U Power To Launch Commercial Operation for its EV Battery Swapping System

April 8, 2024

https://www.prnewswire.com/news-releases/u-power-to-launch-commercial-operation-for-its-ev-battery-swapping-system-302110005.html

SHANGHAI, April 8, 2024 /PRNewswire/ — U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that its battery-swapping and sharing model for two-wheeled and light four-wheeled electric vehicles (EVs) is poised for a formal commercial rollout in Wuhu, Anhui Province, China. The rollout, which is expected to take place during April 2024, follows a successful round of market validations in February. As part of this expansion, U Power plans to establish 60 power-swapping service points which will cater to over 800 customers.

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