U Power said its UP Super Board can cut development time by at least six months, ultimately reducing the cost and time to market of EV products.

(Eren Alan Canarslan, founder and CEO of Olympian Motors (left) and Paul Li, U Power founder and CEO, pose for photos at CES.)

Olympian Motors is committed to delivering its first EVs to customers in New York, California and Florida in 2024 and expanding EV shipments to 100,000 by 2027, according to a U Power press release.

"By seamlessly integrating the UP Super Board with Olympian's modular EV architecture, we anticipate game-changing time and capital savings in our manufacturing process," said Eren Alan Canarslan, Founder and CEO of Olympian Motors.

At CES, U Power also signed a development contract for its UP Van with Detroit startup Lumos EV, based on an established strategic partnership.

(The UP Van, U Power's first all-electric van for urban logistics.)

First announced in 2023, the UP Van is U Power's first all-electric van for urban logistics based on the UP Super Board.

U Power has received more than 53,000 orders for the UP Van from customers in the North American, Japanese, Southeast Asian, European and Chinese markets, with deliveries set to begin in the second half of 2024, according to its press release.

Lumos will build its own last-mile commercial van, the Lumos LC2, based on the UP Van model, which will be sold first in Mexico in mid-2024, followed by further expansion in North America and certification testing beginning in early 2025, according to U Power.

The startup also announced partnerships with Japan's G Three Holdings, Philippine Energy industry group Alaco and Fest Electric Delivery Vehicles covering the European market.