Business Daily Media

Business Marketing

.

U POWER Tech unveils tech and business model at ACT EXPO; forges partnerships with multiple North American enterprises

LAS VEGAS, USA - Media OutReach Newswire - 22 May 2024 - On May 20th, U POWER Tech, a smart electric vehicle (EV) technology company, made its debut at the Advanced Clean Transportation (ACT) Expo in the United States, announcing a collaboration with VIZEON, an electric vehicle distributor, to expand into North America, with the focus on Mexico and Latin American markets.

The ACT Expo is North America's largest event showcasing advanced transportation technologies and clean energy vehicles. Following its appearance at CES 2024 earlier this year, U POWER Tech returned to the Las Vegas Convention Center, showcasing the UP Super Board and UP VAN to nearly ten thousand industry professionals from around the world.

Yao Zhai, Head of U POWER Tech U.S., and Christian Dubois, CEO of VIZEON
Yao Zhai, Head of U POWER Tech U.S., and Christian Dubois, CEO of VIZEON

Paul Li, Founder and CEO of U POWER Tech, expressed gratitude to VIZEON for their trust in U POWER. He stated, "The swift receipt of the initial purchase deposits underscores VIZEON's strong endorsement of U POWER's business model. This model has attracted an increasing number of customers from diverse regional markets to engage in substantive cooperation with us. Moving forward, we are fully committed to ensuring the high-quality delivery of UP VAN."

Christian Dubois, CEO of VIZEON, stated, "Thanks to the business model 'Powered by U POWER', we will leverage the UP VAN to introduce highly competitive VIZEON commercial vehicles to the Mexican market."

With the expansion of the "GLOCAL" strategy, U POWER Tech has delivered UP Super Board skateboard chassis products to U.S. customers. The first vehicle product built on this skateboard chassis, the "UP VAN" urban logistics cargo van, boasts the highest energy efficiency and optimal load efficiency among comparable global products. It has received 140,000 orders worldwide and will begin delivery in the second half of this year.

Leveraging a highly competitive supply chain, particularly from China, and advanced in-house R&D capacity, U POWER Tech helps customers build white-labeled EV products to meet diverse needs from many regional markets worldwide. Yao Zhai, Head of U POWER U.S., stated, "The standardized UP Super Board aligns with the highly customized product demands. Not only did we collaborate with EV startups like Olympian Motors earlier this year, the feedbacks from the unfitting communities here in North America have also been particularly positive. Based in Sunnyvale California, we will work hand in hand with local partners to continuously enhance product capabilities and create electric vehicle products that better suit U.S. customers."


U POWER Tech's booth featuring UP Super Board and UP VAN at ACT EXPO 2024
U POWER Tech's booth featuring UP Super Board and UP VAN at ACT EXPO 2024

Hashtag: #UPOWERTech #EV #Skateboard #SkateboardChassis #UPVAN #PoweredbyUPOWER #ACTEXPO



The issuer is solely responsible for the content of this announcement.

U POWER Tech

U POWER Tech is an innovative electric vehicle (EV) technology company dedicated to creating vehicles tailored for various scenarios, and it leads the way in skateboard chassis technology. By offering the ultimate standardized UP Super Board and white-label complete vehicle products, U POWER Tech significantly shortens the vehicle development cycle, empowering all scenario owners to achieve freedom in vehicle creation. It is leading the intelligent electric vehicle industry from the profit-less 1.0 era to the profit-maximizing 2.0 era.

Established simultaneously in Shanghai and Silicon Valley in early 2021, U POWER Tech brings together top-tier teams and talents from traditional OEMs, new auto players, internet technology companies, and experts from both Eastern and Western cultures. As an inherently global company, U POWER Tech is deepening its "GLOCAL" development strategy: by integrating the world's most comprehensive and the most competitive electric vehicle supply chains through skateboard chassis, it enables scenario owners worldwide to build vehicles locally at a faster pace and lower cost.

At the 2024 CES in the United States, U POWER Tech delivered the first batch of skateboard chassis products, the U POWER Super Board, to emerging electric vehicle manufacturers in the United States. U POWER Tech has also signed cooperation agreements with electric vehicle and energy companies in Japan, the Southeast Asia, and Europe, aiming to gradually introduce "Powered by U POWER" electric vehicle skateboard chassis, complete vehicle products, and corresponding energy services in multiple regional markets globally, empowering local businesses to undergo comprehensive electrification transformation.

The skateboard chassis developed by U POWER Tech combines green technology and AI technology. The UP Super Board integrates core functions related to electric vehicle driving through physical decoupling of the upper body and lower chassis and split development. It combines U POWER Tech's independently developed chassis domain controller and automotive supercomputing platform to provide software and hardware support for autonomous driving algorithms. Starting from commercial logistics scenarios, the first complete vehicle product, the U POWER UP VAN, has received 140,000 orders from markets including North America, Japan, Southeast Asia, Europe, and China. Mass production testing has been completed, and deliveries will commence in mid-year. Subsequently, U POWER Tech will also focus on providing SUVs and pickups to users for the ultimate scenario experience.

U POWER Tech has received successive investments from top-dollar funds such as ZhenFund and Matrix Partners, as well as automotive industry funds like Bosch's BOYUAN Capital.

News from Asia

PTOUNX Exchange Milestone: Obtaining and Significance of the Canadian MSB License

COLORADO, UNITED STATES - Media OutReach Newswire - 12 June 2024 - PTOUNX Exchange has recently achieved a significant milestone by obtaining a Canadian MSB (Money Services Business) license, a cr...

The Global Expansion Strategy of PTOUNX Exchange: Connecting the World, Sharing the Future

COLORADO, UNITED STATES - Media OutReach Newswire - 12 June 2024 - PTOUNX Exchange has recently advanced significantly in its global expansion strategy, focusing on establishing a secure and inter...

The Compliance Breakthrough of PTOUNX Exchange in the US: Obtaining the MSB License

COLORADO, UNITED STATES - Media OutReach Newswire - 12 June 2024 - PTOUNX Exchange has recently achieved a significant regulatory milestone by securing the US Money Services Business (MSB) license...

St. George’s University, Grenada, West Indies: Five Pioneering Applications of AI in Medicine

SEOUL, SOUTH KOREA - Media OutReach Newswire - 13 June 2024 - South Korea is poised to become a medical AI powerhouse given its substantial investments in developing and implementing technology...

Allessenz Unveils Revolutionary 13100mg Five-Fold Active Collagen Peptide Beverage, leading a new trend in dietary health

LAUFEN, GERMANY - Media OutReach Newswire - 6 June 2024 - Allessenz, a leading innovator in the European dietary supplement market, today announced the launch of its groundbreaking 13100mg Five-Fo...

Shop, Save, and Celebrate in Singapore with the Great iShopChangi Sale & Father’s Day Steals

Gear up for a month of mega savings with the Great iShopChangi Sale running till 30 June! Discover unbeatable deals on top-tier tech, luxury liquors, fashionable finds, and beauty bests, all up to ...

Inaugural Virtual Debate Competition on Bigo Live, Moderated by UKM

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 12 June 2024 - BIGO Live, a Singapore-based global leader in social livestreaming platforms, co-hosted a six-day intellectual and educational de...

Galaxy Macau Unveils "Revel in an Oasis of Bliss" Wellness Campaign

Offering A Series of Health and Wellness Activities to Rejuvenate Body, Mind, and Spirit in the Luxurious Urban Oasis of Galaxy Macau MACAU SAR - Media OutReach Newswire - 13 June 2024 - Embracing...

Dobin Launches "Card Compass" Feature to Simplify Tracking and Maximising Credit Card Rewards

Dobin announces the launch of its “Card Compass” feature, redefining how users approach tracking and maximising credit card rewards. The company plans to introduce further enhan...

Homeone Euro Trading Celebrates 23 Years of Excellence and Introduces Licensed Aircon Installation Services

SINGAPORE - Media OutReach Newswire - 13 June 2024 - Homeone, a trusted name in providing licensed electric storage and gas heater installation, is proud to announce the celebration of its 23rd an...

Popular

The Key Components of Effective Business Support Services

In today's fast-paced business environment, entrepreneurs and business owners must remain agile and competitive to succeed. However, managing a successful business can be a daunting task, with numerous challenges that can distract...

Calling Tradies: Entries Open to the 2024 Australian Trades Small Business Champion Awards

Entries have officially opened to the 2024 Australian Trades Small Business Champion Awards – the nation’s only recognition awards programme dedicated to spotlighting trades-based small business operators from all corners of e...

A fit CEO is an effective one: Why it’s important to carve out time for exercise

The return to the office this month, for many of us, brings the return of a more stimulating but also more hectic lifestyle. The commute, while a welcome differentiation between home and work for many of us, can eat into the p...