In a significant move to expand its global reach, U Power Limited (Nasdaq: UCAR) has announced a new partnership with Pattaya AI Terminal Co., Ltd. This collaboration is set to drive the development of green logistics and electric vehicle (EV) infrastructure in Thailand, marking a strategic expansion for the Shanghai-based vehicle sourcing services provider.
U Power, known for its innovative EV battery solutions in China, has signed a Memorandum of Understanding (MoU) with Pattaya AI. This joint venture will combine Pattaya AI’s logistical expertise with U Power’s proprietary battery-swapping technology to offer electrified solutions tailored to Thailand’s commercial logistics and passenger transportation markets. The partnership aims to enhance the efficiency of Thailand’s logistics chain by deploying U Power’s battery swapping and charging stations across key cities and logistics hubs.
Initially, U Power will introduce its advanced battery-swapping technology and compatible EVs to the Thai market. As the partnership progresses, the company plans to begin local manufacturing of battery-swapping commercial vehicles. These vehicles will include pickup trucks and light-duty vans designed for dedicated transportation routes, addressing the specific needs of Thailand’s growing EV market.
Jia Li, Chairman and CEO of U Power, expressed enthusiasm about the new venture. “We are proud to enter into a strategic partnership with Pattaya AI. This collaboration leverages our expertise in EV battery solutions and Pattaya AI’s capabilities and resources to address emerging opportunities in Thailand’s evolving EV market. By partnering with Pattaya AI, we aim to revolutionize green logistics, enhance Thailand’s electric vehicle infrastructure, and build a solid foundation upon which we can pursue future innovations and deliver sustainable shareholder value.”
A key focus of this partnership will be the development of automatic and semi-automatic charging stations. These stations will be compatible with U Power’s vehicles and tailored to meet the unique demands of the Thai market. The joint venture’s goal is to provide a comprehensive, efficient solution for Thailand’s EV infrastructure, supporting the country’s shift towards sustainable transportation.
The collaboration between U Power and Pattaya AI is poised to make a significant impact on Thailand’s EV landscape. By combining their respective strengths, the two companies are well-positioned to lead the charge in green logistics and EV infrastructure development. This partnership not only marks a strategic expansion for U Power but also promises to bring advanced, sustainable transportation solutions to Thailand, benefiting both the environment and the economy.
