Blockchain Registration Transaction Record

U Power and Velo Labs Team Up to Create Battery Bank Trading and Funding Platform

U Power Limited (NASDAQ: UCAR) partners with Velo Labs Technology Ltd. to establish a battery infrastructure investment ecosystem in Thailand, aiming to promote the large-scale development of the battery bank industry. This collaboration reflects the increasing importance of battery banks in the development of electric vehicles and other green applications, signaling potential growth in the EV market and key trends in energy trading.

The collaboration between U Power and Velo Labs is significant as it aims to further electrify the market and establish a battery infrastructure investment ecosystem in Thailand. This news matters as it demonstrates the increasing importance of battery banks in the development of electric vehicles and other green applications, while also signaling the potential for growth in the EV market and the emergence of key trends in energy trading.