U Power shares jump 10.48% after-hours after launching tokenized real-world assets on BNB Chain with PicWe.

U Power surged 10.48% in after-hours trading following its announcement of launching tokenized real-world assets (RWA) on the BNB Chain in collaboration with PicWe. The initiative marks a strategic milestone in digitizing energy infrastructure, enabling scalable AI-driven battery-swapping solutions for commercial EV fleets in Southern Europe and expanding into Southeast Asia, Hong Kong SAR, and South America. The move is bolstered by a $50 million joint venture with FTT Holding Company LLC to support infrastructure deployment, signaling regulatory-compliant innovation and growth potential. Investors reacted positively to the company’s expansion into blockchain-based energy asset frameworks, positioning U Power at the forefront of Web3.0 integration in EV infrastructure.