Shanghai (ZXZC)- On September 17, 2024, at the IAA TRANSPORTATION 2024 in Hannover, U POWER Tech and Xiamen King Long United Automotive Industry Co., Ltd. ("King Long") officially signed a strategic cooperation and project implementation agreement, according to a post on U POWER Tech's WeChat account. This partnership is set to explore further possibilities based on U POWER Tech's innovative UP Super Board technology, marking a significant step forward for both companies in the electric vehicle (EV) sector.

Photo credit: UP POWER Tech

Paul Li, Founder and CEO of U POWER Tech, commented: "From the initial concept to today's achievement, our partnership with King Long has faced multiple challenges and tests. We firmly believe in the limitless potential of EVs, while also recognizing the difficulties along the path of innovation. We are grateful to King Long for their trust and support, which has led us to this successful launch of the 'Powered by U POWER' business model in China. Earlier this year, in January, we also entered a collaboration with U.S.-based startup Olympian Motors for our skateboard chassis, and we look forward to working with more partners in the future to drive the growth of the global new energy vehicle industry."

"Powered by U POWER" is an innovative business model introduced by U POWER Tech. It offers advanced skateboard chassis technology and intelligent electric vehicle solutions, helping automakers rapidly develop EV models tailored to market demand. This approach can reduce product development cycles by 12 to 18 months, providing manufacturers with a competitive edge.

U POWER Tech has also made significant strides in the global market recently. In August, the electric urban logistics vehicle developed in collaboration with King Long received Whole Vehicle Type Approval (WVTA) from the European Union, officially entering the European market. Additionally, U POWER Tech has delivered its customized Class 3 chassis products to customers in the U.S., marking a new chapter in overseas sales. These high-performance electric vehicle platforms offer U POWER's global clients a wider range of options, accelerating the company's expansion in international markets.