EV battery-swapping solutions provider U Power has hosted an inauguration ceremony of its first operational demonstration smart battery-swapping station for EVs in Kwai Chung area in Hong Kong.
The company says 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, an 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. This ecosystem of smart battery-swapping stations will also be able to support a wide range of EV types such as four-wheeled commercial cars, electric buses, in addition to Hong Kong's ferry terminal.
U-Power says its plan to create an ecosystem of 55 smart battery-swapping stations, is designed using a replicable zero-carbon transportation model for high-density cities, and aligns well with Hong Kong's zero-emission vision as it offers three innovative solutions for intelligent battery swapping; green and sustainable EV operations; and carbon reduction activities.
U Power is also implementing its Energy Service Provider (ESP) power-swap model beyond Hong Kong.
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.
Johnny Lee, CEO and chairman of U Power, commented: "We are excited to debut Hong Kong's first smart battery-swapping station, demonstrating a replicable zero-carbon, energy efficient charging infrastructure for densely populated urban areas. As we continue our investments in next-generation AI technologies, we look forward to working with our partners in Asia, Europe and South America to create a sustainable and efficient urban transportation ecosystem in these markets."
