U Power Inks Sales Agreement with Treep Mobility for 52 Three-Wheeled Vehicles

U Power, a NASDAQ-listed company, has signed an initial sales agreement with Treep Mobility Group, a moto taxi operator in Peru. Under the agreements, Treep Mobility will purchase and deploy 52 two- and three-wheeled vehicles, as well as 8 battery-swapping stations. This deal highlights U Power's expansion into the South American market and its growing presence in the electric vehicle industry.

U Power (NASDAQ:UCAR), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, has signed an initial sales agreement with Treep Mobility Group, a leading Moto Taxi operator in Peru. The agreement, announced on September 22, 2025, marks U Power's entry into the South American market and showcases its growing presence in the electric vehicle (EV) industry U Power signs sales agreement with Treep Mobility^[1].

Under the terms of the agreement, Treep Mobility will purchase and deploy 52 two- and three-wheeled vehicles, eight battery-swapping cabinets, and a corresponding number of compatible batteries. These vehicles and cabinets are built on U Power's proprietary UOTTA™ electric vehicle (EV) battery-swapping technology. The initial order is valued at $113,000, and both parties agree to gradually expand their partnership through additional procurement agreements for the purchase and deployment of additional two/three-wheeled vehicles in Peru U Power signs sales agreement with Treep Mobility^[1].

The agreement follows the successful pilot deployment of U Power's battery-swapping vehicles and cabinets in Peru in January 2025, which demonstrated the effectiveness of U Power's AI-empowered quick and intelligent battery-swapping solutions. These systems not only monitor real-time battery performance but also connect vehicles to a centralized cabinet network, enabling efficient energy management. Treep Mobility recognized U Power's battery-swapping vehicle operation model in maximizing vehicle uptime and boosting revenue potential U Power Signs Initial Sales Agreement with Treep Mobility for the Purchase and Deployment of Fifty Two- and Three-Wheeled Vehicles, Eight Battery-Swapping Cabinets and Corresponding Number of Compatible Batteries^[2].

By transforming its fuel-powered taxi fleet to electric vehicles, Treep Mobility expects to reduce energy replenishment costs by approximately 30-40% compared to traditional fuel vehicles, while contributing to Peru's environmental sustainability goals. Peru has over 100,000 registered moto taxis, part of a $324 million total market of motorcycles growing at a CAGR of ~3% U Power Signs Initial Sales Agreement with Treep Mobility for the Purchase and Deployment of Fifty Two- and Three-Wheeled Vehicles, Eight Battery-Swapping Cabinets and Corresponding Number of Compatible Batteries^[2].

U Power's CEO and Chairman, Johnny Lee, commented, "We are excited to formalize our agreement with Treep Mobility, a reflection of our customer's satisfaction and confidence in our two/three-wheeled battery swapping solutions which have demonstrated a proven commercial and operational logic. We look forward to deepening our cooperation with Treep Mobility and expanding our market existence in the Peruvian market and beyond, as South America represents a tremendous electric motorcycles market, growing by over 300,000 new vehicles annually" U Power Signs Initial Sales Agreement with Treep Mobility for the Purchase and Deployment of Fifty Two- and Three-Wheeled Vehicles, Eight Battery-Swapping Cabinets and Corresponding Number of Compatible Batteries^[2].