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U Power Limited (NASDAQ:UCAR) Conducts Southeast Asia's First Public Demonstration of Battery Swap Station at 2025 Bangkok Motor Show

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U Power (NASDAQ:UCAR) achieved a milestone in Southeast Asia by successfully demonstrating its UOTTA battery swap station at the 2025 Bangkok International Motor Show. The demonstration, which garnered attention from SUSCO and over 80 Thai media organizations, will transition to full commercial service through a partnership with SUSCO.

The showcased station is being relocated to Phuket for operational deployment, where it will initially service electric taxis and hailing vehicles. This implementation represents Southeast Asia's first operational battery swap infrastructure, leveraging SUSCO's extensive energy distribution network across Thailand's tourism zones and logistics hubs.

The initiative aligns with Thailand's EV 3.5 policy, which extends consumer subsidies for battery-swappable vehicles through 2027. The partnership with SUSCO, finalized in March 2025, focuses on developing standardized deployment protocols for coastal tourism markets, establishing a replicable island-optimized swap model.

U Power (NASDAQ:UCAR) ha raggiunto un traguardo nel sud-est asiatico dimostrando con successo la sua stazione di scambio batterie UOTTA al Bangkok International Motor Show 2025. La dimostrazione, che ha attirato l'attenzione di SUSCO e oltre 80 organizzazioni mediatiche thailandesi, passerà a un servizio commerciale completo attraverso una partnership con SUSCO.

La stazione esposta sarà trasferita a Phuket per la sua attivazione operativa, dove inizialmente servirà taxi elettrici e veicoli a chiamata. Questa implementazione rappresenta la prima infrastruttura operativa di scambio batterie nel sud-est asiatico, sfruttando l'ampia rete di distribuzione energetica di SUSCO nelle zone turistiche e nei centri logistici della Thailandia.

L'iniziativa è in linea con la politica EV 3.5 della Thailandia, che estende i sussidi ai consumatori per i veicoli con batterie intercambiabili fino al 2027. La partnership con SUSCO, finalizzata a marzo 2025, si concentra sullo sviluppo di protocolli di distribuzione standardizzati per i mercati turistici costieri, stabilendo un modello di scambio ottimizzato per le isole.

U Power (NASDAQ:UCAR) logró un hito en el sudeste asiático al demostrar con éxito su estación de intercambio de baterías UOTTA en el Salón Internacional del Automóvil de Bangkok 2025. La demostración, que atrajo la atención de SUSCO y más de 80 organizaciones de medios tailandesas, pasará a un servicio comercial completo a través de una asociación con SUSCO.

La estación presentada se trasladará a Phuket para su implementación operativa, donde inicialmente atenderá taxis eléctricos y vehículos de transporte a demanda. Esta implementación representa la primera infraestructura operativa de intercambio de baterías en el sudeste asiático, aprovechando la extensa red de distribución de energía de SUSCO en las zonas turísticas y los centros logísticos de Tailandia.

La iniciativa se alinea con la política EV 3.5 de Tailandia, que extiende los subsidios a los consumidores para vehículos con baterías intercambiables hasta 2027. La asociación con SUSCO, finalizada en marzo de 2025, se centra en el desarrollo de protocolos de implementación estandarizados para los mercados turísticos costeros, estableciendo un modelo de intercambio optimizado para islas.

U Power (NASDAQ:UCAR)는 2025 방콕 국제 모터쇼에서 UOTTA 배터리 교환 스테이션을 성공적으로 시연하며 동남아시아에서 이정표를 세웠습니다. 이 시연은 SUSCO와 80개 이상의 태국 언론의 주목을 받았으며, SUSCO와의 파트너십을 통해 완전 상업 서비스로 전환될 예정입니다.

전시된 스테이션은 운영 배치를 위해 푸켓으로 이전되며, 처음에는 전기 택시와 호출 차량에 서비스를 제공할 것입니다. 이 구현은 동남아시아 최초의 운영 배터리 교환 인프라를 나타내며, 태국의 관광 지역과 물류 허브 전역에 걸친 SUSCO의 광범위한 에너지 분배 네트워크를 활용합니다.

이 이니셔티브는 2027년까지 배터리 교환 가능한 차량에 대한 소비자 보조금을 연장하는 태국의 EV 3.5 정책과 일치합니다. 2025년 3월에 최종화된 SUSCO와의 파트너십은 해안 관광 시장을 위한 표준화된 배치 프로토콜 개발에 중점을 두고 있으며, 복제 가능한 섬 최적화 교환 모델을 수립하고 있습니다.

U Power (NASDAQ:UCAR) a atteint un jalon en Asie du Sud-Est en démontrant avec succès sa station d'échange de batteries UOTTA au Salon International de l'Automobile de Bangkok 2025. La démonstration, qui a suscité l'intérêt de SUSCO et de plus de 80 médias thaïlandais, passera à un service commercial complet grâce à un partenariat avec SUSCO.

La station présentée sera relocalisée à Phuket pour son déploiement opérationnel, où elle servira initialement des taxis électriques et des véhicules à la demande. Cette mise en œuvre représente la première infrastructure opérationnelle d'échange de batteries en Asie du Sud-Est, tirant parti du vaste réseau de distribution d'énergie de SUSCO dans les zones touristiques et les hubs logistiques de Thaïlande.

Cette initiative s'inscrit dans la politique EV 3.5 de la Thaïlande, qui prolonge les subventions aux consommateurs pour les véhicules à batteries interchangeables jusqu'en 2027. Le partenariat avec SUSCO, finalisé en mars 2025, se concentre sur le développement de protocoles de déploiement standardisés pour les marchés touristiques côtiers, établissant un modèle d'échange optimisé pour les îles.

U Power (NASDAQ:UCAR) hat im Südostasien einen Meilenstein erreicht, indem es seine UOTTA-Batteriewechselstation erfolgreich auf der Bangkok International Motor Show 2025 demonstrierte. Die Demonstration, die die Aufmerksamkeit von SUSCO und über 80 thailändischen Medienorganisationen auf sich zog, wird durch eine Partnerschaft mit SUSCO in den vollständigen kommerziellen Betrieb übergehen.

Die vorgestellte Station wird nach Phuket verlegt, um dort in Betrieb genommen zu werden, wo sie zunächst elektrische Taxis und Rufautos bedienen wird. Diese Implementierung stellt die erste betriebliche Batteriewechselinfrastruktur in Südostasien dar und nutzt das umfangreiche Energienetz von SUSCO in den Tourismusgebieten und Logistikzentren Thailands.

Die Initiative steht im Einklang mit Thailands EV 3.5-Politik, die die Verbrauchersubventionen für batteriewechselbare Fahrzeuge bis 2027 verlängert. Die Partnerschaft mit SUSCO, die im März 2025 abgeschlossen wurde, konzentriert sich auf die Entwicklung standardisierter Bereitstellungsprotokolle für Küstentourismusmärkte und die Etablierung eines reproduzierbaren, inseloptimierten Wechselmodells.

Positive
  • First-mover advantage in Southeast Asia's battery swap infrastructure market
  • Strategic partnership with SUSCO provides access to extensive distribution network
  • Pre-established commercial agreements with taxi and ride-hailing services ensure immediate customer base
  • Alignment with government EV subsidies through 2027 supports market adoption
Negative
  • Initial deployment to single location in Phuket
  • Heavy dependence on single strategic partner (SUSCO) for market expansion
  • Infrastructure deployment still in early demonstration phase

Insights

U Power's Thai battery swap station launch marks a strategically significant first-mover advantage in Southeast Asia's emerging EV infrastructure market. The company's approach cleverly targets high-utilization fleet vehicles like taxis and ride-hailing services first - precisely the right strategy for battery swap technology, which thrives on frequent usage patterns.

What's particularly valuable is the partnership structure with SUSCO, which provides immediate access to established distribution networks in tourism zones. This capital-light expansion model addresses the classic chicken-and-egg problem plaguing EV infrastructure rollouts by focusing on predictable usage corridors first.

The "exhibit-to-operation" deployment approach demonstrates commendable operational efficiency - using the demo unit for commercial service accelerates market validation while maximizing asset utilization. For a company with U Power's market capitalization ($11M), this capital-efficient model is essential.

U Power's open-architecture platform approach suggests they're positioning for ecosystem development rather than closed proprietary systems. This increases adoption potential but may impact long-term margins as the technology becomes more standardized. The alignment with Thailand's EV 3.5 policy framework, which specifically subsidizes battery-swappable vehicles through 2027, provides important regulatory tailwinds for initial market penetration.

U Power's Thailand market entry demonstrates textbook emerging market strategy execution. The company has identified an underserved market with favorable policy conditions and established a critical local partnership with SUSCO to navigate regulatory frameworks and distribution challenges.

The choice of Thailand represents shrewd market selection - it combines rapidly growing EV adoption with tourism-centric transportation needs perfectly suited for battery swapping's quick turnaround benefits. Beginning in Phuket targets a high-visibility tourism hub where range anxiety is particularly problematic on an island with concentrated travel patterns.

The sequencing of this expansion is particularly notable. U Power has:

  • Created market awareness through high-visibility demonstration
  • Secured a local operating partner with established infrastructure
  • Pre-established commercial agreements with fleet operators
  • Aligned with government policy incentives

This methodical approach significantly increases success probability compared to purely technology-driven expansions. The focus on developing "standardized deployment protocols" suggests they're building a replicable model for wider ASEAN expansion.

However, investors should recognize this represents early commercialization with initial deployment to a single station. While the strategic approach is sound, meaningful revenue impact will require successful execution of the broader network deployment outlined in their SUSCO partnership framework.

SHANGHAI, April 8, 2025 /PRNewswire/ -- U Power Limited (NASDAQ:UCAR), a next-generation green smart energy grid innovator, marked a significant milestone in Southeast Asian expansion with a successful outdoor exhibition of its UOTTA battery swap station during the 2025 Bangkok International Motor Show. The cutting-edge infrastructure demonstration attracted widespread industry attention, drawing participation from key partners including SUSCO (Susco Public Company Limited), industry leaders, and over 80 accredited Thai media organizations. The demonstration unit will transition to full commercial service through a joint implementation with SUSCO soon, establishing Southeast Asia's inaugural operational battery swap infrastructure — a launchpad for rapid nationwide expansion leveraging SUSCO's extensive energy distribution network spanning Thailand's busiest tourism zones and logistics hubs.

"This transcends mere equipment installation — it's about redefining Southeast Asia's EV infrastructure standards," emphasized Jamie Zhang, CEO of U Swap Co Ltd. (U Power's Thai subsidiary), at the live vehicle demonstration. "As Thailand's first-mover, we're establishing a replicable island-optimized swap model for deployment across tourism hubs."

Integrated Ecosystem Deployment

The showcased station, now en route to Phuket for operational deployment, served as a tangible demonstration of U Power's climate-resilient technology adapted for Thailand's tropical environment. This mobility coincided with coordinated industry engagements through the Company's strategic investment in local EV commercialization efforts. This milestone activates the implementation phase of U Power's strategic joint venture with SUSCO, Thailand's premier energy solutions provider. Under the partnership framework finalized in March 2025, the companies will co-manage the station's commercial launch while developing standardized deployment protocols for coastal tourism markets. At a private industry forum held parallel to the Motor Expo, U Power and its regional partners outlined phased infrastructure development plans aligned with Thailand's accelerated EV adoption curve.

Operational Synergy in Practice

The relocated Phuket station will initially service electric taxis and hailing vehicles under pre-established commercial agreements, creating Thailand's first operational battery-swap ecosystem. This "exhibit-to-operation" model demonstrates U Power's asset efficiency while allowing real-world performance validation ahead of broader network expansion. Notably, by fostering a collaborative and win-win ecosystem, the Company empowers local energy partners to adopt UOTTA's open-architecture platform, enabling sustainable infrastructure expansion with minimized capital burden.

Synchronizing Infrastructure with National EV Ambitions

"This public demonstration marks more than a technical milestone — it's a blueprint for scalable electrification across ASEAN's tourism economies," stated Johnny Lee, U Power's CEO. "As Thailand's pioneer operational battery swap provider, we're delivering infrastructure that grows in lockstep with market demand, supported by cross-sector partnerships and aligned with national policy frameworks." The initiative directly supports Thailand's EV 3.5 policy, which extends consumer subsidies for battery-swappable vehicles through 2027.

About U Power Limited

U Power Limited (Nasdaq: UCAR) is a vehicle sourcing services provider with a vision to become an EV market player primarily focused on its proprietary battery-swapping technology, UOTTA technology. UOTTA is an intelligent modular battery-swapping solution designed to provide comprehensive battery power solutions for EVs. Since its inception in 2013, U Power has established a vehicle sourcing network in China's lower-tier cities, developed multi-types of battery-swapping stations for compatible EVs, and operates a manufacturing facility in Zibo City, Shandong Province, China.

For more information, please visit: https://www.upower-limited.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 events or circumstances, or changes in its expectations, except as may be required by law.

Although the company believes the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will turn out to be correct, and the company cautions investors that actual results may differ materially from the anticipated results. Investors are encouraged to review other factors that may affect future results in the company's registration statement and other filings with the U.S. Securities and Exchange Commission (SEC).

For more information, please visit: https://www.upower-limited.com/

Contact:
U POWER LIMITED
Xing.wang@upower-limited.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/u-power-limited-nasdaqucar-conducts-southeast-asias-first-public-demonstration-of-battery-swap-station-at-2025-bangkok-motor-show-302423121.html

SOURCE U Power Limited

FAQ

What is the significance of U Power's (UCAR) battery swap station demonstration in Bangkok?

It marks Southeast Asia's first public demonstration of battery swap technology, leading to the region's first operational battery swap infrastructure through partnership with SUSCO.

Where will UCAR's first operational battery swap station be deployed in Thailand?

The station will be deployed in Phuket, initially serving electric taxis and ride-hailing vehicles under pre-established commercial agreements.

How does U Power's battery swap initiative align with Thailand's EV policies?

The initiative supports Thailand's EV 3.5 policy, which provides consumer subsidies for battery-swappable vehicles through 2027.

What is the partnership structure between UCAR and SUSCO for the battery swap stations?

The March 2025 partnership involves co-managing commercial station launches and developing standardized deployment protocols for coastal tourism markets.
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