U Power Limited Partners with Beijing Foton International Trade Co. to Promote Electric Vehicle Battery Swapping Solutions

U Power Limited, a provider of comprehensive electric vehicle (EV) battery-swapping solutions, has signed a Memorandum of Understanding (MOU) with Beijing Foton International Trade Co., Ltd., a subsidiary of Foton Motor, a leading commercial vehicle manufacturer in China. The partnership aims to promote battery-swapping compatible electric heavy trucks, buses, and vans in the Southeast Asia, South America, Hong Kong SAR, and Macau SAR markets.

Under the agreement, U Power will provide technological support to enable incorporation of battery-swapping capabilities on Beijing Foton vehicles, as well as development and testing of battery-swapping stations to serve electric vehicle models. Beijing Foton will gather and share performance data such as battery charging, health, and capacity records. The two parties may also expand their agreement to include additional cooperation opportunities in the future.

Johnny Lee, CEO and Chairman of U Power, commented on the partnership, stating that it marks another significant step forward in the company's strategy of expanding its OEM partner base. Through joint promotional and sales efforts, U Power expects to accelerate the establishment of a comprehensive battery-swapping and battery-bank ecosystem in several of its existing key markets.

Key Takeaways:

• U Power Limited has partnered with Beijing Foton International Trade Co., Ltd. to promote battery-swapping compatible electric heavy trucks, buses, and vans in Southeast Asia, South America, Hong Kong SAR, and Macau SAR markets.
• U Power will provide technological support to enable incorporation of battery-swapping capabilities on Beijing Foton vehicles and develop battery-swapping stations to serve electric vehicle models.
• Beijing Foton will gather and share performance data such as battery charging, health, and capacity records.
• The partnership may expand to include additional cooperation opportunities in the future.
• This partnership marks another significant step forward in U Power's strategy of expanding its OEM partner base.

Statistics:

• U Power has signed a MOU with Beijing Foton International Trade Co., Ltd.
• The partnership covers four markets: Southeast Asia, South America, Hong Kong SAR, and Macau SAR.
• U Power's UOTTA battery-swapping technology is used in the partnership.

Sources:

• U Power Limited (press release)
• Beijing Foton International Trade Co., Ltd. (press release)
• Foton Motor (website)
• U Power Limited (website)