U Power Limited Enters Into Framework Strategic Cooperation Agreement With Quantum Solutions Co., Ltd. in Japan
U Power Limited Enters Into Framework Strategic Cooperation Agreement With Quantum Solutions Co., Ltd. in Japan
Shanghai, China, June 01, 2023 (GLOBE NEWSWIRE) -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that on May 31, 2023, the Company entered into a framework strategic cooperation agreement (the "Framework Agreement") with Quantum Solutions Co., Ltd. (TSE: 2338) ("Quantum Solutions"), the first and only independent Japanese electric vehicle ("EV") manufacturer listed on the Tokyo Stock Exchange, to develop business initiatives relating to marketing, research and development of new energy vehicles, financial technologies, battery banks, EV charging and battery-swapping operations and services in Japan.
Pursuant to the Framework Agreement: (1) Quantum Solutions agrees to advise on the selection and development of suitable EV models by leveraging its deep understanding of Japan's EV market and consumer needs; (2) U Power agrees to provide battery-swapping technology, products, and compatible cloud service platforms according to Quantum Solutions' requirements, (3) both parties intend to recruit other strategic partners in the field of new energy storage, such as battery developers, and may establish a joint venture in the future to further pursue their strategic cooperation, and (4) specifics of any such strategic cooperation will be determined in separate agreements as soon as practicable.
Jia Li, Chief Executive Officer, Director, and Chairman of the Board of Directors of the Company, commented, "We are thrilled to cooperate with Quantum Solutions. This collaboration brings together our expertise in EV battery technology with Quantum Solutions' market presence in Japan's EV market. Together, we aim to create a new benchmark in Japan's new energy technology and electric vehicle industry. Moving forward, we plan to continue to seek new strategic partners and tap into the potential of Japan's EV market. We expect to utilize our UOTTA battery-swapping technology to innovate and ultimately expand into Japan's EV market. We anticipate the partnership will generate substantial value for our shareholders."
About Quantum Solutions Co., Ltd.
Quantum Solutions Co., Ltd. is the first and only independent electric vehicle company listed on the Tokyo Stock Exchange. Originated in Japan, Quantum Solutions aims to become an international EV technology company and industrial development platform with research & development, technology integration and investment integration capability.
About U Power Limited
U Power Limited is a vehicle sourcing services provider, with a vision to becoming an EV market player primarily focused on its proprietary battery-swapping technology, or UOTTA technology, which is an intelligent modular battery-swapping technology designed to provide a comprehensive battery power solution for EVs. Since its operation in 2013, the Company has established a vehicle sourcing network in China's lower-tier cities. The Company has developed two types of battery-swapping stations for compatible EVs and is operating one manufacturing factory in Zibo City, Shandong Province, China. For more information, please visit the Company's website:
Forward-Looking Statements
This press release contains "forward-looking statements". Forward-looking statements reflect our 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. 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 occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.
For investor and media inquiries, please contact:
U Power Limited
Investor Relations Department
Email: ir@upincar.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
中國上海,2023年6月1日(GLOBE NEWSWIRE)——以成爲中國綜合電動汽車電池動力解決方案提供商爲願景的汽車採購服務提供商U Power Limited(納斯達克股票代碼:UCAR)(“公司” 或 “U Power”)今天宣佈,公司於2023年5月31日與量子解決方案有限公司(TSE:2338)簽訂了框架戰略合作協議(“框架協議”))(“Quantum Solutions”)是第一家也是唯一一家在東京證券交易所上市的獨立日本電動汽車(“EV”)製造商,正在開發與日本新能源汽車的營銷、研究和開發、金融技術、電池庫、電動汽車充電和電池交換業務及服務相關的業務舉措。
根據框架協議:(1)Quantum Solutions同意利用其對日本電動汽車市場和消費者需求的深刻理解,就合適的電動汽車車型的選擇和開發提供建議;(2)U Power同意根據Quantum Solutions的要求提供電池交換技術、產品和兼容的雲服務平臺,(3)雙方打算在新能源存儲領域招募其他戰略合作伙伴,例如電池開發商,並可能成立合資企業將來會進一步追求他們的戰略合作和 (4) 任何此類戰略合作的具體內容將盡快在單獨的協議中確定。
公司首席執行官、董事兼董事會主席賈麗評論說:“我們很高興與Quantum Solutions合作。此次合作將我們在電動汽車電池技術方面的專業知識與Quantum Solutions在日本電動汽車市場的市場佔有率相結合。我們的目標是共同創造日本新能源技術和電動汽車行業的新基準。展望未來,我們計劃繼續尋找新的戰略合作伙伴,挖掘日本電動汽車市場的潛力。我們希望利用我們的 UOTTA 電池交換技術進行創新並最終擴展到日本的電動汽車市場。我們預計此次合作將爲我們的股東創造可觀的價值。”
關於Quantum Solutions公司
Quantum Solutions Co., Ltd. 是第一家也是唯一一家在東京證券交易所上市的獨立電動汽車公司。Quantum Solutions起源於日本,旨在成爲具有研發、技術整合和投資整合能力的國際電動汽車技術公司和產業發展平臺。
關於優品車
優品車是一家汽車採購服務提供商,其願景是成爲電動汽車市場參與者,主要專注於其專有的電池交換技術或UOTTA技術,這是一種智能模塊化電池交換技術,旨在爲電動汽車提供全面的電池電源解決方案。自2013年運營以來,該公司已在中國低線城市建立了汽車採購網絡。該公司已爲兼容的電動汽車開發了兩種類型的電池交換站,並在中國山東省淄博市運營一家制造工廠。欲瞭解更多信息,請訪問公司網站:
前瞻性陳述
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投資者和媒體垂詢,請聯繫:
U Power 有限公司
投資者關係部
電子郵件: ir@upincar.com
Ascent 投資者關係有限責任公司
蒂娜肖
電話:+1-917-609-0333
電子郵件: tina.xiao@ascent-ir.com
譯文內容由第三人軟體翻譯。
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