{"id":837313,"date":"2025-04-15T08:03:26","date_gmt":"2025-04-15T12:03:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/u-power-limited-nasdaqucar-and-elmo-joint-venture-pioneer-rapid-battery-swapping-solutions-for-portugals-taxi-sector\/"},"modified":"2025-04-15T08:03:26","modified_gmt":"2025-04-15T12:03:26","slug":"u-power-limited-nasdaqucar-and-elmo-joint-venture-pioneer-rapid-battery-swapping-solutions-for-portugals-taxi-sector","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/u-power-limited-nasdaqucar-and-elmo-joint-venture-pioneer-rapid-battery-swapping-solutions-for-portugals-taxi-sector\/","title":{"rendered":"U POWER LIMITED (NASDAQ:UCAR) and ELMO Joint Venture Pioneer Rapid Battery-Swapping Solutions for Portugal’s Taxi Sector"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n LISBON, Portugal<\/span>
\n <\/span>, April 15, 2025<\/span><\/span> \/PRNewswire\/ — U POWER LIMITED, a global leader in green\u00a0smart energy grid\u00a0innovation, together with its\u00a0ELMO joint venture\u00a0partner ANTRAL, unveiled transformative plans to redefine urban mobility at ANTRAL’s\u00a050th Anniversary & XVI Taxi Day, held from\u00a0April 10 to 13, 2025, at the\u00a0Lisbon Congress Center. Focused\u00a0on accelerating Portugal’s<\/span> transition to zero-emission transport, the initiative centers on deploying cutting-edge battery-swapping technology tailored for taxi fleets, backed by strategic infrastructure partnerships and scalable solutions.<\/p>\n

\n A Four-Day Showcase of Innovation and Sustainability<\/b>\n <\/p>\n

As part of the anniversary festivities, ELMO participated\u00a0in a dedicated exhibition focused on digital transformation and innovation in the taxi sector,\u00a0collaborating with\u00a0leading manufacturers, tech providers, financial institutions, insurers, and specialized service companies. The event\u00a0highlighted\u00a0ELMO’s mission to drive decarbonization, digitalization, and safety in urban transport,\u00a0showcasing\u00a0its pivotal role as a catalyst for sustainable mobility solutions.<\/p>\n

\n Revolutionizing Taxi Operations with Speed and Efficiency<\/b>\n <\/p>\n

ELMO’s strategy prioritizes the rollout of 150\u2013200 battery-swapping electric vehicles designed exclusively for taxi operators, coupled with the installation of\u00a0UOTTA rapid-swap stations\u00a0capable of completing full battery exchanges in mere minutes. This breakthrough addresses critical downtime challenges in commercial fleets, enabling drivers to maximize productivity while reducing reliance on traditional charging infrastructure. To amplify accessibility, ELMO is in advanced discussions with\u00a0Galp, Portugal’s<\/span> leading energy provider, to integrate UOTTA stations into existing service stations.<\/p>\n

\n Leadership Perspectives: A Vision for the Future<\/b>\n <\/p>\n

\n Flor\u00eancio de Almeida, President of ANTRAL<\/i>, emphasized the project’s transformative potential: “ELMO is poised to redefine the EV market by prioritizing speed and practicality. Imagine replacing a battery faster than refueling a gasoline vehicle\u2014this is the future we’re delivering. With our initial order of 150\u2013200 vehicles and Galp’s collaboration, we’re laying the groundwork for nationwide adoption.”<\/p>\n

\n Johnny Lee<\/span>, CEO of U Power Limited, underscored the partnership’s global implications: “By merging U POWER’s technical expertise with ANTRAL’s market leadership, ELMO isn’t just advancing Portugal’s<\/span> green agenda\u2014it’s setting a blueprint for cities worldwide. Our UOTTA technology proves that sustainability and efficiency can coexist, even in high-demand sectors like taxis.”<\/p>\n

\n
\n About ELMO<\/b>
\n <\/i>
\n : <\/b>A visionary joint venture by ANTRAL and Energy U Limited (A subsidiary of U POWER Limited), ELMO accelerates Portugal’s<\/span> transition to sustainable mobility through electric vehicle innovation and smart infrastructure.<\/p>\n

\n
\n About ANTRAL<\/b>
\n <\/i>
\n :<\/b> Celebrating 50 years as Portugal’s<\/span> leading advocate for road transport innovation, sustainability, and driver welfare.\u00a0ANTRAL (Associa\u00e7\u00e3o Nacional dos Transportes Rodovi\u00e1rios em Autom\u00f3veis Ligeiros) is Portugal’s<\/span> foremost national road transport association, representing over\u00a050,000 professional drivers and taxi operators\u00a0across the country. Established in\u00a01974, the organization has played a pivotal role in shaping Portugal’s<\/span> mobility policies, advocating for driver rights, and promoting sustainable transport solutions.<\/p>\n

\n About U Power Limited<\/b>\n <\/p>\n

U Power Limited (Nasdaq: UCAR) is a vehicle sourcing services provider with a vision to become an EV market player primarily focused on its proprietary battery-swapping technology, UOTTA technology. UOTTA is an intelligent modular battery-swapping solution designed to provide comprehensive battery power solutions for EVs. Since its inception in 2013, U Power has established a vehicle sourcing network in China’s<\/span> lower-tier cities, developed multi-types of battery-swapping stations for compatible EVs, and operates a manufacturing facility in Zibo City, Shandong Province<\/span>, China<\/span>.<\/p>\n

For more information, please visit: https:\/\/www.upower-limited.com\/<\/a><\/p>\n

\n Forward-Looking Statements<\/b>\n <\/p>\n

This press release contains “forward-looking statements.” Forward-looking statements reflect the company’s current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the company’s current expectations and projections about future events that the company believes may affect its financial condition, results of operations, business strategy, and financial needs.<\/p>\n

Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is\/are likely to,” “propose,” “potential,” “continue” or similar expressions. The company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law.<\/p>\n

Although the company believes the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will turn out to be correct, and the company cautions investors that actual results may differ materially from the anticipated results. Investors are encouraged to review other factors that may affect future results in the company’s registration statement and other filings with the U.S. Securities and Exchange Commission (SEC).<\/p>\n

For more information, please visit: https:\/\/www.upower-limited.com\/<\/a><\/p>\n

Contact:
U POWER LIMITED
Xing.wang@upower-limited.com<\/a>\u00a0<\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/u-power-limited-nasdaqucar-and-elmo-joint-venture-pioneer-rapid-battery-swapping-solutions-for-portugals-taxi-sector-302428850.html<\/a><\/p>\n

SOURCE U Power Limited<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire LISBON, Portugal , April 15, 2025 \/PRNewswire\/ — U POWER LIMITED, a global leader in green\u00a0smart energy grid\u00a0innovation, together with its\u00a0ELMO joint venture\u00a0partner ANTRAL, unveiled transformative plans to redefine urban mobility at ANTRAL’s\u00a050th Anniversary & XVI Taxi Day, held from\u00a0April 10 to 13, 2025, at the\u00a0Lisbon Congress Center. Focused\u00a0on accelerating Portugal’s transition to zero-emission transport, the initiative centers on deploying cutting-edge battery-swapping technology tailored for taxi fleets, backed by strategic infrastructure partnerships and scalable solutions. A Four-Day Showcase of Innovation and Sustainability As part of the anniversary festivities, ELMO participated\u00a0in a dedicated exhibition focused on digital transformation and innovation in the taxi sector,\u00a0collaborating with\u00a0leading manufacturers, tech providers, financial institutions, insurers, and specialized service companies. The event\u00a0highlighted\u00a0ELMO’s mission to … <\/p>\n

Continue reading “U POWER LIMITED (NASDAQ:UCAR) and ELMO Joint Venture Pioneer Rapid Battery-Swapping Solutions for Portugal’s Taxi Sector”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-837313","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nU POWER LIMITED (NASDAQ:UCAR) and ELMO Joint Venture Pioneer Rapid Battery-Swapping Solutions for Portugal's Taxi Sector - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-power-limited-nasdaqucar-and-elmo-joint-venture-pioneer-rapid-battery-swapping-solutions-for-portugals-taxi-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U POWER LIMITED (NASDAQ:UCAR) and ELMO Joint Venture Pioneer Rapid Battery-Swapping Solutions for Portugal's Taxi Sector - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire LISBON, Portugal , April 15, 2025 \/PRNewswire\/ — U POWER LIMITED, a global leader in green\u00a0smart energy grid\u00a0innovation, together with its\u00a0ELMO joint venture\u00a0partner ANTRAL, unveiled transformative plans to redefine urban mobility at ANTRAL’s\u00a050th Anniversary & XVI Taxi Day, held from\u00a0April 10 to 13, 2025, at the\u00a0Lisbon Congress Center. 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Focused\u00a0on accelerating Portugal’s transition to zero-emission transport, the initiative centers on deploying cutting-edge battery-swapping technology tailored for taxi fleets, backed by strategic infrastructure partnerships and scalable solutions. A Four-Day Showcase of Innovation and Sustainability As part of the anniversary festivities, ELMO participated\u00a0in a dedicated exhibition focused on digital transformation and innovation in the taxi sector,\u00a0collaborating with\u00a0leading manufacturers, tech providers, financial institutions, insurers, and specialized service companies. 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