U Power shares surge 11.10% intraday after launching tokenized real-world assets on BNB Chain with PicWe and securing $50M joint venture for EV infrastructure expansion.

U Power surged 11.10% intraday following the announcement of its first tokenized real-world assets on the BNB Chain, a strategic initiative to expand AI-driven battery-swapping infrastructure. The move, executed in collaboration with PicWe and supported by a $50 million joint venture with FTT Holding, positions U Power to scale its operations in Southern Europe and beyond. The tokenization of energy assets under its UOTTA™ technology enables digital integration of battery-swap stations, enhancing operational efficiency and ecosystem participation. The news aligns with growing demand for EV infrastructure and blockchain innovation, signaling regulatory compliance and scalable growth. While additional news on charging network expansions in Taiwan and partnerships were reported, the tokenization launch was the primary catalyst for the sharp intraday rally.