U Power Teams with IoTeX to Tokenize EV Stations via Blockchain Partnership

U Power Limited (NASDAQ: UCAR), a Nasdaq-listed electric vehicle (EV) infrastructure provider, has partnered with blockchain platform IoTeX to tokenize its network of EV battery-swapping and charging stations. The collaboration, formalized through a Memorandum of Understanding (MoU) and Business Cooperation Agreement, aims to leverage IoTeX’s decentralized infrastructure to digitize U Power’s physical assets, enabling real-time data tracking and programmable asset management on-chain [1]. This initiative aligns with U Power’s broader strategy to integrate blockchain and artificial intelligence (AI) into its energy solutions, enhancing operational efficiency and attracting new investment channels [2].

The tokenization process involves embedding IoT sensors into U Power’s “UOTTA” branded stations, generating real-time data on usage, maintenance, and energy consumption. This data will be recorded on IoTeX’s blockchain, allowing stakeholders to manage the entire lifecycle of the assets—from deployment to decommissioning—while enabling fractional ownership opportunities for token holders [3]. U Power board member Vicente López-Ibor Mayor emphasized that the partnership will improve transparency and capital access, stating, “Partnering with Iotex will help us digitize and tokenize our infrastructure assets at scale” [4].

The initiative also explores the use of IoTeX’s native token, IOTX, as part of a potential crypto treasury reserve. At the time of the announcement, IOTX was trading at $0.02401, reflecting a 4.56% decline over 24 hours but a 3.43% weekly gain [5]. U Power’s stock, meanwhile, traded at $3.00, down approximately 23% for the day and the week [5]. The company, which operates both swapping and charging stations nationwide in China, has positioned itself as a leader in AI-powered battery-swapping technology, aiming to replicate the convenience of traditional fueling while reducing EV charging times to minutes [6].

The partnership represents a strategic move to address liquidity and investment challenges in the EV sector. By tokenizing infrastructure, U Power and IoTeX aim to democratize access to physical assets, enabling a broader range of investors to participate through fractional ownership models. The integration of AI into battery-swapping stations could further optimize energy distribution and maintenance costs, enhancing the sustainability of U Power’s network [7]. IoTeX’s CEO highlighted that the collaboration would “bridge the gap between physical and digital assets, creating a scalable model for tokenizing infrastructure” [8].

While financial terms of the agreement were not disclosed, the project underscores the growing convergence of blockchain and real-world asset (RWA) tokenization. U Power’s Nasdaq listing positions it to capitalize on the expanding RWA market, which has seen increased adoption as blockchain applications extend beyond financial services. IoTeX, meanwhile, reinforces its role as a bridge between IoT and blockchain ecosystems, demonstrating practical use cases in energy and transportation [9].

The success of the initiative will hinge on regulatory clarity for tokenized assets and the scalability of IoT-integrated blockchain systems. However, the partnership reflects broader Web3 trends where tokenization is applied to physical infrastructure to create new economic models. For U Power, the collaboration could accelerate its expansion into AI-driven energy solutions and attract Web3-native investors seeking exposure to green technology [10].

Sources:

[1] [U Power Announces Strategic Partnership with IoTeX to Accelerate Expansion of Web 3.0 AI-Powered Energy and Transportation System Solutions]

(https://www.news10.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)

[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 Signs MoU with IoTeX]

(https://www.tipranks.com/news/the-fly/u-power-signs-mou-with-iotex-thefly)

[4] [U Power and Iotex Collaborate on Real-World Asset Tokenization]

(https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=nasdaq-listed-ucar-teams-up-with-iotex-to-tokenize-ev-stations)

[5] [Coinmarketcap, Yahoo Finance]

(https://coinmarketcap.com, https://finance.yahoo.com)

[6] [U Power Partners With Iotex]

(https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=nasdaq-listed-ucar-teams-up-with-iotex-to-tokenize-ev-stations)

[7] [Globe PR Wire]

(https://www.streetinsider.com/Globe+PR+Wire)

[8] [IoTeX (@iotex_io) / X]

(https://x.com/iotex_io?lang=en)

[9] [U Power Announces Strategic Partnership with IoTeX to Accelerate Expansion of Web 3.0 AI-Powered Energy and Transportation System Solutions]

(https://www.news10.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)

[10] [U Power Advances Web3 Goals Through IoTeX Collaboration]

(https://www.cointrust.com/market-news/u-power-advances-web3-goals-through-iotex-collaboration)