U Power (UCAR) Prnewswire·2025-01-23 11:00Core Insights - U Power Limited's UOTTA battery-swapping technology has been selected by Treep Mobility Group in Peru for their electric vehicle fleet transition [1][2] - Treep Mobility plans to convert its traditional fuel-powered vehicles to UOTTA's battery-swapping model, with expected orders exceeding US$1 million [2] - The partnership highlights the economic benefits of the battery-swapping model, which can reduce operating costs by 30-40% compared to traditional fuel vehicles [3] Company Overview - U Power Limited aims to become a comprehensive EV battery power solution provider, focusing on its proprietary UOTTA battery-swapping technology [6] - The company has established a vehicle sourcing network in China's lower-tier cities and operates a manufacturing factory in Zibo City, Shandong Province [6] Market Opportunity - The Moto Taxi market in Peru presents significant growth potential, with over 100,000 registered Moto Taxis and an annual addition of over 300,000 new electric two-wheeler and three-wheeler motorcycles in South America [5] - The partnership with Treep Mobility is expected to drive sustainable business growth and attract more companies in South America to adopt the battery-swapping model [5] Technology Integration - UOTTA's solution incorporates AI technology to predict customer demand and optimize charging and swapping efficiency, enhancing overall operational efficiency [4]