Jul. 7 at 12:12 PM
$UCAR U Power enters Singapore market with second ESP agreement
U Power announced the signing of another Electric Service Provider, ESP, agreement to facilitate the deployment of its UOTTA battery-swapping stations and the sale of compatible EVs in Singapore. This new ESP agreement which represents U Power's official entry into the Singapore market, follows the signing of the Company's first ever ESP agreement in Macau in June 2025.
Pursuant to the agreement, the local ESP partner will promote the sale, installation, and maintenance of U Power's UOTTA smart battery-swapping stations, as well as sale and after-sale maintenance of compatible vehicles in Singapore, more specifically, passenger cars and commercial vans. These stations and compatible EVs will be provided and delivered by U Power and its partner, UNEX EV B.V.