U Power and Velo Labs Collaborate to Establish Asset Fund Trading Platform for Battery Banks
U Power (Nasdaq: UCAR) has signed a Memorandum of Understanding with Velo Labs Technology to establish a battery infrastructure investment ecosystem in Thailand. This collaboration aims to create a battery bank asset and fund trading platform based on Velo's blockchain technology, integrating battery assets from various 'UOTTA' battery bank scenarios. The partnership seeks to:
- Accelerate battery bank operations within the UOTTA battery-swapping ecosystem
- Attract external funding for large-scale development of the battery bank industry
- Manage the entire lifecycle of battery assets
- Improve battery utilization rates and residual value
U Power's CEO, Jia Li, believes this partnership will generate consistent returns for shareholders as the importance of battery banks grows with the expansion of electric vehicles and green applications.
U Power (Nasdaq: UCAR) ha firmato un Memorandum of Understanding con Velo Labs Technology per stabilire un ecosistema di investimento nell'infrastruttura delle batterie in Thailandia. Questa collaborazione mira a creare una piattaforma di trading di asset e fondi per banche di batterie basata sulla tecnologia blockchain di Velo, integrando asset di batterie provenienti da vari scenari di banche di batterie 'UOTTA'. La partnership si propone di:
- Accelerare le operazioni delle banche di batterie all'interno dell'ecosistema di scambio di batterie UOTTA
- Attrarre finanziamenti esterni per lo sviluppo su larga scala dell'industria delle banche di batterie
- Gestire l'intero ciclo di vita degli asset delle batterie
- Migliorare i tassi di utilizzo delle batterie e il valore residuo
Il CEO di U Power, Jia Li, crede che questa partnership generer脿 rendimenti costanti per gli azionisti, poich茅 l'importanza delle banche di batterie cresce con l'espansione dei veicoli elettrici e delle applicazioni ecologiche.
U Power (Nasdaq: UCAR) ha firmado un Memorando de Entendimiento con Velo Labs Technology para establecer un ecosistema de inversi贸n en infraestructura de bater铆as en Tailandia. Esta colaboraci贸n tiene como objetivo crear una plataforma de comercio de activos y fondos de bancos de bater铆as basada en la tecnolog铆a blockchain de Velo, integrando activos de bater铆as de varios escenarios de bancos de bater铆as 'UOTTA'. La asociaci贸n busca:
- Acelerar las operaciones de los bancos de bater铆as dentro del ecosistema de intercambio de bater铆as UOTTA
- Atraer financiamiento externo para el desarrollo a gran escala de la industria de bancos de bater铆as
- Gestionar todo el ciclo de vida de los activos de bater铆as
- Mejorar las tasas de utilizaci贸n de bater铆as y el valor residual
El CEO de U Power, Jia Li, cree que esta asociaci贸n generar谩 rendimientos consistentes para los accionistas a medida que la importancia de los bancos de bater铆as crece con la expansi贸n de los veh铆culos el茅ctricos y las aplicaciones ecol贸gicas.
U Power (Nasdaq: UCAR)臧� 韮滉淡鞐愳劀 氚绊劙毽� 鞚疙攧霛� 韴瀽 靸濏儨瓿�毳� 甑稌頃橁赴 鞙勴暣 Velo Labs Technology鞕� 鞏戫暣臧侅劀(MOU)毳� 觳搓舶頄堨姷雼堧嫟. 鞚� 順戨牓鞚� Velo鞚� 敫旊觳挫澑 旮办垹鞚� 旮半皹鞙茧 雼れ枒頃� 'UOTTA' 氚绊劙毽� 鞚�頄� 鞁滊倶毽槫鞐愳劀 氚绊劙毽� 鞛愳偘鞚� 韱淀暕頃橃棳 氚绊劙毽� 鞚�頄� 鞛愳偘 氚� 韼�霌� 瓯半灅 頂岆灚韽�鞚� 毵岆摐電� 瓴冹潉 氇╉憸搿� 頃橁碃 鞛堨姷雼堧嫟. 鞚� 韺岉姼雱堨嫮鞚� 雼れ潓鞚� 於旉惮頃╇媹雼�:
- UOTTA 氚绊劙毽� 甑愴櫂 靸濏儨瓿� 雮挫棎靹� 氚绊劙毽� 鞚�頄� 鞖挫榿鞚� 臧�靻嶍檾
- 氚绊劙毽� 鞚�頄� 靷办梾鞚� 雽�攴滊 臧滊皽鞚� 鞙勴暅 鞕鸽秬 鞛愱笀 鞙犾箻
- 氚绊劙毽� 鞛愳偘鞚� 鞝勳泊 靸濎暊 欤缄赴 甏�毽�
- 氚绊劙毽� 頇滌毄毳犼臣 鞛旍棳 臧�旃� 臧滌劆
U Power鞚� CEO鞚� Jia Li電� 鞚� 韺岉姼雱堨嫮鞚� 鞝勱赴彀檧 雲轨儔 鞚戩毄 頂勲攴鸽灗鞚� 頇曥灔鞐� 霐半澕 氚绊劙毽� 鞚�頄夓潣 欷戩殧靹膘澊 歃濌皜頃棎 霐半澕 欤检＜鞐愱矊 歆�靻嶌爜鞚� 靾橃澋鞚� 彀届稖頃� 瓴冹澊霛缄碃 氙筷碃 鞛堨姷雼堧嫟.
U Power (Nasdaq: UCAR) a sign茅 un protocole d'accord avec Velo Labs Technology afin d'茅tablir un 茅cosyst猫me d'investissement dans l'infrastructure des batteries en Tha茂lande. Cette collaboration vise 脿 cr茅er une plateforme de trading d'actifs et de fonds pour les banques de batteries bas茅e sur la technologie blockchain de Velo, int茅grant des actifs de batteries de divers sc茅narios de banques de batteries 'UOTTA'. Le partenariat vise 脿 :
- Acc茅l茅rer les op茅rations des banques de batteries au sein de l'茅cosyst猫me d'茅change de batteries UOTTA
- Attirer des financements externes pour le d茅veloppement 脿 grande 茅chelle de l'industrie des banques de batteries
- G茅rer l'ensemble du cycle de vie des actifs de batteries
- Am茅liorer les taux d'utilisation des batteries et la valeur r茅siduelle
Le PDG de U Power, Jia Li, estime que ce partenariat g茅n茅rera des rendements constants pour les actionnaires 脿 mesure que l'importance des banques de batteries augmente avec l'expansion des v茅hicules 茅lectriques et des applications 茅cologiques.
U Power (Nasdaq: UCAR) hat ein Memorandum of Understanding mit Velo Labs Technology unterzeichnet, um ein Investitions枚kosystem f眉r Batteriinfrastruktur in Thailand zu schaffen. Diese Zusammenarbeit zielt darauf ab, eine Handelsplattform f眉r Batteriebank-Assets und Fonds basierend auf Velos Blockchain-Technologie aufzubauen, wobei Batterien aus verschiedenen 'UOTTA'-Batteriebank-Szenarien integriert werden. Die Partnerschaft hat folgende Ziele:
- Betrieb der Batteriebanken innerhalb des UOTTA-Batteriewechsel-脰kosystems zu beschleunigen
- Externe Finanzierung f眉r die gro脽fl盲chige Entwicklung der Batteriebankenindustrie anzuziehen
- Den gesamten Lebenszyklus von Batterien zu verwalten
- Die Nutzungraten von Batterien und den Restwert zu verbessern
Der CEO von U Power, Jia Li, glaubt, dass diese Partnerschaft konstante Ertr盲ge f眉r die Aktion盲re generieren wird, da die Bedeutung von Batteriebanken mit der Expansion von Elektrofahrzeugen und gr眉nen Anwendungen w盲chst.
- Establishment of a battery infrastructure investment ecosystem in Thailand
- Creation of a blockchain-based battery bank asset and fund trading platform
- Potential to attract external funding for large-scale development of the battery bank industry
- Improved management of battery asset lifecycle, including utilization and disposal
- Expansion of U Power's UOTTA battery swap business
- None.
Insights
This collaboration between U Power and Velo Labs represents a strategic move into the EV battery infrastructure market. While the immediate financial impact is unclear, the long-term potential is significant. The creation of a battery bank asset and fund trading platform could unlock new revenue streams and attract external investment, potentially boosting U Power's financial position.
However, investors should note that this is still in the early stages, with only a Memorandum of Understanding signed. The success of this venture will depend on factors such as market adoption, regulatory environment and technological implementation. The focus on battery lifecycle management could lead to improved asset utilization and potential cost savings, but the extent of these benefits remains to be seen.
The integration of blockchain technology in battery asset management is a forward-thinking approach. This could potentially revolutionize the way battery assets are tracked, traded and managed throughout their lifecycle. The platform's ability to enhance battery tracking and operational efficiency could lead to significant improvements in the EV ecosystem.
However, the success of this initiative will heavily depend on the robustness and scalability of the blockchain implementation. It's important to consider potential challenges such as transaction speed, energy consumption and interoperability with existing systems. While the concept is promising, the technical execution will be key to realizing the full potential of this collaboration.
This partnership taps into the growing EV market in Thailand, which has been seeing increased government support and consumer interest. The creation of a battery infrastructure investment ecosystem could accelerate EV adoption by addressing key concerns such as battery life and charging infrastructure.
However, the success of this venture will depend on factors such as consumer acceptance, competitive landscape and regulatory support. While the UOTTA battery-swapping ecosystem offers a unique value proposition, it will need to compete with established charging models. The ability to attract external funding through the asset and fund trading platform will be important for scaling operations and gaining market share in this rapidly evolving sector.
This collaboration will create a new development model for the electric vehicle battery bank business, leveraging blockchain technology to enhance battery tracking, user experience, and operational efficiency. Central to this partnership is the establishment of a battery bank asset and fund trading platform based on Velo's blockchain technology. The platform will integrate battery assets from various "UOTTA" battery bank scenarios, including batteries for four-wheel and two-wheel electric vehicles, batteries from various battery swap stations, and batteries used in energy storage projects. Through this platform, the partnership aims to attract external funding to promote large-scale development of the battery bank industry. Additionally, the collaboration will manage the entire lifecycle of battery assets, including battery cascade utilization, dismantling, and environmentally friendly disposal, comprehensively improving battery utilization rates and residual value.
Jia Li, Chairman and CEO of U Power, commented, "Our partnership with Velo Labs demonstrates that as electric vehicles and other green applications develop on a large scale, battery banks will become increasingly important. Once the value system and trading model for battery assets are established, more investors will be attracted to enter this vast market in the future. Our UOTTA battery swap business serves as an ideal carrier for this model and will generate consistent returns for our shareholders."
About U Power Limited
U Power Limited is a vehicle sourcing services provider, with a vision to becoming an EV market player primarily focused on its proprietary battery-swapping technology, or UOTTA technology, which is an intelligent modular battery-swapping technology designed to provide a comprehensive battery power solution for EVs. Since its operation in 2013, the Company has established a vehicle sourcing network in
About Velo Labs Technology Ltd.
Velo Labs Technology Ltd. is a financial technology company based in the
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Contacts
U Power Limited
Investor Relations Department
Email: ir@upincar.com
Robin Yang, Partner
ICR, LLC
Email: UPower.IR@icrinc.com
Phone: +1 (212) 475-0415
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