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U Power Announces Official Entry into Web 3.0, Ushering in the Next Era of Battery Swapping Solutions

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U Power Limited (NASDAQ:UCAR) announced its entry into Web 3.0 with the launch of its Battery-Bank initiative and development of a Battery-Token solution. The announcement was made by strategic investor Mr. Chatchaval Jiaravanon, a core member of the CP Group family, during the "Web 3.0 Battery Swap Ecosystem Strategy Launch" event in Hong Kong.

The company aims to transform EVs into dynamic energy assets using blockchain and token-based economics. U Power is expanding its sustainable energy storage ecosystem across multiple markets including Hong Kong SAR, Singapore, Macau SAR, Peru, Mexico, and Portugal, focusing on intelligent ecosystems that integrate AI and blockchain-driven solutions.

U Power Limited (NASDAQ:UCAR) ha annunciato il suo ingresso nel Web 3.0 con il lancio dell'iniziativa Battery-Bank e lo sviluppo di una soluzione Battery-Token. L'annuncio è stato fatto dall'investitore strategico Mr. Chatchaval Jiaravanon, membro chiave della famiglia CP Group, durante l'evento "Web 3.0 Battery Swap Ecosystem Strategy Launch" a Hong Kong.

L'azienda punta a trasformare i veicoli elettrici in asset energetici dinamici utilizzando la blockchain e un'economia basata su token. U Power sta espandendo il suo ecosistema di stoccaggio energetico sostenibile in diversi mercati, tra cui Hong Kong SAR, Singapore, Macau SAR, Perù, Messico e Portogallo, concentrandosi su ecosistemi intelligenti che integrano soluzioni basate su AI e blockchain.

U Power Limited (NASDAQ:UCAR) anunció su entrada en Web 3.0 con el lanzamiento de su iniciativa Battery-Bank y el desarrollo de una solución Battery-Token. El anuncio fue realizado por el inversor estratégico Sr. Chatchaval Jiaravanon, miembro fundamental de la familia CP Group, durante el evento "Web 3.0 Battery Swap Ecosystem Strategy Launch" en Hong Kong.

La compañía busca transformar los vehículos eléctricos en activos energéticos dinámicos mediante blockchain y una economía basada en tokens. U Power está expandiendo su ecosistema de almacenamiento de energía sostenible en múltiples mercados, incluyendo Hong Kong SAR, Singapur, Macao SAR, Perú, México y Portugal, enfocándose en ecosistemas inteligentes que integran soluciones impulsadas por IA y blockchain.

U Power Limited (NASDAQ:UCAR)Battery-Bank 이니셔티브 출범과 Battery-Token 솔루션 개발을 통해 Web 3.0에 진출했다고 발표했습니다. 이 발표는 CP 그룹 가족의 핵심 멤버이자 전략 투자자인 Mr. Chatchaval Jiaravanon이 홍콩에서 열린 "Web 3.0 Battery Swap Ecosystem Strategy Launch" 행사에서 했습니다.

회사는 블록체인과 토큰 기반 경제를 활용해 전기차를 역동적인 에너지 자산으로 탈바꿈시키는 것을 목표로 합니다. U Power는 홍콩 SAR, 싱가포르, 마카오 SAR, 페루, 멕시코, 포르투갈 등 여러 시장에서 지속 가능한 에너지 저장 생태계를 확장하며 AI와 블록체인 기반 솔루션을 통합한 지능형 생태계에 집중하고 있습니다.

U Power Limited (NASDAQ:UCAR) a annoncé son entrée dans le Web 3.0 avec le lancement de son initiative Battery-Bank et le développement d'une solution Battery-Token. L'annonce a été faite par l'investisseur stratégique M. Chatchaval Jiaravanon, membre clé de la famille CP Group, lors de l'événement "Web 3.0 Battery Swap Ecosystem Strategy Launch" à Hong Kong.

L'entreprise vise à transformer les véhicules électriques en actifs énergétiques dynamiques grâce à la blockchain et à une économie basée sur les tokens. U Power étend son écosystème de stockage d'énergie durable sur plusieurs marchés, notamment Hong Kong RAS, Singapour, Macao RAS, Pérou, Mexique et Portugal, en se concentrant sur des écosystèmes intelligents intégrant des solutions basées sur l'IA et la blockchain.

U Power Limited (NASDAQ:UCAR) gab seinen Einstieg in Web 3.0 mit der Einführung der Battery-Bank-Initiative und der Entwicklung einer Battery-Token-Lösung bekannt. Die Ankündigung erfolgte durch den strategischen Investor Herrn Chatchaval Jiaravanon, ein Kernmitglied der CP Group-Familie, während der Veranstaltung "Web 3.0 Battery Swap Ecosystem Strategy Launch" in Hongkong.

Das Unternehmen hat das Ziel, Elektrofahrzeuge mithilfe von Blockchain und tokenbasierter Ökonomie in dynamische Energieanlagen zu verwandeln. U Power erweitert sein nachhaltiges Energiespeicher-Ökosystem in mehreren Märkten, darunter Hongkong SAR, Singapur, Macau SAR, Peru, Mexiko und Portugal, mit Fokus auf intelligente Ökosysteme, die KI- und Blockchain-basierte Lösungen integrieren.

Positive
  • Strategic backing from CP Group family member indicates strong financial support
  • Geographic expansion into 6 international markets
  • Innovation in combining blockchain technology with EV battery solutions
Negative
  • None.

Transforming EVs Into Dynamic Energy Assets Using Web 3.0 Blockchain and Token-Based Economics

SHANGHAI, June 25, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of comprehensive electric vehicle ("EV") battery-swapping solutions with a vision of becoming a smart energy grid solutions provider, today announced the launch of its innovative Battery-Bank initiative and the development of a Battery-Token solution, using Web 3.0 blockchain and token-based economics.

The launch of Battery-Bank and Battery-Token strategy was announced by U Power's strategic investor, Mr. Chatchaval Jiaravanon, during the "Web 3.0 Battery Swap Ecosystem Strategy Launch" event held in Hong Kong on June 20, 2025. Of note, Mr. Jiaravanon is a core member of the CP Group family, one of Asia's wealthiest families.

Mr. Jiaravanon, commented, "U Power's strategy of building intelligent ecosystems that integrate resilient AI, blockchain driven solutions able to transform EVs into dynamic energy assets, has propelled the Company at the forefront of a global technological revolution for a more sustainable future. Via partnerships and investments in next-generation technologies, U Power is building a green, sustainable carbon-zero energy storage ecosystem in several markets including Hong Kong SAR, Singapore, Macau SAR, Peru, Mexico, Portugal."

About U Power Limited
U Power is a comprehensive provider of electric vehicle (EV) battery swapping solutions using its proprietary modular battery-swapping technology, UOTTA™. U Power manufactures and sells different models of UOTTA battery-swapping stations for EVs, and sells and rents battery swap cabinets to two-wheeled vehicle drivers. U Power also provides battery-swapping services for vehicle drivers and station control system upgrading services for battery-swapping station owners.

Through investments in next-generation technologies, U Power's vision is to become a comprehensive solutions provider for smart energy grids. Expanding on its UOTTA technology platform, the Company is investing in building intelligent ecosystems that integrate resilient AI driven solutions able to transform electric vehicles (EVs) into dynamic energy assets.

For more information, please visit the Company's website: https://www.upower-limited.com/.

Safe Harbor Statements
This press release contains "forward-looking statements". Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to review other factors that may affect its future results in the Company's registration statements and other filings with the U.S. Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. References and links (including QR codes) to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

Contact
U Power Limited
Investor Relations Department
ir@upincar.com

The Equity Group
Lena Cati, Senior Vice President
212-836-9611 / lcati@theequitygroup.com 

Alice Zhang, Associate
212-836-9610 / azhang@theequitygroup.com  

Cision View original content:https://www.prnewswire.com/news-releases/u-power-announces-official-entry-into-web-3-0--ushering-in-the-next-era-of-battery-swapping-solutions-302490427.html

SOURCE U Power Limited

FAQ

What is U Power's (NASDAQ:UCAR) new Web 3.0 initiative?

U Power announced the launch of its Battery-Bank initiative and Battery-Token solution, which uses Web 3.0 blockchain and token-based economics to transform EVs into dynamic energy assets.

Who announced U Power's Web 3.0 battery swap strategy?

The strategy was announced by Mr. Chatchaval Jiaravanon, U Power's strategic investor and core member of the CP Group family, during an event in Hong Kong on June 20, 2025.

Which markets is U Power (UCAR) expanding its energy storage ecosystem to?

U Power is expanding its sustainable energy storage ecosystem to Hong Kong SAR, Singapore, Macau SAR, Peru, Mexico, and Portugal.

How is U Power incorporating blockchain technology into its EV solutions?

U Power is integrating blockchain technology through its Battery-Bank initiative and Battery-Token solution to create intelligent ecosystems that combine AI and blockchain-driven solutions for EV battery swapping.
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