir@upincar.com
Robin Yang, Partner
ICR, LLC
Email: UPower.IR@icrinc.com
Phone: +1 (212) 475-0415
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SOURCE U Power Limited
