Prnewswireยท2025-08-11 12:00Core Viewpoint - U Power Limited and its partner UNEX EV are collaborating with Didi Mobility to deploy battery-swapping electric vehicles in Mexico, aiming to enhance the green transformation of the transportation industry and promote energy efficiency [1][2][6]. Company Overview - U Power Limited specializes in AI-powered solutions for energy grids and intelligent transportation systems, focusing on its proprietary UOTTATM battery-swapping technology [1][9]. - UNEX EV is a strategic partner of U Power, responsible for the deployment of battery-swapping vehicles [1][2]. Industry Context - The transportation sector in Mexico is undergoing significant changes, with a focus on electrification and sustainable practices, as it accounts for nearly 25% of national greenhouse gas emissions [4]. - The Mexican ride-hailing market is projected to grow from $2.2 billion in 2024 to $7.5 billion by 2033, driven by a young population and increasing demand for sustainable transportation [5]. Strategic Initiatives - The Letter of Intent (LOI) between UNEX EV and Didi Mobility aims to promote the sales of battery-swapping vehicles and related services to drivers on Didi's platform in Mexico [2][3]. - Both companies plan to establish a stable supply chain for vehicle delivery and spare parts, while also focusing on battery recycling and extending battery life through technology innovation [3]. Market Opportunities - The shift to electric mobility in Mexico is supported by government initiatives, including the electrification of public transport and the introduction of low-cost EVs [4]. - EVs are expected to represent 30-40% of new ride-hailing and taxi vehicle purchases by 2027, indicating a growing market for electric vehicles [5]. Leadership Perspective - The CEO of U Power expressed enthusiasm for the partnership with Didi Mobility, highlighting the alignment with Mexico's national mobility goals and the global shift towards zero-emission transportation [6]. - U Power aims to capitalize on the increasing demand for electric vehicles and smart mobility solutions while contributing to Latin America's decarbonization efforts [6].