U Power Ltd. has entered into a partnership with Shandong Hi-Speed New Energy Group and BOCOM International to establish a commercial EV battery-swapping ecosystem in Hong Kong. The collaboration aims to build, install, and operate 50 smart, zero carbon battery-swapping stations in core taxi operating areas. SHNE will invest in the construction of these stations, while BOCOM will provide financing solutions. U Power will offer technical and operational support. The initiative is part of U Power's strategy to transform Hong Kong's commercial vehicle fleet into greener electric vehicles and promote sustainable urban transportation. The partnership also opens opportunities for similar cooperation models in Thailand and Portugal.
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