U Power Limited Expands Operations in Portugal with New Custom UOTTA Battery-Swapping Stations
U Power's new compact 8-slot battery-swapping station is set to be delivered to ANTRAL, Portugal's national taxi association, in the first half of 2025.
U Power Limited (NASDAQ: UCAR), a vehicle-sourcing services provider with a vision to become a comprehensive electric vehicle (EV) battery power solution provider, announced today that it is expanding its UOTTA battery-swapping operations in Portugal.
The company’s new compact 8-slot battery-swapping station is scheduled to be delivered to the Associação Nacional dos Transportes Rodoviários em Automóveis Ligeiros (ANTRAL), Portugal’s national taxi association in the first half of 2025. The ANTRAL expansion, which encompasses public passenger transport companies operating light vehicles, represents another milestone in U Power’s increasing presence in the European market.
Jia Li, Chairman and CEO of U Power, stated:
“Since launching UOTTA in 2020, U Power has built a comprehensive solution portfolio that serves all vehicle types, with customizable configurations to meet specific operational needs. For instance, our taxi-focused swap stations can handle up to 200 swaps daily through flexible battery and channel combinations. Our recent collaboration with ANTRAL showcases our technological edge.”
The UOTTA 8-slot compact battery-swapping station demonstrates U Power’s profound understanding of European urban infrastructure needs. With its optimized footprint of just 90 square meters, the station’s space-efficient design is specifically engineered for dense city environments. Its power consumption has been meticulously calibrated to align with existing urban grid capacities while servicing 30-50 vehicles daily. The modular design facilitates future capacity expansion, providing operators with scalability and enhanced operational efficiency.
Li added:
“By integrating AI into station management and cloud platforms, we’ve created an intelligent system that optimizes power consumption and operational efficiency. More importantly, our battery-swapping solution offers compelling economics compared to traditional fast-charging infrastructure. When evaluating total investment costs – including land use, grid upgrades, and equipment – swapping stations require lower capital investment while serving the same number of taxis and mileage. This advantage is particularly crucial in European cities where space constraints make large charging stations impractical, making our swapping technology the optimal solution for electrifying taxi fleets.”
Read Next: Why This Small Biotech Stock Could Be Primed for a Breakout
Join the Discussion in the WVC Facebook Investor Group
Do you have a stock tip or news story suggestion? Please email us at Invest@WealthyVC.com.
This report/release/profile is a commercial advertisement and is for general information purposes only. We are engaged in the business of marketing and advertising companies for monetary compensation unless otherwise stated below.
Wealthy VC and its employees are not Registered Investment Advisors, Broker-Dealers or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Wealthy VC encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled through their website, news releases, and corporate filings or is available from public sources, and Wealthy VC makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. Our website and newsletter are for entertainment purposes only. This website is NOT a source of unbiased information. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.
Release of Liability: Through the use of this email and/or website advertisement, by viewing or using it, you agree to hold Wealthy VC, its operators, owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. Wealthy VC-sponsored advertisements do not purport to provide an analysis of any company’s financial position, operations or prospects, and this is not to be construed as a recommendation by Wealthy VC or an offer or solicitation to buy or sell any security. WealthyVC and our controlling entity 1000724287 Ontario Ltd have been compensated USD $75,000 for three months for investor relations by U Power Limited.
None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provided herein. Instead, Wealthy VC strongly urges you to conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D and all reports published on SEDAR if the company featured is Canadian. Wealthy VC further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled.
The Private Securities Litigation Reform Act of 1995 provides investors with a ‘safe harbor’ in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or, future events or performance are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as “projects,” “foresee,” “expects,” “will,” “anticipates,” “estimates,” “believes,” “understands,” or that by statements indicating certain actions “may,” “could,” or “might” occur. Understand there is no guarantee past performance will be indicative of future results. Past Performance is based on the security’s previous day’s closing price and the high of-day price during our promotional coverage.
In preparing this publication, Wealthy VC has relied upon information supplied by various public sources and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this email and website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The advertisements in this email and website are believed to be reliable, however, Wealthy VC and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of material facts from such advertisement. Wealthy VC is not responsible for any claims made by the companies advertised herein, nor is Wealthy VC responsible for any other promotional firm, its program or its structure.
