U Power Limited Launches UOTTA Battery-Swapping Operations in Peru

U Power Limited has officially entered the Peruvian market with its innovative UOTTA battery-swapping technology, aimed at revolutionizing electric vehicle (EV) operations, particularly for two-wheeled and three-wheeled vehicles. This strategic move comes after the successful completion of a pilot program that involved the installation of two battery-swapping stations and the use of both three-wheeler and ten two-wheeler electric vehicles.

Treep Mobility Group S.A.C., a prominent Moto Taxi service provider in Peru, has recognized the potential of UOTTA's battery-swapping system. They plan to transition their traditional fuel-powered fleet to battery-operated models, with an investment exceeding $1 million. By adopting the UOTTA system, Treep Mobility aims to not only cut operational costs by 30-40% but also to maximize their revenue streams during the shift from fuel to electric vehicles.

This partnership reflects a growing trend towards sustainable and cost-effective transport solutions. The UOTTA system leverages artificial intelligence to accurately predict demand at the swapping stations, ensuring optimal charging and efficiency. This technological integration enhances operational effectiveness, providing both a smoother experience for users and greater reliability in service delivery.

The Moto Taxi market is booming in both Peru and South America at large. With over 100,000 registered Moto Taxis in Peru alone and more than 300,000 new electric motorcycles introduced every year across the region, the opportunities for growth are significant. U Power's Chairman and CEO, Jia Li, has expressed great optimism about this evolving market, noting that the collaboration with Treep Mobility highlights UOTTA’s battery-swapping model as not only a more economical choice but also a convenient alternative for businesses in the transportation sector.

U Power Limited has a mission to become a leading player in the EV market, initially focusing on their proprietary battery-swapping technology. The company has been active since 2013, building a robust vehicle sourcing network in China’s lower-tier cities, and now views South America as a pivotal area for expansion. With plans to establish local charging stations and develop partnerships with additional transport providers, U Power is poised for significant growth in the coming years.

As U Power Limited continues to unveil its battery-swapping solutions across diverse markets, the commitment to sustainable and efficient transportation remains at the forefront of its strategy. By investing in advanced technology and strategic partnerships, U Power is not just transforming the landscape of electric vehicle operations but is also championing a greener future for public transport in Latin America.