U Power Limited (NASDAQ:UCAR) Conducts Southeast Asia's First Public Demonstration of Battery Swap Station at 2025 Bangkok Motor Show

Core Insights - U Power Limited has successfully showcased its UOTTA battery swap station at the 2025 Bangkok International Motor Show, marking a significant step in its Southeast Asian expansion [1] - The company is establishing Thailand's first operational battery swap infrastructure in collaboration with SUSCO, aiming for rapid nationwide deployment [1][2] - U Power's initiative aligns with Thailand's EV 3.5 policy, which extends consumer subsidies for battery-swappable vehicles through 2027 [4] Company Overview - U Power Limited focuses on proprietary battery-swapping technology, UOTTA, designed to provide comprehensive battery power solutions for electric vehicles [5] - The company has developed a vehicle sourcing network in China's lower-tier cities and operates a manufacturing facility in Zibo City, Shandong Province, China [5] Strategic Partnerships - The partnership with SUSCO, finalized in March 2025, will co-manage the commercial launch of the battery swap station and develop standardized deployment protocols for coastal tourism markets [2][3] - U Power aims to create a collaborative ecosystem that empowers local energy partners to adopt its open-architecture platform, facilitating sustainable infrastructure expansion [3] Market Impact - The operational battery swap station in Phuket will initially service electric taxis and hailing vehicles, creating Thailand's first operational battery-swap ecosystem [3] - The initiative is positioned as a scalable model for electrification across ASEAN's tourism economies, supporting market demand and national policy frameworks [4]