U Power signs strategic partnership with Whal Logistics Group

U Power (UCAR) announced that its wholly-owned subsidiary, U SWAP Company Limited, has entered a strategic partnership agreement with Whale Logistics to promote the deployment of commercial battery-swapping electric trucks in Thailand. As part of its long-term growth strategy, U Power has secured an order for 1,000 battery-swapping electric vehicles. The delivery of the first batch is 30units and planned for April 2026, which will mark the commencement of the company’s commercial operations in Thailand and lay the foundation for broader industry adoption in the future.