IoTeX and U Power form alliance, advancing Web3 objectives together
In a groundbreaking move, U Power Limited, a NASDAQ-listed company, has signed a strategic partnership with blockchain infrastructure provider IoTeX. This collaboration aims to integrate blockchain and AI capabilities to transform energy and transportation solutions.
The partnership focuses on tokenizing real-world assets such as EV battery assets and corporate bonds issued by U Power. By digitally representing traditionally illiquid assets on a blockchain platform, fractional ownership and improved liquidity without equity dilution become possible.
This collaboration also incorporates AI and IoT technologies for real-time tracking, safety monitoring, battery performance optimization, and efficient management of these tokenized assets through IoTeX’s decentralized infrastructure.
One of the key objectives is to accelerate the development and expansion of U Power’s UOTTA™ electric vehicle battery-swapping technology. By embedding blockchain into the EV infrastructure, the partnership intends to create a transparent, efficient ecosystem for energy distribution and utilization.
U Power anticipates this partnership will strengthen its capital structure and accelerate the advancement of its electric vehicle battery-swapping technology, UOTTA. The company's leadership has stressed that the collaboration aligns with the firm's Web3 aspirations, particularly in developing a decentralized ecosystem around battery-token and battery-bank applications.
HabitTrade, an international multi-asset trading platform, will act as the structuring and execution agent for integrating equity with tokenized assets in the U Power-IoTeX partnership. HabitTrade's involvement is expected to ensure regulatory compliance and execution efficiency in the implementation of innovative financial instruments.
The initiative could potentially reshape the future of EV infrastructure and digital asset management by leveraging the convergence of blockchain, AI, and IoT technologies. U Power's revenue growth of 124% over the past year, as noted by market analysts at InvestingPro, underscores the company's potential in this new landscape.
However, challenges related to cash flow sustainability and profitability still exist. U Power's current ratio of 1.85, considered a healthy indicator of liquidity, suggests the company is well-positioned to navigate these challenges.
The agreement involves the acquisition of real-world assets backed by U Power’s corporate bonds, forming the basis for a broader collaboration. By partnering with IoTeX and HabitTrade, U Power is enhancing its capital flexibility and positioning itself at the intersection of Web3, energy, and mobility-an intersection that could shape the future of EV infrastructure and digital asset management.
IoTeX, founded in 2017, has built its reputation around enabling decentralized, machine-driven data processing, making it a strategic match for U Power in the convergence of blockchain, AI, and IoT in future-facing energy and transport networks. This latest collaboration reflects a growing trend among technology firms seeking to redefine legacy asset structures and operations through tokenization and intelligent automation.
- This partnership between U Power Limited and IoTeX, facilitated by HabitTrade, is aimed at tokenizing real-world assets like EV battery assets and corporate bonds issued by U Power, leveraging blockchain technology for a more efficient and transparent energy distribution and utilization ecosystem.
- By incorporating AI and IoT technologies into EV infrastructure, U Power's objective is to accelerate the development and expansion of its UOTTA™ electric vehicle battery-swapping technology, reshaping the future of EV infrastructure and digital asset management through the convergence of blockchain, AI, and IoT technologies.
