Business
U Power Signs Strategic Partnership with Whale Logistics Group for the Purchase and Deployment of Battery-swapping Electric Truck Tractors in Thailand
U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, building on its proprietary UOTTATM electric vehicle (EV) battery-swapping technology, today announced that its wholly-owned subsidiary, U SWAP Company Limited, has entered a strategic partnership agreement with Whale Logistics (Thailand) Co., Ltd. ("Whale Logistics"), to promote the deployment of commercial battery-swapping elec
About this update from U Power Limited
[{"type":"text","content":"Expects to Sign Sales Agreements for Up To 1,000 Electric Truck Tractors, With Initial Delivery Scheduled for April 2026","length":120,"tagName":"p","attribs":{}},{"type":"text","content":"SHANGHAI, Dec. 29, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, building on its proprietary UOTTATM electric vehicle (EV) battery-swapping technology, today announced that its wholly-owned subsidiary, U SWAP Company Limited, has entered a strategic partnership agreement with Whale Logistics (Thailand) Co., Ltd. ("Whale Logistics"), to promote the deployment of commercial battery-swapping electric trucks in Thailand.","length":594,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":227,"url":"https://media.zenfs.com/en/prnewswire.com/4d39a5fce93ce858f9256b5a62c95aa0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/l9Oqk2rLl4wfPLkjdRp_Cg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQwMDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/4d39a5fce93ce858f9256b5a62c95aa0","width":400,"height":227}},"href":"https://mma.prnewswire.com/media/2852023/image.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Whale Logistics (Thailand) Co., Ltd. is part of Whale Logistics Group, one of Thailand's leading integrated logistics service providers, with strong capabilities in warehousing, yard operations, and end-to-end logistics solutions. Operating across key strategic locations including Laem Chabang and the Eastern Economic Corridor (EEC), the Group is recognized for its professional standards, experienced management team, and internationally aligned operating systems, positioning Whale Logistics as a trusted long-term logistics partner for both domestic and international clients.","length":585,"tagName":"p"},{"type":"text","content":"As part of its long-term growth strategy, U Power has secured an order for 1,000 battery-swapping electric vehicles. The delivery of the first batch is 30units and planned for April 2026, which will mark the commencement of the company's commercial operations in Thailand and lay the foundation for broader industry...