U power enters macau market; signs of its first electric service provider ("esp") agreement in macau

Esp agreement to facilitate  the deployment  of uotta battery-swapping stations and sales of four-wheeled and two-wheeled battery-swapping vehicles shanghai , june 30, 2025 /prnewswire/ -- u power limited (nasdaq: ucar) (the "company" or "u power"), a provider of comprehensive electric vehicle ("ev") battery-swapping solutions with a vision of becoming a smart energy grid solutions provider, today announced the signing of its first agreement with an electric service provider (the "esp") in macau, aiming to facilitate the deployment and operation of u power's uotta battery-swapping stations and cabinets, as well as the sale of compatible electric vehicles (evs). pursuant to the agreement, the local esp will be responsible for the installation and maintenance of u power's uotta smart battery-swapping stations and cabinets in macau.
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