U Power and Ualabee Join Forces to Bring Innovative Battery-Swapping Solutions to South America's Ride-Hailing Market
U Power (Nasdaq: UCAR) has signed a Memorandum of Understanding with Ualabee Corp., a leading South American mobile travel platform, to integrate U Power's UOTTA battery-swapping technology into Ualabee's ride-hailing services across South America. This strategic partnership aims to revolutionize the region's ride-hailing industry as it transitions towards electric vehicles.
Key points of the collaboration include:
- Introduction of UOTTA technology and EVs in key markets
- Deployment of battery-swapping infrastructure
- Implementation of digital payment systems
- Utilization of data analytics to optimize operations
The partnership will begin with the launch of U Power's first UOTTA battery-swapping station in Peru in Q1 2025, serving 100 vehicles. By the end of 2025, 6-8 additional stations will be built, increasing capacity to 800-1,000 vehicles. Ualabee plans to replace 5,000 fuel-powered vehicles with EVs annually for the next five years, with an estimated 30% adopting the UOTTA battery swapping model.
U Power (Nasdaq: UCAR) ha firmato un Memorandum d'Intesa con Ualabee Corp., una delle principali piattaforme di mobilità in Sud America, per integrare la tecnologia di scambio batterie UOTTA di U Power nei servizi di ride-hailing di Ualabee in tutto il Sud America. Questo partenariato strategico mira a rivoluzionare l'industria del ride-hailing nella regione, facilitando la transizione verso veicoli elettrici.
I punti chiave della collaborazione includono:
- Introduzione della tecnologia UOTTA e veicoli elettrici in mercati chiave
- Implementazione dell'infrastruttura per lo scambio di batterie
- Realizzazione di sistemi di pagamento digitale
- Utilizzo di analisi dei dati per ottimizzare le operazioni
Il partenariato inizierà con il lancio della prima stazione di scambio batterie UOTTA di U Power in Perù nel primo trimestre del 2025, servendo 100 veicoli. Entro la fine del 2025, saranno costruite ulteriori 6-8 stazioni, aumentando la capacità a 800-1.000 veicoli. Ualabee prevede di sostituire annualmente 5.000 veicoli a combustione con veicoli elettrici nei prossimi cinque anni, con un'adozione stimata del 30% del modello di scambio batterie UOTTA.
U Power (Nasdaq: UCAR) ha firmado un Memorando de Entendimiento con Ualabee Corp., una plataforma de movilidad líder en América del Sur, para integrar la tecnología de intercambio de baterías UOTTA de U Power en los servicios de transporte compartido de Ualabee en toda América del Sur. Esta asociación estratégica tiene como objetivo revolucionar la industria del transporte compartido en la región a medida que se transita hacia vehículos eléctricos.
Los puntos clave de la colaboración incluyen:
- Introducción de la tecnología UOTTA y vehículos eléctricos en mercados clave
- Despliegue de infraestructura de intercambio de baterías
- Implementación de sistemas de pago digital
- Uso de análisis de datos para optimizar las operaciones
La asociación comenzará con el lanzamiento de la primera estación de intercambio de baterías UOTTA de U Power en Perú en el primer trimestre de 2025, atendiendo a 100 vehículos. Para finales de 2025, se construirán de 6 a 8 estaciones adicionales, aumentando la capacidad a 800-1,000 vehículos. Ualabee planea reemplazar anualmente 5,000 vehículos a combustión por vehículos eléctricos durante los próximos cinco años, con una adopción estimada del 30% del modelo de intercambio de baterías UOTTA.
U Power (Nasdaq: UCAR)는 남미의 주요 모바일 여행 플랫폼인 Ualabee Corp.와 함께 U Power의 UOTTA 배터리 교환 기술을 남미 전역의 Ualabee 승차 호출 서비스에 통합하기 위한 양해각서를 체결했습니다. 이번 전략적 파트너십은 전기차로의 전환을 추진하며 이 지역의 승차 호출 산업을 혁신하는 것을 목표로 하고 있습니다.
협력의 주요 사항은 다음과 같습니다:
- 핵심 시장에서 UOTTA 기술과 전기차 도입
- 배터리 교환 인프라 구축
- 디지털 결제 시스템 구현
- 운영 최적화를 위한 데이터 분석 활용
이 파트너십은 2025년 1분기에 페루에서 U Power의 첫 번째 UOTTA 배터리 교환소를 개설하며 100대의 차량에 서비스를 제공하는 것으로 시작됩니다. 2025년 말까지 6-8개의 추가 스테이션이 건설되어 800-1,000대의 차량 용량을 증가시킬 것입니다. Ualabee는 향후 5년 동안 매년 5,000대의 연료 차량을 전기차로 교체할 계획이며, 이 중 약 30%가 UOTTA 배터리 교환 모델을 채택할 것으로 예상하고 있습니다.
U Power (Nasdaq: UCAR) a signé un protocole d'accord avec Ualabee Corp., une plateforme de mobilité majeure en Amérique du Sud, pour intégrer la technologie d'échange de batteries UOTTA de U Power dans les services de covoiturage de Ualabee à travers l'Amérique du Sud. Ce partenariat stratégique vise à révolutionner l'industrie du covoiturage dans la région alors qu'elle se dirige vers des véhicules électriques.
Les points clés de la collaboration comprennent :
- Introduction de la technologie UOTTA et des véhicules électriques sur des marchés clés
- Déploiement d'infrastructures d'échange de batteries
- Mise en œuvre de systèmes de paiement numérique
- Utilisation de l'analyse de données pour optimiser les opérations
Le partenariat commencera avec le lancement de la première station d'échange de batteries UOTTA de U Power au Pérou au premier trimestre 2025, servant 100 véhicules. D'ici fin 2025, 6 à 8 stations supplémentaires seront construites, augmentant la capacité à 800-1 000 véhicules. Ualabee prévoit de remplacer chaque année 5 000 véhicules à combustion par des véhicules électriques au cours des cinq prochaines années, avec une adoption estimée de 30 % du modèle d'échange de batteries UOTTA.
U Power (Nasdaq: UCAR) hat ein Memorandum of Understanding mit Ualabee Corp., einer führenden mobilen Reiseplattform in Südamerika, unterzeichnet, um die UOTTA-Batteriewechseltechnologie von U Power in die Ride-Hailing-Dienste von Ualabee in ganz Südamerika zu integrieren. Diese strategische Partnerschaft hat das Ziel, die Ride-Hailing-Industrie der Region zu revolutionieren, während der Übergang zu Elektrofahrzeugen erfolgt.
Die Schwerpunkte der Zusammenarbeit umfassen:
- Einführung der UOTTA-Technologie und von Elektrofahrzeugen in Schlüsselmarkten
- Bereitstellung der Infrastruktur für den Batteriewechsel
- Implementierung digitaler Zahlungssysteme
- Nutzung von Datenanalysen zur Optimierung der Abläufe
Die Partnerschaft beginnt mit der Eröffnung der ersten UOTTA-Batteriewechselstation von U Power in Peru im ersten Quartal 2025, die 100 Fahrzeugen dienen wird. Bis Ende 2025 werden 6-8 zusätzliche Stationen gebaut, wodurch die Kapazität auf 800-1.000 Fahrzeuge erhöht wird. Ualabee plant, in den nächsten fünf Jahren jährlich 5.000 mit fossilen Brennstoffen betriebene Fahrzeuge durch Elektrofahrzeuge zu ersetzen, wobei schätzungsweise 30% das UOTTA-Batteriewechselmodell übernehmen werden.
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Strategic Partnership Aims to Revolutionize South American Ride-Hailing
Ualabee, a leading South American mobility platform, revolutionizes urban transportation through its comprehensive app-based services. Offering a seamless blend of ride-hailing, taxi, and shared mototaxi options, Ualabee has established itself as a pioneer in the region's evolving transportation landscape. With a strong focus on technological innovation, Ualabee not only connects passengers and drivers efficiently but also drives the industry towards greater sustainability. Ualabee's commitment to enhancing user experience while promoting eco-friendly transportation solutions positions it as an ideal partner for U Power's expansion into the South American market. The collaboration comes as the South American ride-hailing market, which is expected to exceed
The strategic partnership is set to revolutionize
"Our UOTTA battery swapping ecosystem integrates vehicles, swapping stations, and spare batteries into one platform, offering flexible solutions for diverse market needs," said Jia Li, Chairman and CEO of U Power. "This collaboration with Ualabee in
"The partnership leverages our mature technology and Ualabee's strong market presence to create powerful synergies. Our 'Battery Bank' financial model addresses key concerns about EV adoption, reducing both procurement and operating costs. This open ecosystem approach has already attracted interest from various stakeholders across the EV value chain."
"As we expand into
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
Safe Harbor Statements
This press release may contain "forward-looking statements". Forward-looking statements reflect our 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.
Contacts
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
FAQ
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