U Power Forms Joint Venture With SUSCO to Expand EV Battery Swapping in Thailand

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U Power Forms Joint Venture With SUSCO to Expand EV Battery Swapping in Thailand

, MT Newswires - 7:44 AM ET 3/24/2025 default

07:44 AM EDT, 03/24/2025 (MT Newswires) -- U Power ( UCAR ) said Monday its Thai subsidiary, U SWAP, has signed a joint venture agreement with Thailand-based energy provider SUSCO Public Company to advance sustainable transportation services in the country.

Under the partnership, the company said it will introduce its UOTTA battery-swapping technology across SUSCO's fueling stations.

Financial terms of the joint venture were not disclosed.

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