U Power (UCAR) Prnewswire·2025-01-06 11:00Core Insights - U Power Limited's subsidiary, Energy U Limited, has formed a joint venture with Portugal's national taxi association ANTRAL to deploy battery swapping solutions in the European market, marking a strategic advancement for the company [1][4] - Initial operations will commence with 40 vehicles per battery-swapping station, following successful pilot testing in Portugal, with full integration expected to begin next year [2] - The joint venture aims to accelerate Portugal's transition to electric mobility by developing an integrated EV ecosystem, addressing challenges such as limited charging infrastructure and battery lifecycle management for taxi operators [3] Company Overview - U Power Limited is focused on becoming a key player in the EV market, primarily through its proprietary UOTTA battery-swapping technology, which is designed to provide comprehensive battery power solutions for electric vehicles [5] - The company has established a vehicle sourcing network in China's lower-tier cities and operates a manufacturing facility in Zibo City, Shandong Province, China [5]