U Power Signs €540,000 Sales Agreement with Polestar Energy for 20 Electric Vans, Stations

• U Power signs €540,000 deal with Polestar Energy for 20 electric vans and 3-slot battery-swapping station. • First order in Europe for U Power's electric vans and battery-swapping stations. • 20 Geely Farizon-UNEX electric vans and semi-autonomous three-slot smart battery-swapping station to be deployed. • Order valued at €540,000, marking U Power's first European sale in this category.

U Power has signed a €540,000 deal with Polestar Energy, marking its first significant order in Europe for electric vans and battery-swapping stations. The agreement includes the delivery of 20 Geely Farizon-UNEX electric vans and a semi-autonomous three-slot smart battery-swapping station Adnoc Distribution, Terra Tech launch battery-swapping station^[1].

This deal underscores U Power's growing presence in the European market and its commitment to advancing sustainable mobility solutions. The electric vans and battery-swapping stations will be deployed in Europe, with a particular focus on last-mile delivery services.

The three-slot battery-swapping station is designed to offer efficient and fast battery replacement, reducing downtime and emissions for electric vehicle operators. This technology aligns with the increasing demand for sustainable and efficient transportation solutions.

The order is valued at €540,000, representing a significant milestone for U Power, which has previously focused on Asian markets. This deal is a testament to the growing interest in electric vehicles and the infrastructure required to support their widespread adoption.

The strategic partnership with Polestar Energy further highlights the importance of collaboration in driving innovation and sustainability in the transportation sector. As electric vehicles become more prevalent, the need for robust charging and battery-swapping infrastructure will continue to grow, positioning companies like U Power at the forefront of this transition.