U Power Partners with Treep Mobility to Transform Transportation in Peru

U Power Partners with Treep Mobility

In an effort to reshape transportation in Peru, U Power Limited (NASDAQ: UCAR) has signed a sales agreement with Treep Mobility Group S.A.C., a prominent Moto Taxi operator in the country. This agreement marks a significant step towards electrifying the traditional fuel-powered transportation system in Peru, which is home to over 100,000 registered moto taxis.

U Power, known for its AI-powered solutions in energy grids and intelligent transportation systems, will provide Treep Mobility with 52 electric two- and three-wheeled vehicles, eight battery-swapping cabinets, and the necessary compatible batteries. This initiative is built on U Power's proprietary UOTTA™ battery-swapping technology, which was successfully piloted in Peru earlier in 2025.

The Shift to Electric Vehicles

The transition from conventional fuel vehicles to electric ones is driven by several factors. Treep Mobility aims to cut energy replenishment costs by approximately 30-40%, aligning with Peru’s objectives to enhance environmental sustainability. The electric vehicle (EV) market in Peru, which encompasses a total market size of $324 million and growing at an annual rate of 3%, stands to benefit significantly from this collaboration.

Johnny Lee, the CEO of U Power, expressed enthusiasm about this partnership, emphasizing the satisfaction and confidence Treep Mobility has shown in U Power's battery-swapping solutions. His vision extends beyond Peru, pondering further expansions across South America, where the electric motorcycle market is poised to grow rapidly, adding over 300,000 new vehicles each year.

Advantages of the Battery-Swapping Model

One of the standout features of U Power's offering is its battery-swapping technology, which drastically enhances vehicle uptime and revenue potential for operators like Treep Mobility. The battery-swapping cabinets will not only support the quick energy turnover for the fleet but will also monitor real-time battery performance, ensuring efficient energy management. This integrated approach connects the vehicles to a centralized network, which is crucial for scaling up operations in a thriving market.

The initial order is valued at $113,000. Under the agreement, U Power and Treep Mobility anticipate expanding their partnership through additional purchasing agreements, likely involving further deployments of two- and three-wheeled vehicles tailored for taxi services.

Conclusion

U Power's partnership with Treep Mobility is not just a business agreement; it represents a vital shift in the Peruvian transportation landscape towards sustainability and efficiency. As the demand for greener transportation solutions rises globally, this collaboration serves as a model for other regions looking to embrace electric mobility. The implications of this deal could resonate far beyond the immediate commercial interests, potentially paving the way for a broader adoption of electric vehicles in the Latin American market.

For more information about U Power and its innovative technologies, please visit U Power's website.