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U Power Announces Plan to Install 55 Smart Battery-Swapping Stations in Hong Kong Aiming to Create a Zero-Carbon EV Charging Ecosystem
Inaugurates Hong Kong's First Smart Battery-Swapping Station, A Zero-Carbon Station, to be Connected to a Battery-Bank Introduces Battery-Token an Innovative
About this update from U Power Limited
[{"type":"text","content":"Inaugurates Hong Kong's First Smart Battery-Swapping Station, A Zero-Carbon Station, to be Connected to a Battery-Bank \n Introduces Battery-Token an Innovative Solution Using Web 3.0 Blockchain and Token-Based Economics\nSHANGHAI, June 24, 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 that on June 20, 2025 it hosted an inauguration ceremony of its first operational demonstration smart battery-swapping station for EVs in Kwai Chung area in Hong Kong. This station marks Hong Kong's first smart battery-swapping station, a zero-carbon swapping station, to be connected to a Battery-Bank. As part of this business model, U Power is also introducing Battery-Token, an innovative solution using Web 3.0 blockchain and token-based economics. \n\nU Power's plan of constructing and installing a total of 55 smart battery-swapping stations for EVs in Hong Kong aims to create a battery-swap ecosystem able of transforming Hong Kong's fleet of 18,000 taxis into greener EVs and promote sustainable and efficient urban transportation. This ecosystem of smart battery-swapping stations will also be able to support a wide range of EV types such as four-wheeled commercial cars, electric buses, in addition to Hong Kong's ferry terminal.\n\nU Power's plan to create an ecosystem of 55 smart battery-swapping stations, is designed using a replicable zero-carbon transportation model for high-density cities, and aligns well with Hong Kong's zero-emission vision as it offers three innovative solutions for:\nIntelligent Battery Swapping: U POWER's self-developed UOTTA™ Intelligent Battery-Swapping System which offers automatic, fast and cost-efficient battery swapping services.Green and Sustainable EV Operations: As per the Memorandum of Understanding (\"MOU\") signed during the inauguration ceremony, U Power will cooperate with the Hong Kong Taxi Drivers & Operators Association to promote the electrification of taxis in Hong Kong and the adoption of the battery swapping model, ensuring maximum battery safety and performance, and transforming taxi operations into greener and more sustainable.Carbon Reduction Activities: As more smart battery-swapping stations are...