U Power announces Unex signed LOI with DiDi subsidiary in Mexico

U Power (UCAR) announced that its strategic energy and technology partner, UNEX, has signed a Letter of Intent, or LOI, with DiDi Mobility Information Technology, a subsidiary of the leading mobility technology platform Didi Global, to deploy UOTTATM battery-swapping vehicles for ride-hailing and car rental services in Mexico. This LOI aims to promote the sales of UNEX EV’s UOTTATM battery-swapping vehicles to drivers registered on Didi Mobility’s fleet platform in Mexico. It also covers the sale of spare parts and the provision of maintenance services, with the goal of accelerating the green transformation of Mexico’s transportation industry, enhancing energy efficiency and supporting the environmental protection initiative. Specifically, upon the entering of a definitive agreement, UNEX EV will recommend and provide battery-swapping vehicle models suitable for Mexico market and establish a stable supply chain to ensure the delivery of these vehicles, spare parts and related services. Both parties will initiate collaboration on the cascade utilization and recycling of batteries, aiming to extend battery life through continuous technology innovation.