U Power Signs Initial Sales Agreement with Treep Mobility for the Purchase and Deployment of Fifty Two- and Three-Wheeled Vehicles, Eight Battery-Swapping Cabinets and Corresponding Number of Compatible Batteries

Rhea-AI Summary

U Power (NASDAQ:UCAR) has signed an initial sales agreement with Treep Mobility, a leading Moto Taxi operator in Peru, following a successful pilot deployment in January 2025. The deal includes the purchase of 50 two- and three-wheeled vehicles, 8 battery-swapping cabinets, and corresponding compatible batteries, valued at $113,000.

The agreement leverages U Power's proprietary UOTTA™ technology for EV battery-swapping, which includes AI-powered monitoring and centralized cabinet network connectivity. Treep Mobility expects to reduce energy replenishment costs by 30-40% compared to traditional fuel vehicles. The partnership targets Peru's moto taxi market, which comprises over 100,000 registered vehicles within a $324 million total motorcycle market growing at a ~3% CAGR.

Positive

• None.

Negative

• Relatively small initial order size of 50 vehicles
• High dependence on single customer for South American market entry

News Market Reaction – UCAR

-0.97% 1.5x vol

1 alert

-0.97% News Effect

-13.1% Trough Tracked

-$98K Valuation Impact

$10M Market Cap

1.5x Rel. Volume

On the day this news was published, UCAR declined 0.97%, reflecting a mild negative market reaction. Argus tracked a trough of -13.1% from its starting point during tracking. This price movement removed approximately $98K from the company's valuation, bringing the market cap to $10M at that time. Trading volume was above average at 1.5x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Accelerating Treep Mobility's Transformation from Fuel-Powered Vehicles to EVs Following Successful Pilot Deployment

SHANGHAI, Sept. 22, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, building on its proprietary UOTTA^TM electric vehicle (EV) battery-swapping technology, today announced that it has signed an initial sales agreement with Treep Mobility Group S.A.C. ("Treep Mobility"), a leading Moto Taxi operator in Peru. Under the agreements, Treep Mobility will purchase and deploy a total of fifty two- and three-wheeled vehicles, eight battery-swapping cabinets and a corresponding number of compatible batteries, all built on U Power's proprietary UOTTA™ electric vehicle (EV) battery-swapping technology.

The sales agreements follow the successful pilot deployment of U Power's battery-swapping vehicles and cabinets in Peru in January 2025, which showcased the effectiveness of U Power's AI-empowered quick and intelligent battery-swapping solutions. These systems not only monitor real-time battery performance but also connect vehicles to a centralized cabinet network, enabling efficient energy management. Treep Mobility recognized U Power's battery-swapping vehicle operation model in maximizing vehicle uptime and boosting revenue potential. By transforming its fuel-powered taxi fleet to electric vehicles, Treep Mobility expects to reduce energy replenishment costs by approximately 30-40% compared to traditional fuel vehicles, while contributing to Peru's environmental sustainability goal, a key consideration in a market with over 100,000 registered moto taxis, part of a $324 million total market of motorcycles in the country growing at a CAGR of ~3%.

Pursuant to the agreements, U Power will deliver a total of fifty two- and three-wheeled UNEX-branded vehicles to Treep Mobility for taxi services, and eight battery-swapping cabinets that will support the energy replenishment activities of the fleet. In addition, U Power will supply a corresponding number of swapping-compatible batteries to Treep Mobility to enable the daily operation of battery swapping cabinets. The initial order is valued at $113,000, and both parties agree to gradually expand their partnership through additional procurement agreements for the purchase and deployment of additional two/three-wheeled vehicles in Peru.

Johnny Lee, CEO and Chairman of U Power commented, "We are excited to formalize our agreement with Treep Mobility, a reflection of our customer's satisfaction and confidence in our two/three-wheeled battery swapping solutions which have demonstrated a proven commercial and operational logic. We look forward to deepening our cooperation with Treep Mobility and expanding our market existence in the Peruvian market and beyond, as South America represents a tremendous electric motorcycles market, growing by over 300,000 new vehicles annually. As we continue to build our growth momentum and increase market exposure through this first step of expansion in South America, we look forward to introducing more of U Power's battery-swapping solutions into this vibrant and fast-growing market."

About U Power Limited

U Power is a provider of comprehensive AI-integrated energy solutions that connect electric vehicles (EVs) with advanced energy infrastructure, optimizing both mobility and grid performance. Originally a distributor of various battery-swapping station models built on its proprietary modular battery-swapping technology UOTTA™, U Power has evolved into a provider of AI-integrated solutions for energy grids and transportation systems.

Through investments in next-generation technologies, U Power is building intelligent ecosystems that integrate resilient AI driven solutions able to transform EVs into dynamic energy assets. By incorporating AI algorithms, U Power's comprehensive solutions for smart energy grids are designed to support autonomous EV driving, optimize energy replenishment efficiency, and seamlessly connect EV assets with advanced AI-powered transportation systems, enabling peak and off-peak energy load balancing.

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  

 

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SOURCE U Power Limited

FAQ

What is the value of U Power's (UCAR) initial sales agreement with Treep Mobility?

The initial sales agreement is valued at $113,000, covering 50 vehicles, 8 battery-swapping cabinets, and compatible batteries.

How much cost reduction can Treep Mobility expect from U Power's (UCAR) EV solution?

Treep Mobility expects to reduce energy replenishment costs by 30-40% compared to traditional fuel vehicles.

What is the size of Peru's motorcycle market that U Power (UCAR) is entering?

Peru's motorcycle market is valued at $324 million, with over 100,000 registered moto taxis, growing at a CAGR of approximately 3%.

What does U Power's (UCAR) agreement with Treep Mobility include?

The agreement includes 50 two- and three-wheeled vehicles, 8 battery-swapping cabinets, and compatible batteries based on UOTTA™ technology.

When did U Power (UCAR) complete its pilot deployment with Treep Mobility in Peru?

U Power completed its successful pilot deployment in January 2025, demonstrating the effectiveness of its battery-swapping solutions.