Hong Kong’s first station leads East Asia; Portugal and Peru mark U Power’s entry into Europe and South America

PHUKET, THAILAND – EQS Newswire – 21 July 2025 – U Power Limited (Nasdaq: UCAR) and UNEX EV B.V. (hereinafter “UNEX EV”) today co-hosted the grand inauguration ceremony of Southeast Asia’s first smart battery swapping station for new energy vehicles, held in Phuket, Thailand. This station marks not only the first project launched by the joint venture between U Power and Thai energy conglomerate Susco, but also the first fully operational 24/7 smart battery swapping station in the entire Southeast Asia region. Notably, it is also the first such station globally—outside mainland China—designed specifically for electric taxis and ride-hailing fleets, signaling the scalability and global potential of this forward-looking battery swapping ecosystem for tens of millions of taxis and ride-hailing vehicles worldwide.

The ceremony welcomed local government officials, executives from CP Group, SAIC-CP MG, Susco, and guests from Singapore, Indonesia, and Malaysia. Pitak Pruittisarikorn, Global CEO of UNEX EV, delivered a keynote speech on behalf of both organizers, themed “Smart Swap: Powering Southeast Asia’s EV Future”. He noted: “This first smart swapping station in Southeast Asia is powered by U Power’s proprietary UOTTA™ technology, integrating AI-based positioning and modular hardware to enable fully automated battery swaps in just minutes—bringing the vision of autonomous, intelligent mobility into reality.”

Intelligent Infrastructure to Power the Robotaxi Era

U Power’s Smart Swapping Solution Fills the Critical Gap in Autonomous EV Energy Replenishment

The new smart swapping station in Phuket features U Power’s self-developed UOTTA™ battery swapping system, equipped with AI-assisted alignment, high-frequency operation capability, and standardized battery interfaces. The entire process takes only a few minutes and is fully unmanned, enabling seamless, efficient operations. The system supports multiple EV models and is pre-configured for future L4 autonomous driving vehicles, translating the concept of “unattended, automated battery replenishment” into an operational reality—meeting the ultra-fast energy needs of tomorrow’s intelligent transportation networks.

This technology path aligns with global transportation transformation trends. From North America to Asia and the Middle East, leading countries and cities are accelerating the commercialization of autonomous ride-hailing (Robotaxi) services. In the U.S., cities such as Los Angeles, San Francisco, Phoenix, and Austin have launched paid Robotaxi operations, with expansion underway in New York, Atlanta, and beyond. Chinese AV companies have also scaled operations to tens of millions of service orders. Cities like Dubai plan to automate 25% of public transport by 2030.

However, in high-frequency and time-sensitive mobility scenarios, traditional charging methods fall short of meeting the strict efficiency and uptime demands of Robotaxi fleets. In contrast, battery swapping—due to its speed, safety, and ability to operate autonomously—has emerged as the preferred energy solution. Thus, the main bottleneck to Robotaxi scale-up is no longer “driverless driving” but “driverless energy replenishment.”

U Power is solving this critical challenge. By deploying its smart swapping station in Phuket, U Power provides current fleet operators with a safe, efficient, and cost-effective energy solution. Under its strategic framework—”Vehicle-Station-Cloud-Token”—U Power is building a nodal, intelligent, data-driven energy infrastructure network. This system enables deep integration between mobility energy and digital energy trading, paving the way for autonomous vehicles to scale and ushering in a fully automated and unmanned future for global smart mobility.

Market Validation in Thailand: A Closed-Loop Ecosystem for Swappable Taxis

High Praise from Industry and Local Operators

In April 2025, U Power, together with UNEX EV and SAIC-CP MG, delivered its first batch of swappable EVs, which have since been operating as taxis and ride-hailing vehicles in Phuket. This marks the first real-world deployment of an intelligent battery swapping ecosystem in Thailand and Southeast Asia. The official launch of the Phuket station completes the ecosystem loop—from vehicle to swapping station to operational platform—and lays the foundation for a scalable, replicable business model.

Among the first adopters is AUTO Drive, one of Thailand’s largest taxi and ride-hailing operators. CEO Mr. Akaranan shared at the ceremony:

“The UOTTA™-enabled swappable EV fleet we deployed in Phuket has significantly improved operational efficiency. Battery swaps take just minutes, relieving power grid pressure during peak times and saving valuable time for both drivers and vehicles. This project serves as a pilot model for Thailand and ASEAN, offering a sustainable and unmanned energy solution for millions of urban mobility vehicles.”

Mr.Woraphon, President of the Thai Taxi Association, also praised the solution after inspecting the station and test-driving the vehicles:

“This UNEX EV-MG model is the best electric taxi I’ve seen in Thailand to date—spacious, comfortable, and cost-effective. More importantly, it helps drivers save time and money. We’re seriously considering this model when upgrading our 60,000-vehicle fleet to EVs in the future.”

Regional Expansion in Southeast Asia and Beyond:

U Power’s Global Battery Swapping Ecosystem Takes Shape Across Three Continents

Thailand serves as a strategic entry point for U Power in Southeast Asia, with implications far beyond this first station. Back in March, U Power and Susco formed a joint venture to develop a national battery swapping network leveraging Susco’s nearly 1,000 gas stations across Thailand. The JV will deploy UOTTA™-based smart swapping infrastructure for taxis, ride-hailing fleets, buses, and logistics vehicles—supporting Thailand’s green transportation transformation.

Building on Thailand’s success, U Power has launched its “ESP Model” in Singapore. Over the next three years, the ESP program aims to deploy 5,000 swappable EVs and a corresponding number of UOTTA™ stations, while converting 300 existing MG EP taxis into swappable versions.

With Thailand and Singapore as hubs, U Power is rapidly extending its network across Indonesia and Malaysia. Meanwhile, the company’s global ambitions are taking shape:

• In Hong Kong, the first UOTTA™ smart swapping station opened in June in Kwai Chung, with a three-phase plan to build 55 stations to serve taxis, buses, and even ferries.
• In Europe, U Power partnered with Portugal’s Taxi Association to launch the joint venture ELMO. At the ANTRAL 50th anniversary event, ELMO also revealed it is in talks with energy giant Galp to establish swapping stations.
• In South America, U Power will soon launch its first station in Peru, in partnership with local ride-hailing platform Ualabee.

From Asia to Europe and South America, U Power is leveraging its intelligent, standardized, and modular UOTTA™ technology to build a global energy network—empowering the electric mobility transition worldwide.

From the launch of its first station in Phuket to the rapid expansion of its regional ecosystem, U Power is transforming Southeast Asia’s EV infrastructure—and redefining global energy replenishment for electric mobility. As intelligent battery swapping stations roll out across countries and continents, U Power will continue collaborating with governments and industry partners to create a smarter, greener, and more efficient energy future.

In this era of autonomous, unmanned mobility, U Power is not merely building energy infrastructure—it is constructing the core network that connects clean energy with intelligent transportation. This growing network is leading the world toward a truly sustainable, zero-emissions mobility future.

Hashtag: #UPower

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

About U Power

U Power Limited (Nasdaq: UCAR), a member of the UPINCAR Group, was founded in 2013 and is a global leader in new energy technologies. Designed for the autonomous and intelligent mobility era, U Power developed the proprietary UOTTA™ smart battery swapping system, featuring high automation, rapid recognition (milliseconds), alignment (seconds), and full battery swap (minutes)—all with minimal human involvement.

In 2023, U Power became the world’s first and only Nasdaq-listed company focused on battery swapping technology, showcasing its maturity and full-stack capabilities in the EV charging and swapping ecosystem.

Driven by its mission to “Enable a Seamless Transition to the Electric Future”, U Power focuses on intelligent swapping tech, distributed energy networks, and Web3-based digital energy solutions. Its “Vehicle-Station-Cloud-Token” ecosystem, powered by proprietary tech and blockchain energy ledger infrastructure, supports multi-scenario deployment across logistics, public transit, and personal mobility.

With a strategic presence in six global regions—Greater China, Southeast Asia, Europe, North and South America, and the Middle East—U Power is the world’s pioneer in merging smart swapping with Web3 energy, delivering long-term value for global green transformation.

https://www.upower-limited.com/cn/

Hong Kong’s first station leads East Asia; Portugal and Peru mark U Power’s entry into Europe and South America

PHUKET, THAILAND – EQS Newswire – 21 July 2025 – U Power Limited (Nasdaq: UCAR) and UNEX EV B.V. (hereinafter “UNEX EV”) today co-hosted the grand inauguration ceremony of Southeast Asia’s first smart battery swapping station for new energy vehicles, held in Phuket, Thailand. This station marks not only the first project launched by the joint venture between U Power and Thai energy conglomerate Susco, but also the first fully operational 24/7 smart battery swapping station in the entire Southeast Asia region. Notably, it is also the first such station globally—outside mainland China—designed specifically for electric taxis and ride-hailing fleets, signaling the scalability and global potential of this forward-looking battery swapping ecosystem for tens of millions of taxis and ride-hailing vehicles worldwide.

The ceremony welcomed local government officials, executives from CP Group, SAIC-CP MG, Susco, and guests from Singapore, Indonesia, and Malaysia. Pitak Pruittisarikorn, Global CEO of UNEX EV, delivered a keynote speech on behalf of both organizers, themed “Smart Swap: Powering Southeast Asia’s EV Future”. He noted: “This first smart swapping station in Southeast Asia is powered by U Power’s proprietary UOTTA™ technology, integrating AI-based positioning and modular hardware to enable fully automated battery swaps in just minutes—bringing the vision of autonomous, intelligent mobility into reality.”

Intelligent Infrastructure to Power the Robotaxi Era

U Power’s Smart Swapping Solution Fills the Critical Gap in Autonomous EV Energy Replenishment

The new smart swapping station in Phuket features U Power’s self-developed UOTTA™ battery swapping system, equipped with AI-assisted alignment, high-frequency operation capability, and standardized battery interfaces. The entire process takes only a few minutes and is fully unmanned, enabling seamless, efficient operations. The system supports multiple EV models and is pre-configured for future L4 autonomous driving vehicles, translating the concept of “unattended, automated battery replenishment” into an operational reality—meeting the ultra-fast energy needs of tomorrow’s intelligent transportation networks.

This technology path aligns with global transportation transformation trends. From North America to Asia and the Middle East, leading countries and cities are accelerating the commercialization of autonomous ride-hailing (Robotaxi) services. In the U.S., cities such as Los Angeles, San Francisco, Phoenix, and Austin have launched paid Robotaxi operations, with expansion underway in New York, Atlanta, and beyond. Chinese AV companies have also scaled operations to tens of millions of service orders. Cities like Dubai plan to automate 25% of public transport by 2030.

However, in high-frequency and time-sensitive mobility scenarios, traditional charging methods fall short of meeting the strict efficiency and uptime demands of Robotaxi fleets. In contrast, battery swapping—due to its speed, safety, and ability to operate autonomously—has emerged as the preferred energy solution. Thus, the main bottleneck to Robotaxi scale-up is no longer “driverless driving” but “driverless energy replenishment.”

U Power is solving this critical challenge. By deploying its smart swapping station in Phuket, U Power provides current fleet operators with a safe, efficient, and cost-effective energy solution. Under its strategic framework—”Vehicle-Station-Cloud-Token”—U Power is building a nodal, intelligent, data-driven energy infrastructure network. This system enables deep integration between mobility energy and digital energy trading, paving the way for autonomous vehicles to scale and ushering in a fully automated and unmanned future for global smart mobility.

Market Validation in Thailand: A Closed-Loop Ecosystem for Swappable Taxis

High Praise from Industry and Local Operators

In April 2025, U Power, together with UNEX EV and SAIC-CP MG, delivered its first batch of swappable EVs, which have since been operating as taxis and ride-hailing vehicles in Phuket. This marks the first real-world deployment of an intelligent battery swapping ecosystem in Thailand and Southeast Asia. The official launch of the Phuket station completes the ecosystem loop—from vehicle to swapping station to operational platform—and lays the foundation for a scalable, replicable business model.

Among the first adopters is AUTO Drive, one of Thailand’s largest taxi and ride-hailing operators. CEO Mr. Akaranan shared at the ceremony:

“The UOTTA™-enabled swappable EV fleet we deployed in Phuket has significantly improved operational efficiency. Battery swaps take just minutes, relieving power grid pressure during peak times and saving valuable time for both drivers and vehicles. This project serves as a pilot model for Thailand and ASEAN, offering a sustainable and unmanned energy solution for millions of urban mobility vehicles.”

Mr.Woraphon, President of the Thai Taxi Association, also praised the solution after inspecting the station and test-driving the vehicles:

“This UNEX EV-MG model is the best electric taxi I’ve seen in Thailand to date—spacious, comfortable, and cost-effective. More importantly, it helps drivers save time and money. We’re seriously considering this model when upgrading our 60,000-vehicle fleet to EVs in the future.”

Regional Expansion in Southeast Asia and Beyond:

U Power’s Global Battery Swapping Ecosystem Takes Shape Across Three Continents

Thailand serves as a strategic entry point for U Power in Southeast Asia, with implications far beyond this first station. Back in March, U Power and Susco formed a joint venture to develop a national battery swapping network leveraging Susco’s nearly 1,000 gas stations across Thailand. The JV will deploy UOTTA™-based smart swapping infrastructure for taxis, ride-hailing fleets, buses, and logistics vehicles—supporting Thailand’s green transportation transformation.

Building on Thailand’s success, U Power has launched its “ESP Model” in Singapore. Over the next three years, the ESP program aims to deploy 5,000 swappable EVs and a corresponding number of UOTTA™ stations, while converting 300 existing MG EP taxis into swappable versions.

With Thailand and Singapore as hubs, U Power is rapidly extending its network across Indonesia and Malaysia. Meanwhile, the company’s global ambitions are taking shape:

• In Hong Kong, the first UOTTA™ smart swapping station opened in June in Kwai Chung, with a three-phase plan to build 55 stations to serve taxis, buses, and even ferries.
• In Europe, U Power partnered with Portugal’s Taxi Association to launch the joint venture ELMO. At the ANTRAL 50th anniversary event, ELMO also revealed it is in talks with energy giant Galp to establish swapping stations.
• In South America, U Power will soon launch its first station in Peru, in partnership with local ride-hailing platform Ualabee.

From Asia to Europe and South America, U Power is leveraging its intelligent, standardized, and modular UOTTA™ technology to build a global energy network—empowering the electric mobility transition worldwide.

From the launch of its first station in Phuket to the rapid expansion of its regional ecosystem, U Power is transforming Southeast Asia’s EV infrastructure—and redefining global energy replenishment for electric mobility. As intelligent battery swapping stations roll out across countries and continents, U Power will continue collaborating with governments and industry partners to create a smarter, greener, and more efficient energy future.

In this era of autonomous, unmanned mobility, U Power is not merely building energy infrastructure—it is constructing the core network that connects clean energy with intelligent transportation. This growing network is leading the world toward a truly sustainable, zero-emissions mobility future.

Hashtag: #UPower

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

About U Power

U Power Limited (Nasdaq: UCAR), a member of the UPINCAR Group, was founded in 2013 and is a global leader in new energy technologies. Designed for the autonomous and intelligent mobility era, U Power developed the proprietary UOTTA™ smart battery swapping system, featuring high automation, rapid recognition (milliseconds), alignment (seconds), and full battery swap (minutes)—all with minimal human involvement.

In 2023, U Power became the world’s first and only Nasdaq-listed company focused on battery swapping technology, showcasing its maturity and full-stack capabilities in the EV charging and swapping ecosystem.

Driven by its mission to “Enable a Seamless Transition to the Electric Future”, U Power focuses on intelligent swapping tech, distributed energy networks, and Web3-based digital energy solutions. Its “Vehicle-Station-Cloud-Token” ecosystem, powered by proprietary tech and blockchain energy ledger infrastructure, supports multi-scenario deployment across logistics, public transit, and personal mobility.

With a strategic presence in six global regions—Greater China, Southeast Asia, Europe, North and South America, and the Middle East—U Power is the world’s pioneer in merging smart swapping with Web3 energy, delivering long-term value for global green transformation.

https://www.upower-limited.com/cn/

The Award-Winning Integrated Resort Unveils a Dazzling Summer of Unparalleled Fun and Exclusive Rewards

MACAU SAR – Media OutReach Newswire – 21 July 2025 – As the summer sun shines brightly, Galaxy Macau™ Integrated Resort is transformed into a vibrant playground, offering unforgettable experiences for guests of all ages. This season, the award-winning resort is redefining the art of summer fun with its dazzling Summer Colorful Parade, tantalizing mocktails, and exclusive rewards.

Immerse in the Galaxy Macau summer experience

The Summer Colorful Parade is a spectacle that transforms the precinct into a vibrant playground, bringing together acrobats, stilt walkers and dancers, in a mesmerizing display of synchronized moves that will captivate the hearts of all who attend. With three daily sessions at 15:00, 17:00, and 19:00, guests can enjoy the excitement at Galaxy Promenade multiple times a day. The 17:00 session promises to be especially thrilling, with a special appearance by Wavey the Peacock, Galaxy Kidz’s beloved mascot.

To beat the heat, guests can indulge in a refreshing giant ‘drink’ at Jade Lobby – where a thirst-quenching oversized summer cocktail is a true masterpiece that embodies the essence of summer coolness. This stunning backdrop is sure to generate a flurry of Instagram-worthy moments, making it a must-visit spot for social media enthusiasts.

Shop till you drink – and win

For those seeking a more elevated experience, Promenade Central’s Posh Bar is a haven of sophistication, boasting a thematic color palette and an expertly crafted cocktail menu by award-winning mixologist Nokoy Mak, from Raffles at Galaxy Macau’s renowned Long Bar. From 12:00 to 22:00, guests can savor a range of tantalizing summer mocktails, carefully designed to match their unique mood. This as a special treat, shoppers who spend MOP10,000 at Galaxy Promenade will receive a complimentary drink at Posh Bar, making it the perfect way to unwind after a day of shopping.

To make this summer even more unforgettable, Galaxy Macau is offering an array of exclusive shopping privileges this August. In addition, a brand-new beauty and wellness-themed journey is available at DFS Macau, Galaxy Macau (Beauty), featuring luxury wellness activations and shopping rebates.

From now until September 14, guests can indulge in a kaleidoscope of colorful experiences that will leave them beaming with joy. To add an extra layer of excitement, a lucky draw is up for grabs, with prizes totaling up to MOP1 million, including luxurious stay experiences at Galaxy Macau’s esteemed hotels – Andaz Macau, Banyan Tree Macau, and Galaxy Hotel™. Guests can participate in the lucky draw by spending MOP500 or more, and double their chances of winning by paying with UnionPay. Hotel stays at Galaxy Macau or Broadway Hotel, tickets to shows and VR Immersive Experiences are also eligible for entry into the draw.

Lock your sight towards the stage

The summer fun doesn’t stop there. Galaxy Macau is hosting a series of electrifying events that will get your heart racing. The Grand Resort Deck will come alive with the summer season’s second Pool Party, presenting a thrilling event on August 16, featuring a rising singer-songwriter from Hong Kong and other internationally renowned performers. The world’s largest Skytop Wave Pool will be rocking to the beat of their hottest tracks!

For those looking for an exciting summer, Galaxy Macau has an impressive lineup of upcoming shows. Catch Baekhyun’s World Tour in Macau at the Galaxy Arena on August 30 and 31, as well as Joe Wong’s Comedy Tour: ‘Between Jobs’ – Macau on August 17 at the immersive G Box. With more to come, Galaxy Macau is solidifying its position as one of the four Culture Cities of East Asia 2025.

The luxury resort destination to visit in Macau for the ultimate holiday escape, watch the mercury rise with an energetic line-up of events and entertainment, as well as vibrant, sun-drenched dining and shopping experiences that pop! At Galaxy Macau, the mantra is simple: create lasting memories surrounded by colorful moments. So, come and experience the ultimate summer getaway, where the fun is endless, and the memories are forever. Visit Galaxy Macau this summer and be a part of ‘A Summer More Colorful’!

Hashtag: #GalaxyMacau

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

About Galaxy Macau Integrated Resort

Galaxy Macau™, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Eight award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies.

Embark on a delightful and rewarding journey at Galaxy Promenade, the one-stop shopping destination boasting some of the world’s most iconic luxury brands. Be the first to get the latest limited-edition items; explore fascinating pop-ups by coveted labels and revel in fabulous shopping rewards and privileges. Our VIPs are entitled to a highly-curated experience with dedicated personal shoppers at guests’ service, and be invited to exclusive luxury brand events. A different caliber of privileges and rewards also await. Discover the joys of fashion and stand at the forefront of style and sophistication—Galaxy Promenade has everything guests need to stay ahead of the style game.

Galaxy Cinemas takes immersive movie experiences to the next level with the latest audio-visual technology, ultra-luxurious facilities and bespoke services; CHINA ROUGE, one-of-a-kind cabaret lounge that evokes the glamor of Shanghai’s golden era with stylish entertainment and customizable surrounds; and Foot Hub, which presents the traditional art of reflexology for authentic relaxation and revitalization. For Authentic Macau Flavours and Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events.

Meeting, incentive and banquet groups are also catered to with a portfolio of unique venues in Galaxy Macau and an expert service team. Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world-class event venue featuring 40,000-square-meters of total flexible MICE, and the 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

For more details, please visit www.galaxymacau.com, www.broadwaymacau.com.mo and www.galaxyicc.com.