U Power Limited Commences Commercial Operations in Peru with UOTTA Battery-Swapping Technology

- UOTTA Two-Wheeler and Three-Wheeler Battery Swapping Solutions Selected by Treep Mobility Group S.A.C.-

SHANGHAI, Jan. 23, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that its UOTTA battery-swapping technology for two-wheeler and three-wheeler electric vehicles has been selected by Treep Mobility Group S.A.C. ("Treep Mobility"), a leading Moto Taxi operator in Peru. 

U Power has successfully completed the pilot deployment in Peru, which includes 2 operational battery-swapping stations, 1 three-wheeler and 10 two-wheeler electric vehicles. Following this successful pilot, Treep Mobility plans to convert its fleet of traditional fuel-powered vehicles to UOTTA's battery-swapping model, with total orders expected to exceed US$1 million.

Treep Mobility strongly endorses UOTTA's shared battery-swapping model, recognizing its ability to maintain operational hours and revenue when transitioning from traditional fuel vehicles to electric vehicles, while reducing operating costs by 30-40% compared to fuel vehicles. This green and economical transportation solution aligns with environmental development trends.

The UOTTA solution integrates AI technology through its cloud platform and station control system, effectively predicting customer demand and optimizing charging and swapping efficiency to enhance overall operational efficiency. The AI technology also provides targeted solutions based on operational data analysis of vehicles and swapping stations.

"The Moto Taxi market represents an enormous opportunity in Peru and South America," said Jia Li, Chairman and CEO of U Power. "Peru alone has over 100,000 registered Moto Taxis, and South America adds more than 300,000 new electric three-wheeler and two-wheeler motorcycles annually. Treep Mobility's partnership demonstrates that the battery-swapping model is a more economical, convenient, and profitable choice for companies using three-wheeler and two-wheeler motorcycles in passenger transport and delivery services. We believe more companies like Treep Mobility in South America will partner with us, driving sustainable business growth."

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 China's lower-tier cities. The Company has developed two types of battery-swapping stations for compatible EVs and is operating one manufacturing factory in Zibo City, Shandong Province, China. For more information, please visit the Company's website: http://ir.upincar.com/.

Forward-Looking 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 statement and other filings with the U.S. Securities and Exchange Commission.

Contact

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

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

U Power Limited Commences Commercial Operations in Peru with UOTTA Battery-Swapping Technology

Envision doubles down on the renewable energy system with its launch of Dubhe, an energy foundation model shaping the AI energy system.

ABU DHABI, UAE, Jan. 15, 2026 /PRNewswire/ -- Envision, the global leader in green technology, today announced the launch of Dubhe, its groundbreaking Energy Foundation Model, designed to shape the world's largest Physical AI system – the AI energy system.

Inspired by Dubhe, the guiding star of the Big Dipper that has helped humanity navigate by the North Star for thousands of years, the Dubhe Energy Foundation Model was unveiled by Lei Zhang, Founder and CEO of Envision, during the Abu Dhabi Sustainability Week.

Dubhe sits at the core of Envision's Physical AI architecture, analysing vast real-world energy data streams to orchestrate renewable generation, storage, grids, and demand in real time. By unlocking the abundance of renewable resources and driving costs toward near-zero marginal levels, Dubhe enables energy systems to scale in step with AI—addressing the unprecedented energy demands that AI places on global infrastructure.

"For centuries, Dubhe guided humanity through the night sky. Today, Dubhe is the guiding star of the AI era—shaping the AI energy system with a foundation that is infinite, intelligent, and inexpensive, supporting the prosperity of a new civilization." Says Lei.

Shaping the AI Energy System: From Large Language Models to Physical Artificial Intelligence

While large language models have transformed the digital world, Envision believes the next leap lies in Physical Artificial Intelligence—AI that directly governs the physical systems essential to human survival and prosperity.

Dubhe works in tandem with Tianji, Envision's large-scale weather foundation model. Because renewable energy depends on weather, Tianji provides the predictive intelligence that allows Physical AI to anticipate and respond to weather-driven variability, ensuring the energy system operates efficiently and reliably at scale.

"Language models understand words. Physical AI understands the world. Energy is the foundation of all systems." Says Lei. "This isn't just an energy transition. It's a civilizational upgrade, laying the foundation for human prosperity within planetary boundaries."

Strategic Partnership with Masdar to Advance AI Energy System Deployment

Envision also signed a strategic cooperation agreement with Masdar, the UAE's clean energy champion, to jointly unveil the future-oriented AI Energy System.The signing was witnessed by HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, Masdar Chairman, together with Lei Zhang.

Under the agreement, Masdar recognizes Envision as a strategic partner in renewable energy technology sectors, including wind power, energy storage, and green hydrogen, to jointly advance the large-scale deployment of AI energy systems and accelerate the global energy transition.

About Envision 

Envision is a world-leading green technology company that provides renewable energy solutions for global enterprises, governments, and institutions. Encompassing three major business sectors - Smart Wind Turbines, Energy Storage, and Green Hydrogen Solutions, Envision collaboratively constructs comprehensive solutions for energy transformation.

Envision has received several accolades for its sustainability performance, including the EcoVadis Gold Medal and the CDP "A-List". It was also recognized in Fortune's "Change the World" list and ranked among the top 10 smartest companies by the MIT Technology Review.

Today, Envision leverages its global network of R&D and engineering centers across the United States, UK, France, Germany, Denmark, China, etc. to continuously lead global green technology development. Envision joined the Science Based Targets initiative (SBTi) and committed to achieving the "Business Ambition for 1.5°C" in 2021. It has achieved carbon neutrality across its global operations by 2022 and will achieve carbon neutrality throughout its value chain by 2028.

For more, please visit envision-group.com.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Envision Launches Dubhe, Shaping the AI Energy System with the World's First Energy Foundation Model

Envision Launches Dubhe, Shaping the AI Energy System with the World's First Energy Foundation Model