U Power Ltd. Signs LOI for 300 Battery-Swapping EVs with Hong Kong Tech Company

Reuters

08/04

U Power Ltd. Signs LOI for 300 Battery-Swapping EVs with <a href="https://laohu8.com/S/HKRHF">Hong Kong</a> Tech Company

U Power Limited, a leader in AI-powered solutions for energy grids and intelligent transportation, has signed a Letter of Intent with a Hong Kong-based technology company to deploy 300 battery-swapping compatible vehicles. The agreement involves the purchase of MGEP swappable-battery EVs, with the client having submitted an initial deposit. Once finalized, these vehicles will operate commercially, utilizing U Power's smart battery-swapping station in Hong Kong. This initiative aims to incentivize sustainable usage by awarding drivers tokens for each battery swap, which can be exchanged for electricity tariff credits. U Power's CEO, Johnny Lee, emphasized the company's commitment to innovation and expansion in strategic markets, enhancing its global partnerships and driving smarter mobility solutions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. U Power Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN42545) on August 04, 2025, and is solely responsible for the information contained therein.

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ID: CN42545) on August 04, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01137","symbol_name":"香港科技探索","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250804:nNDL8KmhfS:1","article_id":"2556389284","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2556389284","pubTimestamp":1754308914,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"U Power Limited, a leader in AI-powered solutions for energy grids and intelligent transportation, has signed a Letter of Intent with a Hong Kong-based technology company to deploy 300 battery-swapping compatible vehicles. 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