U POWER LIMITED (NASDAQ:UCAR) and ELMO Joint Venture Pioneer Rapid Battery-Swapping Solutions for Portugal's Taxi Sector
U Power (NASDAQ:UCAR) and its joint venture ELMO have announced a groundbreaking initiative with ANTRAL to transform Portugal's taxi sector through battery-swapping technology. The project was unveiled at ANTRAL's 50th Anniversary & XVI Taxi Day in Lisbon from April 10-13, 2025.
The initiative includes the deployment of 150-200 battery-swapping electric vehicles specifically designed for taxi operators, supported by UOTTA rapid-swap stations that can complete battery exchanges within minutes. ELMO is in advanced talks with Galp, Portugal's leading energy provider, to integrate these stations into existing service locations.
The partnership aims to address downtime challenges in commercial fleets while promoting zero-emission transport. This collaboration between U Power's technical expertise and ANTRAL's market presence is positioned as a potential model for sustainable urban mobility worldwide.
U Power (NASDAQ:UCAR) e la sua joint venture ELMO hanno annunciato un'iniziativa rivoluzionaria con ANTRAL per trasformare il settore dei taxi in Portogallo attraverso la tecnologia di sostituzione delle batterie. Il progetto è stato presentato in occasione del 50° anniversario di ANTRAL e del XVI Taxi Day a Lisbona, dal 10 al 13 aprile 2025.
L'iniziativa prevede l'introduzione di 150-200 veicoli elettrici con batteria sostituibile, progettati appositamente per i tassisti, supportati dalle stazioni di cambio rapido UOTTA, capaci di completare lo scambio delle batterie in pochi minuti. ELMO è in trattative avanzate con Galp, principale fornitore energetico portoghese, per integrare queste stazioni nei punti di servizio esistenti.
La partnership mira a risolvere i problemi di inattività delle flotte commerciali, promuovendo al contempo il trasporto a zero emissioni. Questa collaborazione, che unisce l'expertise tecnica di U Power alla presenza sul mercato di ANTRAL, si propone come modello di mobilità urbana sostenibile a livello globale.
U Power (NASDAQ:UCAR) y su empresa conjunta ELMO han anunciado una iniciativa innovadora con ANTRAL para transformar el sector del taxi en Portugal mediante la tecnología de intercambio de baterías. El proyecto fue presentado durante el 50º aniversario de ANTRAL y el XVI Día del Taxi en Lisboa, del 10 al 13 de abril de 2025.
La iniciativa incluye el despliegue de 150-200 vehículos eléctricos con baterías intercambiables, diseñados específicamente para taxistas, apoyados por estaciones de intercambio rápido UOTTA que pueden completar el cambio de batería en minutos. ELMO mantiene negociaciones avanzadas con Galp, el principal proveedor de energía de Portugal, para integrar estas estaciones en ubicaciones de servicio existentes.
La alianza busca resolver los tiempos de inactividad en las flotas comerciales, promoviendo al mismo tiempo el transporte cero emisiones. Esta colaboración entre la experiencia técnica de U Power y la presencia de ANTRAL en el mercado se presenta como un modelo potencial para la movilidad urbana sostenible a nivel mundial.
U Power (NASDAQ:UCAR)와 그 합작회사 ELMO는 ANTRAL과 함께 배터리 교체 기술을 통해 포르투갈 택시 산업을 혁신하는 획기적인 프로젝트를 발표했습니다. 이 프로젝트는 2025년 4월 10일부터 13일까지 리스본에서 열린 ANTRAL 50주년 및 제16회 택시의 날 행사에서 공개되었습니다.
이 사업에는 택시 운전자를 위해 특별히 설계된 150~200대의 배터리 교환 전기차 배치가 포함되며, UOTTA의 고속 교체 스테이션을 통해 몇 분 만에 배터리 교체가 완료됩니다. ELMO는 포르투갈 주요 에너지 공급업체인 Galp와 기존 서비스 장소에 이 스테이션을 통합하기 위한 협상을 진행 중입니다.
이번 파트너십은 상업용 차량의 가동 중단 문제를 해결하고 무공해 교통을 촉진하는 것을 목표로 합니다. U Power의 기술 전문성과 ANTRAL의 시장 입지를 결합한 이번 협력은 전 세계 지속 가능한 도시 모빌리티의 모범 사례가 될 전망입니다.
U Power (NASDAQ:UCAR) et sa coentreprise ELMO ont annoncé une initiative révolutionnaire avec ANTRAL pour transformer le secteur des taxis au Portugal grâce à la technologie d’échange de batteries. Le projet a été dévoilé lors du 50e anniversaire d’ANTRAL et de la XVIe Journée du Taxi à Lisbonne, du 10 au 13 avril 2025.
L’initiative prévoit le déploiement de 150 à 200 véhicules électriques à échange de batteries, spécialement conçus pour les chauffeurs de taxi, soutenus par des stations d’échange rapide UOTTA capables de réaliser l’opération en quelques minutes. ELMO est en pourparlers avancés avec Galp, principal fournisseur d’énergie au Portugal, pour intégrer ces stations dans les points de service existants.
Ce partenariat vise à réduire les temps d’immobilisation des flottes commerciales tout en favorisant le transport zéro émission. Cette collaboration, alliant l’expertise technique de U Power à la présence de marché d’ANTRAL, se positionne comme un modèle potentiel de mobilité urbaine durable à l’échelle mondiale.
U Power (NASDAQ:UCAR) und sein Joint Venture ELMO haben eine bahnbrechende Initiative mit ANTRAL angekündigt, um den portugiesischen Taximarkt durch Batteriewechseltechnologie zu revolutionieren. Das Projekt wurde anlässlich des 50-jährigen Jubiläums von ANTRAL und des XVI. Taxi-Tages in Lissabon vom 10. bis 13. April 2025 vorgestellt.
Die Initiative umfasst den Einsatz von 150-200 batteriewechselbaren Elektrofahrzeugen, die speziell für Taxiunternehmen entwickelt wurden und von UOTTA-Schnellwechselstationen unterstützt werden, die den Batteriewechsel in wenigen Minuten ermöglichen. ELMO befindet sich in fortgeschrittenen Gesprächen mit Galp, Portugals führendem Energieanbieter, um diese Stationen in bestehende Servicestandorte zu integrieren.
Die Partnerschaft zielt darauf ab, Ausfallzeiten in gewerblichen Fahrzeugflotten zu reduzieren und gleichzeitig den emissionsfreien Verkehr zu fördern. Die Zusammenarbeit zwischen U Powers technischer Expertise und ANTRALs Marktpräsenz gilt als potenzielles Modell für nachhaltige urbane Mobilität weltweit.
- Strategic partnership with Portugal's leading energy provider Galp for infrastructure expansion
- Initial order of 150-200 electric vehicles for taxi fleet deployment
- Innovative UOTTA technology enabling rapid battery swapping in minutes
- Significant capital investment required for infrastructure and fleet deployment
- Success dependent on taxi operator adoption and infrastructure implementation
Insights
U Power's joint venture with ANTRAL represents a strategic market entry into Portugal's commercial fleet sector, with plans to deploy 150-200 battery-swapping electric vehicles specifically for taxi operations. The UOTTA rapid-swap technology addresses a critical pain point in electric vehicle adoption for high-utilization commercial applications by eliminating lengthy charging downtime.
The advanced discussions with Galp, Portugal's leading energy provider, could significantly accelerate infrastructure deployment by integrating UOTTA stations into existing service networks. This creates a potential scalable blueprint for urban mobility transformation that could be replicated in other markets if successful.
While modest in initial scale, this deployment represents a crucial commercial validation for U Power's technology. The taxi sector provides an ideal testing ground as these vehicles typically operate continuously with minimal downtime, precisely where battery-swapping offers maximum advantage over traditional charging. The focus on fleet operators also simplifies deployment by requiring fewer stations to serve a concentrated user base.
The initiative addresses two significant barriers to EV adoption in commercial settings: range anxiety and operational downtime. By enabling battery exchanges faster than traditional refueling, U Power potentially transforms the economic equation for fleet electrification. This positions the company to capture value in the growing urban mobility transition market, though revenue impact will depend on deployment speed and potential expansion beyond the initial rollout.
The potential partnership with Galp represents a strategic infrastructure solution that significantly enhances U Power's deployment model. By leveraging existing service station networks rather than building standalone facilities, the company could dramatically reduce capital expenditure while accelerating market penetration.
This battery-swapping approach creates a distinct competitive advantage in the commercial EV space where traditional charging solutions remain impractical for continuous operation scenarios. The technology effectively decouples energy replenishment from vehicle operation, similar to how mobile phone battery packs extend usage without requiring wall outlets.
For Portugal specifically, this initiative aligns with broader European Union decarbonization mandates and positions the taxi sector as an early adopter that could influence wider commercial fleet transitions. The collaboration model—pairing technology providers with established industry operators and energy companies—creates a balanced ecosystem where implementation barriers are systematically addressed.
While financial details remain unspecified, this deployment represents U Power's first significant commercial application outside its home market, demonstrating cross-border scalability. The focus on rapid battery exchange rather than charging infrastructure development also reduces dependency on grid capacity constraints that typically challenge large-scale electrification efforts.
Success in this project would validate U Power's technology in real-world commercial conditions and potentially create opportunities for similar deployments across Europe's urban centers, where transportation electrification faces similar operational challenges.
A Four-Day Showcase of Innovation and Sustainability
As part of the anniversary festivities, ELMO participated in a dedicated exhibition focused on digital transformation and innovation in the taxi sector, collaborating with leading manufacturers, tech providers, financial institutions, insurers, and specialized service companies. The event highlighted ELMO's mission to drive decarbonization, digitalization, and safety in urban transport, showcasing its pivotal role as a catalyst for sustainable mobility solutions.
Revolutionizing Taxi Operations with Speed and Efficiency
ELMO's strategy prioritizes the rollout of 150–200 battery-swapping electric vehicles designed exclusively for taxi operators, coupled with the installation of UOTTA rapid-swap stations capable of completing full battery exchanges in mere minutes. This breakthrough addresses critical downtime challenges in commercial fleets, enabling drivers to maximize productivity while reducing reliance on traditional charging infrastructure. To amplify accessibility, ELMO is in advanced discussions with Galp,
Leadership Perspectives: A Vision for the Future
Florêncio de Almeida, President of ANTRAL, emphasized the project's transformative potential: "ELMO is poised to redefine the EV market by prioritizing speed and practicality. Imagine replacing a battery faster than refueling a gasoline vehicle—this is the future we're delivering. With our initial order of 150–200 vehicles and Galp's collaboration, we're laying the groundwork for nationwide adoption."
Johnny Lee, CEO of U Power Limited, underscored the partnership's global implications: "By merging U POWER's technical expertise with ANTRAL's market leadership, ELMO isn't just advancing
About ELMO: A visionary joint venture by ANTRAL and Energy U Limited (A subsidiary of U POWER Limited), ELMO accelerates
About ANTRAL: Celebrating 50 years as
About U Power Limited
U Power Limited (Nasdaq: UCAR) is a vehicle sourcing services provider with a vision to become an EV market player primarily focused on its proprietary battery-swapping technology, UOTTA technology. UOTTA is an intelligent modular battery-swapping solution designed to provide comprehensive battery power solutions for EVs. Since its inception in 2013, U Power has established a vehicle sourcing network in
For more information, please visit: https://www.upower-limited.com/
Forward-Looking Statements
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Contact:
U POWER LIMITED
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SOURCE U Power Limited
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