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Stock impact report

U Power Limited Introduces UOTTA, Revolutionizing EV Battery Swapping [Yahoo! Finance]

U Power Limited (UCAR) 
Company Research Source: Yahoo! Finance
UOTTA™ intelligent battery swapping system, providing power battery swapping solutions for a range of vehicles, including heavy trucks, light trucks, buses taxis etc. Currently, the battery swapping technology for light four-wheeled electric vehicles (EVs) and two-wheeled EVs is undergoing market validation in China . The company plans to collaborate with partners across Southeast Asia Latin America, and Europe to bring this service to local courier companies. The battery swapping and sharing technology for two-wheeled and light four-wheeled EVs involves the use of identical battery cells and packaging methods. The battery packs for both EV models are stored in a single battery swapping station (BSS), from which customers can take a single battery module for two-wheeled EVs and two to four modules for light four-wheeled EVs when they need to swap batteries. The battery swapping process is straightforward and user-friendly: the user only needs to verify their identity at the BSS usin Show less Read more
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