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U Power Launches Battery Swapping Solution in Shanxi

Chinese EV service provider U Power launches battery swapping solution for delivery industry in Shanxi, aiming to reduce operating costs and support the growth of the EV market. Expansion plans include deploying over 200 battery swapping stations. However, investor concerns about the company's financial performance pose challenges.

by John Darbie
Mon, Feb 12, 2024 1:42pm
in World
• 2 mins read
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U Power Launches Battery Swapping Solution in Shanxi | FinOracle

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Chinese EV Service Provider U Power Launches Battery Swapping Solution for Delivery Industry in Shanxi

Chinese EV service provider U Power Limited (NASDAQ:UCAR) has introduced a market validation phase for its shared battery swapping solution, targeting the delivery and food delivery sector in Shanxi, China. The innovative solution, compatible with both two-wheel and lightweight four-wheel EVs, allows various models to exchange battery modules at the same station. The process is initiated through cell phone verification, followed by manual battery exchange.

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