China EV Market OpportunityExpansion of China's electric vehicle market could increase demand for UCAR's battery swapping services, supporting potential revenue growth.
International ExpansionEntry into Thailand with two-wheeled battery swapping provides a blueprint for international expansion and diversifies revenue beyond China.
Recurring Revenue ModelAdoption of a vehicle-as-a-service model with battery leasing and energy services can establish recurring revenue streams tied to the swapping-station network.