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U Power Announces Official Entry into Web 3.0, Ushering in the Next Era of Battery Swapping Solutions
Transforming EVs Into Dynamic Energy Assets Using Web 3.0 Blockchain and Token-Based Economics SHANGHAI, June 25, 2025 /PRNewswire/ -- U Power Limited
About this update from U Power Limited
[{"type":"text","content":"Transforming EVs Into Dynamic Energy Assets Using Web 3.0 Blockchain and Token-Based Economics\nSHANGHAI, June 25, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the \"Company\" or \"U Power\"), a provider of comprehensive electric vehicle (\"EV\") battery-swapping solutions with a vision of becoming a smart energy grid solutions provider, today announced the launch of its innovative Battery-Bank initiative and the development of a Battery-Token solution, using Web 3.0 blockchain and token-based economics.\n\nThe launch of Battery-Bank and Battery-Token strategy was announced by U Power's strategic investor, Mr. Chatchaval Jiaravanon, during the \"Web 3.0 Battery Swap Ecosystem Strategy Launch\" event held in Hong Kong on June 20, 2025. Of note, Mr. Jiaravanon is a core member of the CP Group family, one of Asia's wealthiest families.\nMr. Jiaravanon, commented, \"U Power's strategy of building intelligent ecosystems that integrate resilient AI, blockchain driven solutions able to transform EVs into dynamic energy assets, has propelled the Company at the forefront of a global technological revolution for a more sustainable future. Via partnerships and investments in next-generation technologies, U Power is building a green, sustainable carbon-zero energy storage ecosystem in several markets including Hong Kong SAR, Singapore, Macau SAR, Peru, Mexico, Portugal.\"\nAbout U Power LimitedU Power is a comprehensive provider of electric vehicle (EV) battery swapping solutions using its proprietary modular battery-swapping technology, UOTTA™. U Power manufactures and sells different models of UOTTA battery-swapping stations for EVs, and sells and rents battery swap cabinets to two-wheeled vehicle drivers. U Power also provides battery-swapping services for vehicle drivers and station control system upgrading services for battery-swapping station owners.\nThrough investments in next-generation technologies, U Power's vision is to become a comprehensive solutions provider for smart energy grids. Expanding on its UOTTA technology platform, the Company is investing in building intelligent ecosystems that integrate resilient AI driven solutions able to transform electric vehicles (EVs) into dynamic energy assets.\nFor more information, please visit the Company's website: https://www.upower-limited.com/.\nSafe Harbor StatementsThis pre...