U Power Ltd. Signs LOI for 300 Battery-Swapping EVs with Hong Kong Tech Company

Reuters08-04

U Power Ltd. Signs LOI for 300 Battery-Swapping EVs with <a href="https://laohu8.com/S/HKRHF">Hong Kong</a> Tech Company

U Power Limited, a leader in AI-powered solutions for energy grids and intelligent transportation, has signed a Letter of Intent with a Hong Kong-based technology company to deploy 300 battery-swapping compatible vehicles. The agreement involves the purchase of MGEP swappable-battery EVs, with the client having submitted an initial deposit. Once finalized, these vehicles will operate commercially, utilizing U Power's smart battery-swapping station in Hong Kong. This initiative aims to incentivize sustainable usage by awarding drivers tokens for each battery swap, which can be exchanged for electricity tariff credits. U Power's CEO, Johnny Lee, emphasized the company's commitment to innovation and expansion in strategic markets, enhancing its global partnerships and driving smarter mobility solutions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. U Power Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN42545) on August 04, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Signs LOI for 300 Battery-Swapping EVs with <a href=\"https://laohu8.com/S/HKRHF\">Hong Kong</a> Tech Company\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        U Power Limited, a leader in AI-powered solutions for energy grids and intelligent transportation, has signed a Letter of Intent with a Hong Kong-based technology company to deploy 300 battery-swapping compatible vehicles. The agreement involves the purchase of MGEP swappable-battery EVs, with the client having submitted an initial deposit. Once finalized, these vehicles will operate commercially, utilizing U Power's smart battery-swapping station in Hong Kong. This initiative aims to incentivize sustainable usage by awarding drivers tokens for each battery swap, which can be exchanged for electricity tariff credits. 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