U Power teams with IoTeX to tokenize EV charging stations via blockchain

Nasdaq-listed U Power (UCAR) has announced a strategic collaboration with blockchain platform IoTeX to tokenize electric vehicle (EV) charging and battery-swapping stations, signaling a significant integration of blockchain technology into energy infrastructure [1]. The partnership, formalized through a Memorandum of Understanding and Business Cooperation Agreement, focuses on converting real-world assets (RWAs) such as corporate bonds issued by U Power into digital tokens on the blockchain [2]. This initiative also incorporates artificial intelligence to optimize asset management and operational efficiency within the EV ecosystem. HabitTrade, an international trading platform, will serve as the structuring and execution agent for tokenized assets, ensuring compliance with regulatory frameworks and enhancing operational workflows [3].

The collaboration aligns with U Power’s broader Web3 strategy, emphasizing decentralized systems for battery-token and battery-bank applications. By embedding blockchain into EV infrastructure, the companies aim to establish a transparent and efficient energy distribution model. U Power, which reported a 124% year-over-year revenue growth as noted by InvestingPro analysts [3], is expanding its UOTTA battery-swapping technology to strengthen its capital structure. Despite ongoing cash flow challenges, the company’s current ratio of 1.85 underscores a stable liquidity position [3].

IoTeX, a decentralized IoT platform, contributes its expertise in machine-driven data processing to the partnership. The company’s technology aggregates machine-generated data to power AI systems, aligning with U Power’s goals for energy and mobility innovation [3]. This collaboration reflects a growing industry trend of redefining legacy asset structures through tokenization. By merging blockchain, AI, and IoT, U Power and IoTeX aim to position themselves at the intersection of Web3, energy, and mobility—sectors poised to reshape EV infrastructure and digital asset management.

The initiative highlights U Power’s transition from distributing battery-swapping stations to delivering AI-integrated energy solutions, aligning with smart city and digital infrastructure trends [3]. Analysts note that the partnership could address both U Power’s financial and technological needs, though long-term profitability remains a critical focus.

Tokenizing physical assets is increasingly seen as a method to unlock liquidity and improve transparency. For IoTeX, the partnership reinforces its role in bridging IoT and blockchain ecosystems, while U Power gains access to advanced infrastructure to support its Web3 ambitions. As the project progresses, stakeholders will closely monitor the impact of tokenization on capital efficiency, user adoption, and regulatory developments in the EV sector.

Sources:

[1] [Nasdaq-Listed UCAR Teams up With Iotex to Tokenize EV Stations – News Bitcoin News](https://news.bitcoin.com/nasdaq-listed-ucar-teams-up-with-iotex-to-tokenize-ev-stations/)

[2] [U Power Advances Web3 Goals Through IoTeX Collaboration](https://www.cointrust.com/market-news/u-power-advances-web3-goals-through-iotex-collaboration)

[3] [U Power Announces Strategic Partnership with IoTeX to Accelerate Expansion of Web 3.0 AI-Powered Energy and Transportation System Solutions](https://www.wjtv.com/business/press-releases/cision/20250723CN35881/u-power-announces-strategic-partnership-with-iotex-to-accelerate-expansion-of-web-3-0-ai-powered-energy-and-transportation-system-solutions)