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U Power Announces Strategic Partnership with IoTeX to Accelerate Expansion of Web 3.0 AI-Powered Energy and Transportation System Solutions
Prnewswire· 2025-07-23 12:00
Core Viewpoint - U Power Limited has entered into a Strategic Partnership with IoTeX to purchase Real-World Assets (RWAs) backed by corporate bonds, aimed at strengthening its capital structure and supporting the development of its EV battery-swapping technology [1][2]. Company Overview - U Power Limited specializes in AI-powered solutions for energy grids and intelligent transportation systems, focusing on its proprietary UOTTATM electric vehicle battery-swapping technology [1][6]. - The company is evolving from a battery-swapping station distributor to a provider of comprehensive AI-integrated energy solutions that optimize mobility and grid performance [6][7]. Strategic Partnership Details - The partnership will explore innovative solutions for the tokenization of RWAs, utilizing advanced AI technologies for secure and efficient asset growth [2][3]. - The collaboration is supported by HabitTrade, which will provide technical and strategic support for the token-equity integration [4]. Technological Integration - U Power aims to integrate its AI-empowered smart battery-swapping stations with a decentralized IoT infrastructure, enabling real-time asset tracking and monitoring for safety and performance [4]. - The partnership aligns with U Power's Web 3.0 initiative, focusing on the expansion of battery-token and battery-bank operations [4]. IoTeX Overview - IoTeX is a blockchain platform founded in 2017, dedicated to transforming machine-generated data into collective intelligence for AI applications [5]. - The platform provides infrastructure for connecting physical and digital worlds, including decentralized identity, data verification, smart contracts, and AI frameworks [5]. Industry Implications - The partnership signifies a commitment to sustainable development and technology innovation, leveraging blockchain-based finance (DeFi) for scalable real-world applications in energy and transportation [3].