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 gestir脿 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 faciliter脿 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 bater铆as de veh铆culos el茅ctricos, ha anunciado su entrada en el mercado de Macao mediante su primer acuerdo con un Proveedor de Servicios El茅ctricos (ESP). La asociaci贸n tiene como objetivo establecer un ecosistema integral de intercambio de bater铆as en Macao.
Bajo el acuerdo de tres a帽os, el ESP local se encargar谩 de la instalaci贸n y mantenimiento de las estaciones y gabinetes inteligentes para intercambio de bater铆as UOTTA de U Power. En colaboraci贸n con UNEX EV B.V., U Power facilitar谩 la venta y mantenimiento de veh铆culos compatibles con el intercambio de bater铆as. El socio ESP proyecta ventas de aproximadamente 600 veh铆culos de cuatro ruedas y 5.000 veh铆culos de dos ruedas compatibles con el sistema de intercambio de bater铆as para usuarios finales.
La compa帽铆a considera esta alianza como un paso estrat茅gico en sus planes de expansi贸n global, con la intenci贸n de replicar este modelo ESP en otros mercados regionales, incluyendo Hong Kong SAR y Singapur.
U Power Limited (雮橃姢雼�: UCAR)電� 鞝勱赴彀� 氚绊劙毽� 甑愴櫂 靻旊（靺� 鞝滉车鞐呾泊搿滌劀, 毵堨勾鞓� 鞁滌灔鞐� 觳� 氩堨Ц 鞝勱赴 靹滊箘鞀� 鞝滉车鞐呾泊(ESP) 瓿勳暯鞚� 韱淀暣 歆勳稖頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. 鞚措矆 韺岉姼雱堨嫮鞚� 毵堨勾鞓れ棎 韽磩鞝侅澑 氚绊劙毽� 甑愴櫂 靸濏儨瓿勲ゼ 甑稌頃橂姅 瓴冹潉 氇╉憸搿� 頃╇媹雼�.
3雲� 瓿勳暯鞐� 霐半澕 順勳 ESP電� U Power鞚� UOTTA 鞀る韸� 氚绊劙毽� 甑愴櫂 鞀ろ厡鞚挫厴 氚� 旌愲箘雼� 靹れ箻鞕� 鞙犾氤挫垬毳� 甏�毽暕雼堧嫟. UNEX EV B.V.鞕� 順戨牓頃橃棳, U Power電� 順疙櫂 臧�電ロ暅 氚绊劙毽� 甑愴櫂 彀焿鞚� 韺愲Г 氚� 鞙犾氤挫垬毳� 歆�鞗愴暊 鞓堨爼鞛呺媹雼�. ESP 韺岉姼雱堧姅 斓滌 靷毄鞛愳棎瓴� 鞎� 4毳� 600雽�, 2毳� 5,000雽�鞚� 順疙櫂 氚绊劙毽� 甑愴櫂 彀焿 韺愲Г毳� 鞓堨儊頃橁碃 鞛堨姷雼堧嫟.
須岇偓電� 鞚措矆 韺岉姼雱堨嫮鞚� 旮�搿滊矊 頇曥灔 瓿勴殟鞚� 鞝勲灥鞝� 雼硠搿� 氤搓碃 鞛堨溂氅�, 頇嶌僵 韸闺硠頄夓爼甑� 氚� 鞁标皜韽ゴ 霌� 雼るジ 歆�鞐� 鞁滌灔鞐愳劀霃� 鞚� ESP 氇嵏鞚� 頇曥灔頃� 瓿勴殟鞛呺媹雼�.
U Power Limited (Nasdaq : UCAR), fournisseur de solutions d鈥櫭ヽhange de batteries pour v茅hicules 茅lectriques, a annonc茅 son entr茅e sur le march茅 de Macao via son premier accord avec un Fournisseur de Services 脡lectriques (ESP). Ce partenariat vise 脿 茅tablir un 茅cosyst猫me complet d鈥櫭ヽhange de batteries 脿 Macao.
Dans le cadre d鈥檜n accord de trois ans, l鈥橢SP local prendra en charge l鈥檌nstallation et la maintenance des stations et armoires d鈥櫭ヽhange de batteries intelligentes UOTTA de U Power. En collaboration avec UNEX EV B.V., U Power facilitera la vente et l鈥檈ntretien des v茅hicules compatibles avec l鈥櫭ヽhange de batteries. Le partenaire ESP pr茅voit la vente d鈥檈nviron 600 v茅hicules 脿 quatre roues et 5 000 v茅hicules 脿 deux roues compatibles aupr猫s des utilisateurs finaux.
L鈥檈ntreprise consid猫re ce partenariat comme une 茅tape strat茅gique dans ses plans d鈥檈xpansion mondiale, avec l鈥檌ntention de reproduire ce mod猫le ESP dans d鈥檃utres march茅s r茅gionaux, notamment 脿 Hong Kong RAS et 脿 Singapour.
U Power Limited (Nasdaq: UCAR), ein Anbieter von Batterietauschl枚sungen f眉r 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-脰kosystem in Macau aufzubauen.
Im Rahmen der dreij盲hrigen Vereinbarung wird der lokale ESP die Installation und Wartung der UOTTA intelligenten Batterietauschstationen und -schr盲nke von U Power 眉bernehmen. 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 vierr盲drigen und 5.000 zweir盲drigen kompatiblen Batterietauschfahrzeugen an Endkunden.
Das Unternehmen sieht diese Partnerschaft als strategischen Schritt in seinen globalen Expansionspl盲nen und beabsichtigt, dieses ESP-Modell in weiteren regionalen M盲rkten 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听the Deployment听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鈩�. 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: .
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
[email protected]
The Equity Group
Lena Cati, Senior Vice President
212-836-9611 / [email protected]听
Alice听Zhang, Associate
212-836-9610 / [email protected]听听
View original content:
SOURCE U Power Limited
FAQ
What is U Power's (UCAR) new agreement in Macau about?
How many vehicles does U Power (UCAR) expect to sell in Macau?
What is the role of the ESP partner in U Power's Macau operations?
What are U Power's (UCAR) expansion plans beyond Macau?
Who is U Power's vehicle design partner for the Macau market?
