- U Power Limited (NASDAQ:UCAR) enters Web 3.0 with a new Battery-Bank initiative and Battery-Token solution.
- The strategic announcement was made during an event in Hong Kong by investor Mr. Chatchaval Jiaravanon.
- The company plans to expand its sustainable energy storage solutions across Hong Kong, Singapore, Macau, Peru, Mexico, and Portugal.
U Power Limited (UCAR, Financial) has officially announced its entrance into the Web 3.0 sphere, launching an ambitious Battery-Bank initiative alongside a Battery-Token solution. This development aims to leverage blockchain technology to transform electric vehicles (EVs) into dynamic energy assets through token-based economics. The announcement was made by Mr. Chatchaval Jiaravanon, a strategic investor and vital member of the CP Group family, during the "Web 3.0 Battery Swap Ecosystem Strategy Launch" event in Hong Kong.
The company's new venture focuses on creating intelligent ecosystems that integrate AI and blockchain-driven solutions. This strategic move positions U Power at the cutting edge of the global technological revolution, fostering a more sustainable future by redefining the energy assets in the EV landscape.
U Power is poised to expand its innovative, sustainable energy storage ecosystem across multiple international markets, including Hong Kong SAR, Singapore, Macau SAR, Peru, Mexico, and Portugal. The company's initiatives aim to bolster its footprint in the smart energy grid sector through the adoption and integration of next-generation technologies.
As part of its strategic goals, U Power leverages its proprietary modular battery-swapping technology, UOTTAâ„¢, to provide comprehensive battery-swapping solutions. This includes manufacturing and selling UOTTA battery-swapping stations and offering rental services for two-wheeled vehicles. Through these efforts, U Power seeks to build a carbon-zero energy storage ecosystem, aligning with global sustainability objectives.
