Core Insights - U Power Limited has officially entered the Singapore market by signing an Electric Service Provider (ESP) agreement to deploy UOTTA smart battery-swapping stations and facilitate the sale of compatible electric vehicles (EVs) [1][2][4] Group 1: Market Entry and Partnerships - The ESP agreement marks U Power's second market entry, following its first agreement in Macau in June 2025 [2] - The local ESP partner will handle the promotion, installation, and maintenance of UOTTA battery-swapping stations, as well as the sale and after-sale maintenance of compatible passenger cars and commercial vans [2][3] Group 2: Sales and Operations - Over the next three years, the ESP partner plans to purchase and sell approximately 5,000 compatible battery-swapping vehicles and retrofit 300 existing MG EP taxis into battery-swapping compatible EVs [3] - The ESP partner will also operate U Power's UOTTA battery-swapping stations and provide battery-swapping services for the vehicles sold [3] Group 3: Company Strategy and Vision - The CEO of U Power expressed excitement about expanding the company's global footprint and establishing a mature battery-swapping ecosystem in Southeast Asia [4] - U Power aims to replicate its ESP model to capture market share by collaborating with reputable local partners [4] Group 4: Technology and Services - U Power is a provider of comprehensive EV battery-swapping solutions using its proprietary UOTTA technology [5] - The company is investing in next-generation technologies to become a comprehensive solutions provider for smart energy grids, integrating AI-driven solutions to transform EVs into dynamic energy assets [6]

Core Insights - U Power Limited has signed its first agreement with an Electric Service Provider (ESP) in Macau to deploy UOTTA battery-swapping stations and sell compatible electric vehicles [1][4] - The ESP will handle the installation and maintenance of the battery-swapping stations and cabinets, while U Power will collaborate with the ESP to facilitate sales and after-sale maintenance of battery-swapping vehicles [2][3] - Over the next three years, the ESP partner anticipates purchasing approximately 600 four-wheeled and 5,000 two-wheeled battery-swapping vehicles [3] Company Overview - U Power is a provider of electric vehicle (EV) battery-swapping solutions, utilizing its proprietary UOTTA technology [5] - The company manufactures and sells various models of UOTTA battery-swapping stations and offers battery-swapping services for vehicle drivers [5][6] - U Power aims to become a comprehensive solutions provider for smart energy grids, investing in next-generation technologies to create intelligent ecosystems [6]