U Power to install 55 smart battery-swapping stations in Hong Kong

U Power (UCAR) hosted an inauguration ceremony of its first operational demonstration smart battery-swapping station for EVs in Kwai Chung area in Hong Kong. This station marks Hong Kong’s first smart battery-swapping station, a zero-carbon swapping station, to be connected to a Battery-Bank. As part of this business model, U Power is also introducing Battery-Token, a solution using Web 3.0 blockchain and token-based economics. U Power’s plan of constructing and installing a total of 55 smart battery-swapping stations for EVs in Hong Kong aims to create a battery-swap ecosystem able of transforming Hong Kong’s fleet of 18,000 taxis into greener EVs and promote sustainable and efficient urban transportation. The company has signed and/or working on to establish MOUs with ESP partners in Hong Kong, Macau – planning to sell and service 600 battery-swapping vehicles and operate six battery-swapping stations -, and Singapore – planning to sell 5,000 battery-swapping vehicles and operate 50 battery-swapping stations – markets, aiming to build a battery-swapping ecosystem.