Business Daily Media

Times Advertising

.

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

Esperanza Partners with One Cool Stage to Open New Financing Frontiers for Hong Kong’s Cultural Assets Esperanza

Hong Kong theatre IP “The Big Big Day” anchors the next phase of fan participation and entertainment asset tokenization, with qualifying projects potential exceeding HK$2 billion in scale HONG KONG...

Bora Navigates A Transitional 1Q26 And Sets A Strong Foundation For Rest Of The Year

Transformational Acquisitions Expected to Contribute to Long Term Growth Starting 2Q26 HONG KONG SAR - Media OutReach Newswire – 13 May 2026 – Bora Pharmaceuticals ("Bora"; TWSE: 6472; OTCQX: BORA...

Masterise Group Launches One Central Saigon

Vietnam’s First Mixed-Use Landmark Destination Set opposite Ben Thanh Market, One Central Saigon is a landmark mixed-use destination where luxury living, hospitality, retail and business converge ...

World’s First Lightweight High Resolution High Precision CO₂ and CH₄ Point Source Detector "MUSICO" Arrives at Tiangong Space Station via Tianzhou-10

HKUST Led Project Marks Hong Kong’s First Scientific Payload on the National Space Station HONG KONG SAR - Media OutReach Newswire - 13 May 2026 - The world's first lightweight, high‑resolution, h...

Student Life and Campus Communities Are Becoming a Key Deciding Factor in Higher Education

SINGAPORE- Media OutReach Newswire - 14 May 2026 - Beyond academic rankings and programme offerings, students today are placing increasing emphasis on campus life, wellbeing support, and a sense o...

Siam Piwat redefines global retail with NEXTOPIA, a future prototype where sustainability is a transformative force for business, people, and the planet

BANGKOK, THAILAND - Media OutReach Newswire - 12 May 2026 - In a bold bid to reshape the future of retail, Siam Piwat Group has unveiled NEXTOPIA at its flagship Siam Paragon, the world's first ...

CPF NH Foods Advances to Production Phase, Launches ‘CP Nippon’ Brand in Premium Processed Pork Partnership

BANGKOK, THAILAND - Media OutReach Newswire - 14 May 2026 - Charoen Pokphand Foods Public Company Limited (CPF) and NH Foods Ltd. today announced that their joint venture, CPF NH Foods Co...

Banyan Group Residences Brings Latest Phuket Property Launches to Singapore

Three new Laguna Phuket developments – spanning lakeside living, golf-front design and Angsana-branded luxury – to be showcased at Fairmont Singapore on 23–24 May SINGAPORE - Media OutReach Newswi...

Kenanga Futures Launches "Shining in Global Futures" Campaign, Expanding Retail Access to Global Derivatives Markets

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 14 May 2026 - Kenanga Futures Sdn Bhd ("Kenanga Futures") is proud to launch its inaugural 2026 campaign, "Shining in Global Futures," running un...

Cushman & Wakefield Greater China Wins Six Best Five-Star Awards at 2026 Asia Pacific Property Awards

HONG KONG SAR - Media OutReach Newswire - 14 May 2026 — Cushman & Wakefield, a leading global real estate services firm, has again been recognized at the Asia Pacific Property Awards, scoring ...

SME support in Federal Budget falls short of easing business pressures

“The Federal Budget delivered several measures aimed at supporting small businesses, including making the instant asset write-off permanent, exten...

Bunji dog treats to hit Ritchies shelves

Cooee Native Superfoods’ Bunji range of dog kibble and treats is rolling out across Ritchies Supermarkets now, with stock already on shelves in se...

Pre-Budget Expectations

“Australian corporates and SMBs are under pressure. Competition from global players is intensifying, margins are under strain, and technology adop...

“Time is running out to get Payday ready,” Brighter Super urges

Superannuation fund Brighter Super is encouraging business owners to prepare now for Payday Super, ahead of the new laws taking effect from 1 July...

PayNuts Unveils Expanded Integrated Solutions and Refreshed Brand to Support Australian SMEs

PayNuts, one of Australia’s fastest-growing payment service providers, has unveiled a refreshed brand identity and an expanded suite of integrated b...

BizCover Brings Australia’s First AI-Based Insurance Quotes to ChatGPT

Australian small business owners can now receive and compare business insurance quotes directly inside ChatGPT, in a move that signals a major shi...