U Power Enters Macau Market; Signs of Its First Electric Service Provider ("ESP") Agreement in Macau
U Power Limited (Nasdaq: UCAR), an EV battery-swapping solutions provider, has announced its entry into the Macau market through its first Electric Service Provider (ESP) agreement. The partnership aims to establish a comprehensive battery-swapping ecosystem in Macau.
Under the three-year agreement, the local ESP will manage the installation and maintenance of U Power's UOTTA smart battery-swapping stations and cabinets. Through collaboration with UNEX EV B.V., U Power will facilitate the sale and maintenance of compatible battery-swapping vehicles. The ESP partner projects sales of approximately 600 four-wheeled and 5,000 two-wheeled compatible battery-swapping vehicles to end users.
The company views this partnership as a strategic step in its global expansion plans, with intentions to replicate this ESP model in other regional markets including Hong Kong SAR and Singapore.
U Power Limited (Nasdaq: UCAR), fornitore di soluzioni per lo scambio di batterie per veicoli elettrici, ha annunciato il suo ingresso nel mercato di Macao attraverso il suo primo accordo con un Fornitore di Servizi Elettrici (ESP). La partnership mira a creare un ecosistema completo per lo scambio di batterie a Macao.
Secondo l'accordo triennale, l'ESP locale gestirà l'installazione e la manutenzione delle stazioni e armadietti intelligenti per lo scambio di batterie UOTTA di U Power. In collaborazione con UNEX EV B.V., U Power faciliterà la vendita e la manutenzione di veicoli compatibili con il sistema di scambio batterie. Il partner ESP prevede vendite di circa 600 veicoli a quattro ruote e 5.000 veicoli a due ruote compatibili con il sistema di scambio batterie agli utenti finali.
L'azienda considera questa collaborazione un passo strategico nei suoi piani di espansione globale, con l'intenzione di replicare questo modello ESP in altri mercati regionali, inclusi Hong Kong SAR e Singapore.
U Power Limited (Nasdaq: UCAR), proveedor de soluciones para el intercambio de baterías de vehículos eléctricos, ha anunciado su entrada en el mercado de Macao mediante su primer acuerdo con un Proveedor de Servicios Eléctricos (ESP). La asociación tiene como objetivo establecer un ecosistema integral de intercambio de baterías en Macao.
Bajo el acuerdo de tres años, el ESP local se encargará de la instalación y mantenimiento de las estaciones y gabinetes inteligentes para intercambio de baterías UOTTA de U Power. En colaboración con UNEX EV B.V., U Power facilitará la venta y mantenimiento de vehículos compatibles con el intercambio de baterías. El socio ESP proyecta ventas de aproximadamente 600 vehículos de cuatro ruedas y 5.000 vehículos de dos ruedas compatibles con el sistema de intercambio de baterías para usuarios finales.
La compañía considera esta alianza como un paso estratégico en sus planes de expansión global, con la intención de replicar este modelo ESP en otros mercados regionales, incluyendo Hong Kong SAR y Singapur.
U Power Limited (나스닥: UCAR)는 전기차 배터리 교환 솔루션 제공업체로서, 마카오 시장에 첫 번째 전기 서비스 제공업체(ESP) 계약을 통해 진출했다고 발표했습니다. 이번 파트너십은 마카오에 포괄적인 배터리 교환 생태계를 구축하는 것을 목표로 합니다.
3년 계약에 따라 현지 ESP는 U Power의 UOTTA 스마트 배터리 교환 스테이션 및 캐비닛 설치와 유지보수를 관리합니다. UNEX EV B.V.와 협력하여, U Power는 호환 가능한 배터리 교환 차량의 판매 및 유지보수를 지원할 예정입니다. ESP 파트너는 최종 사용자에게 약 4륜 600대, 2륜 5,000대의 호환 배터리 교환 차량 판매를 예상하고 있습니다.
회사는 이번 파트너십을 글로벌 확장 계획의 전략적 단계로 보고 있으며, 홍콩 특별행정구 및 싱가포르 등 다른 지역 시장에서도 이 ESP 모델을 확장할 계획입니다.
U Power Limited (Nasdaq : UCAR), fournisseur de solutions d’échange de batteries pour véhicules électriques, a annoncé son entrée sur le marché de Macao via son premier accord avec un Fournisseur de Services Électriques (ESP). Ce partenariat vise à établir un écosystème complet d’échange de batteries à Macao.
Dans le cadre d’un accord de trois ans, l’ESP local prendra en charge l’installation et la maintenance des stations et armoires d’échange de batteries intelligentes UOTTA de U Power. En collaboration avec UNEX EV B.V., U Power facilitera la vente et l’entretien des véhicules compatibles avec l’échange de batteries. Le partenaire ESP prévoit la vente d’environ 600 véhicules à quatre roues et 5 000 véhicules à deux roues compatibles auprès des utilisateurs finaux.
L’entreprise considère ce partenariat comme une étape stratégique dans ses plans d’expansion mondiale, avec l’intention de reproduire ce modèle ESP dans d’autres marchés régionaux, notamment à Hong Kong RAS et à Singapour.
U Power Limited (Nasdaq: UCAR), ein Anbieter von Batterietauschlösungen für Elektrofahrzeuge, hat seinen Eintritt in den Markt von Macau durch seinen ersten Vertrag mit einem Elektrischen Dienstleister (ESP) bekannt gegeben. Die Partnerschaft zielt darauf ab, ein umfassendes Batterietausch-Ökosystem in Macau aufzubauen.
Im Rahmen der dreijährigen Vereinbarung wird der lokale ESP die Installation und Wartung der UOTTA intelligenten Batterietauschstationen und -schränke von U Power übernehmen. In Zusammenarbeit mit UNEX EV B.V. wird U Power den Verkauf und die Wartung kompatibler Batterietauschfahrzeuge erleichtern. Der ESP-Partner prognostiziert den Verkauf von etwa 600 vierrädrigen und 5.000 zweirädrigen kompatiblen Batterietauschfahrzeugen an Endkunden.
Das Unternehmen sieht diese Partnerschaft als strategischen Schritt in seinen globalen Expansionsplänen und beabsichtigt, dieses ESP-Modell in weiteren regionalen Märkten wie Hongkong SAR und Singapur zu replizieren.
- Entry into new market (Macau) through first ESP agreement
- Projected sales of 600 four-wheeled and 5,000 two-wheeled vehicles over three years
- Strategic partnership for installation and maintenance of battery-swapping infrastructure
- Potential expansion to Hong Kong SAR and Singapore markets
- None.
Insights
U Power enters Macau with ESP partnership, projecting sales of 600 four-wheeled and 5,000 two-wheeled battery-swapping vehicles over three years.
This partnership marks U Power's strategic entry into the Macau market through an innovative Electric Service Provider (ESP) model. The agreement establishes a comprehensive ecosystem where the local ESP will handle installation and maintenance of UOTTA battery-swapping stations and cabinets, while facilitating sales of compatible electric vehicles in collaboration with UNEX EV B.V.
The projected volume of
What's particularly notable is U Power's explicit intention to replicate this ESP partnership model in other regional markets including Hong Kong and Singapore. This signals a methodical expansion strategy using Macau as proof-of-concept before scaling to larger markets. The ESP model appears designed to accelerate market penetration while potentially reducing capital intensity, as local partners manage infrastructure deployment.
Battery-swapping technology addresses fundamental EV adoption barriers by eliminating charging time constraints and range anxiety. By establishing this infrastructure in Macau, U Power positions itself to demonstrate real-world effectiveness of its UOTTA system in a contained environment.
While the press release doesn't provide financial projections or revenue expectations from this agreement, the three-year timeframe suggests a gradual implementation that aligns with careful market development rather than aggressive short-term growth. This methodical approach to building battery-swapping ecosystems could strengthen U Power's foundation for sustainable regional expansion.
ESP Agreement to Facilitate the Deployment of UOTTA Battery-Swapping Stations and Sales of Four-Wheeled and Two-Wheeled Battery-Swapping Vehicles
Pursuant to the agreement, the local ESP will be responsible for the installation and maintenance of U Power's UOTTA smart battery-swapping stations and cabinets in
Over a three-year period, the ESP partner expects to be buying and then selling to the end users approximately 600 four-wheeled and 5,000 two-wheeled compatible battery-swapping vehicles, along with operating a corresponding number of battery-swapping stations and cabinets.
Johnny Lee, CEO and Chairman of U Power commented, "We are thrilled to announce U Power's official entry into
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
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
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SOURCE U Power Limited
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