U Power and Velo Labs Collaborate to Establish Asset Fund Trading Platform for Battery Banks
U Power (Nasdaq: UCAR) has signed a Memorandum of Understanding with Velo Labs Technology to establish a battery infrastructure investment ecosystem in Thailand. This collaboration aims to create a battery bank asset and fund trading platform based on Velo's blockchain technology, integrating battery assets from various 'UOTTA' battery bank scenarios. The partnership seeks to:
- Accelerate battery bank operations within the UOTTA battery-swapping ecosystem
- Attract external funding for large-scale development of the battery bank industry
- Manage the entire lifecycle of battery assets
- Improve battery utilization rates and residual value
U Power's CEO, Jia Li, believes this partnership will generate consistent returns for shareholders as the importance of battery banks grows with the expansion of electric vehicles and green applications.
U Power (Nasdaq: UCAR) ha firmato un Memorandum of Understanding con Velo Labs Technology per stabilire un ecosistema di investimento nell'infrastruttura delle batterie in Thailandia. Questa collaborazione mira a creare una piattaforma di trading di asset e fondi per banche di batterie basata sulla tecnologia blockchain di Velo, integrando asset di batterie provenienti da vari scenari di banche di batterie 'UOTTA'. La partnership si propone di:
- Accelerare le operazioni delle banche di batterie all'interno dell'ecosistema di scambio di batterie UOTTA
- Attrarre finanziamenti esterni per lo sviluppo su larga scala dell'industria delle banche di batterie
- Gestire l'intero ciclo di vita degli asset delle batterie
- Migliorare i tassi di utilizzo delle batterie e il valore residuo
Il CEO di U Power, Jia Li, crede che questa partnership genererà rendimenti costanti per gli azionisti, poiché l'importanza delle banche di batterie cresce con l'espansione dei veicoli elettrici e delle applicazioni ecologiche.
U Power (Nasdaq: UCAR) ha firmado un Memorando de Entendimiento con Velo Labs Technology para establecer un ecosistema de inversión en infraestructura de baterías en Tailandia. Esta colaboración tiene como objetivo crear una plataforma de comercio de activos y fondos de bancos de baterías basada en la tecnología blockchain de Velo, integrando activos de baterías de varios escenarios de bancos de baterías 'UOTTA'. La asociación busca:
- Acelerar las operaciones de los bancos de baterías dentro del ecosistema de intercambio de baterías UOTTA
- Atraer financiamiento externo para el desarrollo a gran escala de la industria de bancos de baterías
- Gestionar todo el ciclo de vida de los activos de baterías
- Mejorar las tasas de utilización de baterías y el valor residual
El CEO de U Power, Jia Li, cree que esta asociación generará rendimientos consistentes para los accionistas a medida que la importancia de los bancos de baterías crece con la expansión de los vehículos eléctricos y las aplicaciones ecológicas.
U Power (Nasdaq: UCAR)가 태국에서 배터리 인프라 투자 생태계를 구축하기 위해 Velo Labs Technology와 양해각서(MOU)를 체결했습니다. 이 협력은 Velo의 블록체인 기술을 기반으로 다양한 'UOTTA' 배터리 은행 시나리오에서 배터리 자산을 통합하여 배터리 은행 자산 및 펀드 거래 플랫폼을 만드는 것을 목표로 하고 있습니다. 이 파트너십은 다음을 추구합니다:
- UOTTA 배터리 교환 생태계 내에서 배터리 은행 운영을 가속화
- 배터리 은행 산업의 대규모 개발을 위한 외부 자금 유치
- 배터리 자산의 전체 생애 주기 관리
- 배터리 활용률과 잔여 가치 개선
U Power의 CEO인 Jia Li는 이 파트너십이 전기차와 녹색 응용 프로그램의 확장에 따라 배터리 은행의 중요성이 증가함에 따라 주주에게 지속적인 수익을 창출할 것이라고 믿고 있습니다.
U Power (Nasdaq: UCAR) a signé un protocole d'accord avec Velo Labs Technology afin d'établir un écosystème d'investissement dans l'infrastructure des batteries en Thaïlande. Cette collaboration vise à créer une plateforme de trading d'actifs et de fonds pour les banques de batteries basée sur la technologie blockchain de Velo, intégrant des actifs de batteries de divers scénarios de banques de batteries 'UOTTA'. Le partenariat vise à :
- Accélérer les opérations des banques de batteries au sein de l'écosystème d'échange de batteries UOTTA
- Attirer des financements externes pour le développement à grande échelle de l'industrie des banques de batteries
- Gérer l'ensemble du cycle de vie des actifs de batteries
- Améliorer les taux d'utilisation des batteries et la valeur résiduelle
Le PDG de U Power, Jia Li, estime que ce partenariat générera des rendements constants pour les actionnaires à mesure que l'importance des banques de batteries augmente avec l'expansion des véhicules électriques et des applications écologiques.
U Power (Nasdaq: UCAR) hat ein Memorandum of Understanding mit Velo Labs Technology unterzeichnet, um ein Investitionsökosystem für Batteriinfrastruktur in Thailand zu schaffen. Diese Zusammenarbeit zielt darauf ab, eine Handelsplattform für Batteriebank-Assets und Fonds basierend auf Velos Blockchain-Technologie aufzubauen, wobei Batterien aus verschiedenen 'UOTTA'-Batteriebank-Szenarien integriert werden. Die Partnerschaft hat folgende Ziele:
- Betrieb der Batteriebanken innerhalb des UOTTA-Batteriewechsel-Ökosystems zu beschleunigen
- Externe Finanzierung für die großflächige Entwicklung der Batteriebankenindustrie anzuziehen
- Den gesamten Lebenszyklus von Batterien zu verwalten
- Die Nutzungraten von Batterien und den Restwert zu verbessern
Der CEO von U Power, Jia Li, glaubt, dass diese Partnerschaft konstante Erträge für die Aktionäre generieren wird, da die Bedeutung von Batteriebanken mit der Expansion von Elektrofahrzeugen und grünen Anwendungen wächst.
- Establishment of a battery infrastructure investment ecosystem in Thailand
- Creation of a blockchain-based battery bank asset and fund trading platform
- Potential to attract external funding for large-scale development of the battery bank industry
- Improved management of battery asset lifecycle, including utilization and disposal
- Expansion of U Power's UOTTA battery swap business
- None.
Insights
This collaboration between U Power and Velo Labs represents a strategic move into the EV battery infrastructure market. While the immediate financial impact is unclear, the long-term potential is significant. The creation of a battery bank asset and fund trading platform could unlock new revenue streams and attract external investment, potentially boosting U Power's financial position.
However, investors should note that this is still in the early stages, with only a Memorandum of Understanding signed. The success of this venture will depend on factors such as market adoption, regulatory environment and technological implementation. The focus on battery lifecycle management could lead to improved asset utilization and potential cost savings, but the extent of these benefits remains to be seen.
The integration of blockchain technology in battery asset management is a forward-thinking approach. This could potentially revolutionize the way battery assets are tracked, traded and managed throughout their lifecycle. The platform's ability to enhance battery tracking and operational efficiency could lead to significant improvements in the EV ecosystem.
However, the success of this initiative will heavily depend on the robustness and scalability of the blockchain implementation. It's important to consider potential challenges such as transaction speed, energy consumption and interoperability with existing systems. While the concept is promising, the technical execution will be key to realizing the full potential of this collaboration.
This partnership taps into the growing EV market in Thailand, which has been seeing increased government support and consumer interest. The creation of a battery infrastructure investment ecosystem could accelerate EV adoption by addressing key concerns such as battery life and charging infrastructure.
However, the success of this venture will depend on factors such as consumer acceptance, competitive landscape and regulatory support. While the UOTTA battery-swapping ecosystem offers a unique value proposition, it will need to compete with established charging models. The ability to attract external funding through the asset and fund trading platform will be important for scaling operations and gaining market share in this rapidly evolving sector.
This collaboration will create a new development model for the electric vehicle battery bank business, leveraging blockchain technology to enhance battery tracking, user experience, and operational efficiency. Central to this partnership is the establishment of a battery bank asset and fund trading platform based on Velo's blockchain technology. The platform will integrate battery assets from various "UOTTA" battery bank scenarios, including batteries for four-wheel and two-wheel electric vehicles, batteries from various battery swap stations, and batteries used in energy storage projects. Through this platform, the partnership aims to attract external funding to promote large-scale development of the battery bank industry. Additionally, the collaboration will manage the entire lifecycle of battery assets, including battery cascade utilization, dismantling, and environmentally friendly disposal, comprehensively improving battery utilization rates and residual value.
Jia Li, Chairman and CEO of U Power, commented, "Our partnership with Velo Labs demonstrates that as electric vehicles and other green applications develop on a large scale, battery banks will become increasingly important. Once the value system and trading model for battery assets are established, more investors will be attracted to enter this vast market in the future. Our UOTTA battery swap business serves as an ideal carrier for this model and will generate consistent returns for our shareholders."
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
About Velo Labs Technology Ltd.
Velo Labs Technology Ltd. is a financial technology company based in the
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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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