U Power and IoTeX Collaborate to Launch Tokenized EV Battery Swapping Infrastructure Using AI and Blockchain

U Power, a provider of AI-powered solutions for energy grids and transportation systems, has partnered with IoTeX to launch tokenized real-world assets for its electric vehicle battery-swapping business. The partnership aims to create a next-generation EV battery swapping system using blockchain, AI, and tokenized RWAs. U Power's proprietary UOTTATM technology and related assets in China and Southeast Asia back the issued RWAs, which have been approved for trading on HabitTrade. The partnership is seen as a significant milestone in advancing U Power's Web3.0 strategy to expand its battery-token and battery-bank operations.

U Power Limited (Nasdaq: UCAR), a leading provider of AI-powered solutions for energy grids and transportation systems, has partnered with IoTeX to launch tokenized real-world assets (RWAs) for its electric vehicle (EV) battery-swapping business. This strategic collaboration aims to create a next-generation EV battery swapping system that leverages blockchain, AI, and tokenized RWAs.

The partnership, which includes the issuance of RWAs backed by U Power's battery swapping business and related assets in China and Southeast Asia, marks a significant milestone in advancing U Power's Web3.0 strategy. These RWAs have been approved for trading on HabitTrade, a global multi-asset trading and infrastructure platform U Power Partners with IoTeX to Launch Tokenized Real-World Assets, Pioneering AI-Powered Web3 EV Battery Swapping Infrastructure^[1].

U Power's CEO and Chairman, Johnny Lee, commented on the partnership, stating, "Our collaboration with IoTeX enables the tokenization of EV batteries, unlocking new revenue streams through Battery Tokens and crowdfunded infrastructure financing. By accelerating the deployment of battery swapping stations and enhancing data-driven operations via blockchain and AI, we reduce costs, improve asset utilization, and create scalable, recurring income models, all of which drive long-term revenue growth."

The partnership also involves the completion of U Power's foundational Web3.0 infrastructure. This infrastructure will facilitate the introduction of new investment opportunities and value-driven financial instruments to the capital markets, as U Power continues to expand the market share of its proprietary EV battery-swapping technology, UOTTATM, in existing and potential markets.

U Power's strategic initiatives have seen recent success in various markets. The company has signed an initial sales agreement with Treep Mobility in Peru, and a strategic partnership with SAIC Hongyan and UNEX EV to deploy battery-swapping compatible electric heavy trucks in Thailand. Additionally, UNEX EV has signed a Letter of Intent with Didi Mobility to deploy UOTTATM battery-swapping vehicles in Mexico UCAR - U Power Limited Latest Stock News & Market ...^[2].