Core Viewpoint - U Power Limited has signed a Memorandum of Understanding (MOU) with NV Gotion Co., LTD to develop battery-swapping solutions and battery-bank operations for electric vehicles (EVs) in Thailand and Southeast Asia [1][2][4]. Company Overview - U Power Limited specializes in electric vehicle battery-swapping solutions and is transitioning towards becoming a smart energy grid solutions provider [1][7]. - The company utilizes its proprietary modular battery-swapping technology, UOTTA™, to manufacture and sell various models of battery-swapping stations and provides battery-swapping services [6]. Strategic Partnership - The MOU establishes a strategic partnership between U Power and NV Gotion to develop battery modules and packs for a range of EVs, including two- and three-wheelers, pickup trucks, vans, light-duty trucks, and heavy-duty trucks [2]. - The partnership aims to create a battery-swapping infrastructure in Thailand and develop comprehensive battery-bank operations, including battery leasing and vehicle-to-grid (V2G) solutions [2][4]. Market Positioning - U Power has previously signed several MOUs and joint ventures to create a network of battery-swapping stations strategically located at fueling stations across Thailand [3]. - The company is focused on addressing the growing demand for reliable EV battery supplies in Southeast Asia, leveraging NV Gotion's vertically integrated battery manufacturing capabilities [4][5]. Future Outlook - U Power is investing in next-generation technologies to build intelligent ecosystems that integrate AI-driven solutions, transforming EVs into dynamic energy assets [7].

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]