28.5 C
Vientiane
Sunday, June 8, 2025
spot_img
Home Blog Page 475

Ascenda Appoints Paul Smitton as President of International Partnerships

 Former Asia Miles CEO to lead loyalty ecosystem growth and expand partner opportunities

NEW YORK, April 8, 2025 /PRNewswire/ — Ascenda, the global leader in loyalty-as-a-service, announced today the appointment of Paul Smitton as President of International Partnerships. In this role, Paul will spearhead commercial strategy, building new avenues of value creation for Ascenda’s partners.

Paul joins Ascenda from Cathay Pacific, where he led Asia Miles, the foremost travel and lifestyle rewards program overseeing a network of over 12 million members and 800+ global partners. During his time at Cathay, Paul also served on the Asia Pacific Advisory Council for Mastercard. 

Under his leadership, Asia Miles expanded its partner network, launched high-impact alliances with Mastercard, Standard Chartered, and Marriott Bonvoy, and unified multiple loyalty programs into a single ecosystem. Paul pioneered a no-expiry mileage model, redefined redemption opportunities, and introduced new earn-and-burn partnerships across travel, retail, and financial services – transforming loyalty into a major growth engine.

“Loyalty should be more than just points. It’s about creating meaningful value for both members and partners,” said Paul Smitton. “At Asia Miles, we showed how expanding earning and redemption opportunities drives deeper engagement and stronger revenue. Ascenda’s unparalleled global network is unlocking new value streams for financial institutions and merchants, and I’m excited to be part of that journey.”

Kyle Armstrong, CEO of Ascenda, added: “Paul’s track record speaks for itself – he has built and optimized some of the most commercially successful loyalty programs in the world. His ability to align rewards ecosystems with revenue objectives will be instrumental as we continue to strengthen our merchant partnerships and expand Ascenda’s global footprint. We’re thrilled to welcome him to the team.”

As Ascenda continues to scale globally, Paul will play a pivotal role in advancing the company’s mission to power the most connective loyalty ecosystem for financial institutions and merchants.

For more information about Ascenda, visit www.asceda.com

MEXC 7th Anniversary Celebration Unveils Milestone Events and 10M USDT Prize Pool

VICTORIA, Seychelles, April 8, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, is celebrating its 7th anniversary with a global campaign featuring a 10,000,000 USDT prize pool. The milestone event invites users worldwide to compete, collect, and earn through a dynamic three-part celebration, marking not just MEXC’s seven-year journey, but the start of its next chapter in innovation and community empowerment.

MEXC 7th Anniversary Celebration: Groundbreaking Events and Massive 10,000,000 USDT Prize Pool Usher in the Next Chapter of Crypto Trading
MEXC 7th Anniversary Celebration: Groundbreaking Events and Massive 10,000,000 USDT Prize Pool Usher in the Next Chapter of Crypto Trading

The MEXC 7th Anniversary Celebration Event will be divided into three exciting arenas: Team PNL Rate Competition, Collect, Assemble & Win, and a Solo Leaderboard Battle. Each arena features a generous prize pool, with a total prize pool of up to 10,000,000 USDT. Through various events and rule structures, MEXC offers opportunities for both individual participants and teams to showcase their trading skills and strategies, ensuring that users with diverse needs can earn substantial rewards.

Key Timeline
  • Team Leader Registration Period: Apr 7, 2025, 10:00 (UTC) – Apr 13, 2025, 15:29 (UTC)
  • Team Member Registration Period: Apr 7, 2025, 10:00 (UTC) – May 4, 2025, 15:55 (UTC)
  • Competition Period: Apr 13, 2025, 16:00 (UTC) – May 4, 2025, 15:59 (UTC)
  • Extended Draw Period: May 4, 2025, 16:00 (UTC) – May 7, 2025, 15:59 (UTC)
Three Arenas, One Celebration

1. Team PNL Rate Competition

Teams compete based on PNL rate, with the top 10 teams sharing 25% of the total prize pool. Leaders and high-performing members receive boosted rewards. Eligible participants must reach a minimum Futures trading volume of 200,000 USDT.

2. Collect, Assemble & Win

In this arena, which offers 40% of the prize pool, participants complete tasks to collect Spot, Futures, and DEX+ fragments and forge them into mystery boxes. Every box contains guaranteed random rewards of up to 7,777 USDT.

3. Solo Leaderboard Battle

Here, individual traders compete in two rankings: Daily Trading Volume and PNL. A combined 35% of the prize pool is distributed across the top traders, with a minimum entry volume of 20,000 USDT in USDT-M Futures.

Beyond the competitive formats, the event also includes exclusive anniversary easter eggs that elevate the overall experience. Both the registration and competition periods span 7 days, a symbolic nod to MEXC’s seven-year milestone anniversary celebration. Long-time users can unlock up to 100 USDT in bonuses — a gesture of appreciation for their continued loyalty. Whether joining as a team or going solo, users can enjoy a more gamified, collaborative event structure that reflects MEXC’s continuous push to innovate and engage its global community.

Built for More than Seven

Since its establishment in 2018, MEXC has achieved a series of remarkable milestones: from a startup exchange to becoming the industry leader in liquidity, from the MX token reaching new all-time highs (ATH), to surpassing over 36 million users across more than 170 countries and regions. These achievements not only demonstrate MEXC’s strength in the cryptocurrency trading field but also its determination for continuous innovation and market expansion.

As MEXC celebrates its 7th anniversary, the platform credits its progress to the trust and support of its users — a driving force behind every milestone. In an industry defined by constant change, that support has empowered MEXC to keep evolving, pushing boundaries, and building with long-term vision.

“Our journey has always been shaped by our users,” said Tracy Jin, COO at MEXC. “Their belief in what we’re building is what fuels us to keep delivering better products, smarter tools, and a stronger community experience. As we celebrate seven years of growth, this milestone reflects not just our past achievements but also the future we are building together. Every challenge and triumph highlights our commitment to innovation, resilience, and, above all, our global community. Moving forward, we will continue to expand our business and services, focusing on our core strengths: the widest selection of tokens, the fastest listing speed, low trading fees, and high liquidity to provide users with a seamless, low-barrier digital asset trading experience.”

Now, as it looks ahead to the next chapter, MEXC remains focused on innovation, resilience, and deepening its connection with users across the globe.

For more details and to participate, visit here.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website X TelegramHow to Sign Up on MEXC

 

AI Presents Growth Opportunities for Malaysian eCommerce Sellers, Despite Adoption Challenges, Lazada Report Reveals

  • On average, Malaysian online sellers have adopted AI in only 26% of their business operations, significantly lower than the SEA average of 37%.
  • Indonesia and Vietnam lead average AI adoption in eCommerce in Southeast Asia, followed by Singapore and Thailand.
  • Lazada’s new playbook provides sellers with best practices, actionable insights and resources to help integrate AI into their operations.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 April 2025 – Lazada, a leading eCommerce platform in Southeast Asia, today published its research report, Bridging the AI Gap: Online Seller Perceptions and Adoption Trends in Southeast Asia (SEA). Developed in collaboration with Kantar, the report surveyed 1,214 eCommerce sellers across Malaysia, Indonesia, the Philippines, Singapore, Thailand, and Vietnam to examine AI adoption trends, challenges, and opportunities—shedding light on sellers’ readiness to integrate AI into their operations.

Knowledge, perception and implementation gap evident among online sellers

The research reveals that 69% of Malaysian online sellers show strong familiarity of AI, in line with the average for the region at 68%, indicating that they are aware of AI. While SEA sellers believe they have integrated AI into 47% of their business operations, actual adoption stands only at 37%. In Malaysia, this gap is even wider with sellers estimating adoption at 30%, while real implementation is lower at just 26%, underscoring a disparity between perceived and actual AI use in the country.

Online sellers face a dilemma in terms of assessing AI efficacy and its cost implications. While 89% of SEA sellers acknowledge AI’s role in boosting productivity, this sentiment is slightly lower amongst Malaysian sellers at 77%. This contrasts with the perceived overall usefulness of AI, where only 1 in 2 Malaysian sellers are sceptical about its utility, compared with almost two-thirds (61%) of SEA sellers who feel the same. Furthermore, although 87% sellers in Malaysia agree that AI can drive long-term cost savings, nearly two-thirds (64%) cite costliness and time-consuming implementation as barriers to adoption.

The research also suggests an implementation gap, where sellers understand the importance of AI but struggle with effective deployment. Highlighting the challenge of transitioning from familiar, manual processes to AI-driven solutions, nearly all sellers in SEA (93%) agree that it is important to upskill the workforce to use AI so that they can be more productive, yet 3 out of 4 sellers (75%) also concede that their employees still prefer to use tools they are familiar with, rather than new AI solutions. In Malaysia, the importance of upskilling for AI is slightly lower at 89%, although a high majority of sellers (67%) still indicate that their employees prefer to use tried-and-tested ways of working.

Comparing AI-readiness levels in Malaysia vs. SEA

Across the region, Indonesia and Vietnam lead with 42% AI adoption across business functions, while Singapore and Thailand follow closely at 39% and finally the Philippines at 32% and Malaysia at 26%. Based on the level of AI adoption across five core aspects of operations of a seller’s business, namely operations and logistics, product management, marketing and advertising, customer service, and workforce management, the report identifies three distinct seller archetypes – AI Adepts, AI Aspirants, and AI Agnostics[1], based on the average score they attained in each aspect of operations to represent their readiness level to embrace AI:

  • AI Adepts: Sellers who have integrated AI across at least 80% of their operations, placing them at the forefront of adoption. Only 15% of Malaysian sellers belong to this category, significantly lower than the SEA average of 24%.
  • AI Aspirants: Sellers who have partially integrated AI into their operations, but still face adoption gaps across key functions. This group comprises 43% of Malaysian sellers, aligning with half of the sellers in Southeast Asia (50%).
  • AI Agnostics: This group lags in AI adoption, with most business functions still handled manually. Malaysians have a notably higher number of sellers in this category (42%), nearly double the Southeast Asia average of 26%.

Findings indicate that Thailand has the highest share of AI Adepts, with 30% of sellers in this category. Singapore (29%), Indonesia (29%), and Vietnam (22%) also demonstrate strong AI implementation despite knowledge gaps, while Malaysia (15%) and the Philippines (19%) face challenges related to internal buy-in and infrastructure limitations. 85% of Malaysian sellers fall into the AI Aspirants and AI Agnostics categories, signalling a pressing need for enhanced seller support (48%) and AI-powered tools (47%) to drive implementation.

“The findings from our research reveal a fascinating gap in Southeast Asia’s eCommerce ecosystem. While most sellers understand AI’s transformative potential, many are still navigating the path from recognition to implementation,” said James Dong, Chief Executive Officer, Lazada Group. “As a leading eCommerce platform in Southeast Asia, we aim to bridge the knowledge and adoption gap by developing accessible AI solutions that address the unique challenges faced by sellers across different markets, ultimately making technology more accessible and driving sustainable business growth regardless of a seller’s size or technical expertise.”

Leveraging Lazada’s AI-driven solutions to transform business operations

To support sellers in their AI adoption journey, Lazada is launching the Online Sellers Artificial Intelligence Readiness Playbook, designed to provide strategic guidance based on sellers’ AI maturity levels. The research reveals that sellers are already leveraging key AI-driven solutions on Lazada’s platform to enhance their efficiency, validating Lazada’s continuous investments into cutting-edge AI innovations and advanced tools that streamline eCommerce operations and drive competitiveness.

With 67% of sellers expressing strong satisfaction in existing Lazada AI features[2], Lazada is also releasing new Generative AI (GenAI) features that are designed to empower sellers and enhance their product listings, streamline operations, and boost customer conversions such as:

  1. AI Smart Product Optimisation: Powered by GenAI, this tool helps sellers identify improvements they can make to their product titles, descriptions, or even photos. It enables automated virtual try-ons, background modifications, and model adjustments, allowing sellers to produce professional product imagery quickly within minutes.
  2. AI-Powered Translations: This feature automatically translates product content into multiple local languages, enabling sellers to expand their reach across diverse markets efficiently and accurately.
  3. Lazzie Seller: A dedicated AI assistant within the Alibaba Seller Centre (ASC), providing instant responses to frequently asked questions, quick navigation to key features, store risk assessments, and business advice to boost seller efficiency and growth.

To find out more, download the Online Sellers Artificial Intelligence Readiness Playbook to understand how these solutions can offer a structured framework for sellers to integrate AI into their workflows to drive growth, efficiency, and innovation in an ever-evolving eCommerce landscape.


[1] AI Adepts are sellers in the top 25th percentile for AI adoption in terms of their scores, AI Aspirants fall within the middle 25th and 75th percentile, and AI Agnostics are in the bottom 25th percentile.
[2] Refer to Annex for more details

About the Research

Developed in partnership with Kantar, Bridging the AI Gap: Online Seller Perceptions and Adoption Trends in Southeast Asia provides a comprehensive analysis of AI adoption trends, challenges, and opportunities, offering insights into how sellers can leverage AI to drive growth and efficiency in Southeast Asia’s evolving eCommerce landscape. The report surveyed 1,214 eCommerce sellers across Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam in February 2025.

This follows the Artificial Intelligence Adoption in eCommerce in Southeast Asia Whitepaper, another research conducted in partnership with Kantar, which surveyed more than 6,000 eCommerce users in the region in September 2024 to better understand AI awareness, trust and preferences, shopping behaviour, and consumer pain points in the region.

Annex
Lazada’s AI features for sellers:

  1. Lazada Business Advisor: AI-powered analytics tool that provides real-time insights to optimise sales and business performance. Almost seven in 10 Lazada sellers report strong satisfaction and almost half (48%) actively use this tool to track trends and make data-driven decisions
  2. Lazada Sponsored Solutions: A targeted advertising platform that boosts product visibility and maximises sales through AI-driven recommendations. Two in three (67%) sellers report strong satisfaction, and 46% actively use this tool, citing its positive impact on sales growth.
  3. AI Smart Listing: Generative AI tool that automates product listing by generating and pre-filling compelling attributes based on images or keywords. 64% of sellers report strong satisfaction in leveraging this feature to reduce listing time and improve content quality.
  4. Virtual Try-Ons: An AI-powered AR feature that allows shoppers to visualise products in real time, increasing purchase confidence and reducing returns. 62% of sellers express strong satisfaction with its effectiveness, with 42% of sellers using it actively.
  5. AI Selling Points: A tool that analyses product data and customer behaviour to automatically highlight key product features to drive conversions. 68% of sellers express strong satisfaction with this feature and 42% actively use it to attract more customers to their storefront online.
  6. Lazada IM Shop Assistant (LISA): An AI-powered tool that helps sellers enhance customer engagement by providing automated, AI-driven responses to inquiries, improving service efficiency and conversion rates. 65% of sellers express strong satisfaction with this feature and 38% actively use it.

Hashtag: #LazadaMY #Lazada




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

About Lazada Group

Lazada Group is Southeast Asia’s pioneer eCommerce platform. For the last 13 years, Lazada has been accelerating progress in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam through commerce and technology. Today, a thriving local ecosystem links about 160 million active users to more than one million actively-selling sellers every month, who are transacting safely and securely via trusted payment channels and Lazada Wallet, receiving parcels through a homegrown logistics network that has become the largest in the region.

Autonomous Unveils SmartDesk 5: The Statement of Luxury and Craftmanship

RIVERSIDE, Calif., April 8, 2025 /PRNewswire/ — Autonomous, a leader in refined workspace solutions, today introduced the SmartDesk 5, a premium standing desk designed to elevate the modern professional’s workspace. This innovative desk seamlessly blends understated elegance with advanced ergonomic features, catering to the discerning professional, creator, and gamer seeking a clutter-free and highly functional environment.

Minimalist Design Meets Maximum Functionality.

The 5th generation smart desk of Autonomous is designed with minimalism and aims to fit in and elevate modern professional workspace.
The 5th generation smart desk of Autonomous is designed with minimalism and aims to fit in and elevate modern professional workspace.

The Autonomous SmartDesk 5 presents a refined, minimalist aesthetic, distinguished by its premium tabletop surface. The smooth, powder-coated finish, coupled with the subtle sheen of the material, evokes a sense of understated luxury, elevating the workspace with a touch of modern sophistication. Its carefully curated neutral color palette – Meteor Grey, Titanium White, and Stone Beige – ensures seamless integration into any meticulously designed interior, allowing the desk to serve as a focal point of understated elegance.

Ergonomic Precision and Sustained Comfort.

Engineered for sustained comfort, this C-frame standing desk features a premium tabletop surface, meticulously designed to minimize fatigue during extended use. Notably, the tabletop incorporates a chamfered edge, providing a smooth, ergonomic surface for comfortable hand and forearm resting, reducing strain during prolonged typing or mouse usage. Its robust, customizable C-frame leg tubes, available in oval or square profiles, ensure unwavering stability across a wide adjustable height range of 29.5″ to 48.5″, confidently supporting loads up to 330 pounds. This combination of ergonomic design and structural integrity makes the desk an ideal choice for professionals and creators who prioritize comfort and stability throughout their workday.

Seamless Technology Integration for a Clutter-Free Workspace.

The Autonomous SmartDesk 5 revolutionizes workspace organization by seamlessly integrating technology into its design. Equipped with built-in 120V/15A power outlets strategically positioned within the desk’s frame, it eliminates the need for cumbersome extension cords and power strips, streamlining device connectivity. An advanced, integrated cable management system, featuring a discreet cable tray and strategically placed routing channels, effectively conceals and organizes all necessary cables, creating a clean, tangle-free environment.

Cable management system with power outlets equipped is hidden under the tabletop effectively creating a clean, tangle-free environment
Cable management system with power outlets equipped is hidden under the tabletop effectively creating a clean, tangle-free environment

Height adjustments are executed with precision, allowing for smooth and stable transitions between sitting and standing positions. The integrated control panel features programmable memory presets, enabling users to store and recall their preferred height settings with a single touch, promoting seamless ergonomic adjustments throughout the workday.

Tailored Performance for Diverse Needs.

Recognizing the varying demands of modern professionals, the Autonomous SmartDesk 5 is available in two configurations: the SmartDesk 5 and the SmartDesk 5 Pro. The base version caters to users with single or dual monitor setups, while the Pro version supports more demanding setups with three or more monitors. Both models offer sleek designs with distinct control interfaces: a button keypad for the standard version and a built-in touchscreen for the Pro. The motor system provides a lifting speed of up to 1.5 inches per second, and the adjustable height range ensures optimal ergonomics for all users. Pricing ranges from $299 to $649.

Autonomous SmartDesk 5 Pro is designed for demanding setups with larger tabletop and stronger system, which can carry up to 330 lbs.
Autonomous SmartDesk 5 Pro is designed for demanding setups with larger tabletop and stronger system, which can carry up to 330 lbs.

Sustainable Craftsmanship and Enduring Quality.

The Autonomous SmartDesk 5 is Green Standard certified, reflecting Autonomous’ commitment to environmentally responsible manufacturing. High-quality materials and meticulous construction techniques ensure durability and aesthetic refinement.

“The Autonomous SmartDesk 5 represents a deliberate departure from the often cluttered and impersonal workspace,” said Brody Slade, Autonomous Product Manager. “We have prioritized minimalist elegance and advanced functionality, including standing desks with integrated power and exceptional cable management, to create a workspace that fosters focused productivity and sustained well-being.”

Key Features:

  • Minimalist design with smooth, powder-coated finish and chamfered edges.
  • Trending color options: Meteor Grey, Titanium White, Stone Beige.
  • C-frame leg tubes.
  • Standing desk with integrated power outlet (120V/15A) and advanced cord management.
  • Intuitive touchscreen (Pro) or button keypad height control with customizable presets.
  • Single and dual motor options.
  • Adjustable height range: 29.5″ to 48.5″.
  • Lifting speed: up to 1.5 inches per second.
  • Weight capacity: up to 330 pounds.
  • Price range: $299$649.
  • Green Standard certified for sustainability.

The Autonomous SmartDesk 5 is available for purchase at https://www.autonomous.ai/standing-desks/autonomous-smartdesk-5 .

About Autonomous:

Autonomous Inc. designs and engineers the future of work, empowering individuals who refuse to settle and relentlessly pursue innovation. By continually exploring and integrating advanced technologies, the company crafts exceptional office products, including 3D-printed ergonomic chairs, configurable smart desks, and solar-powered work pods, enabling customers to create the future they envision.

PaySett Corporation expands its presence in the Dominican Republic via its regional payments partnership with JMMB Bank

PaySett’s market proven PayBank® solution will slot seamlessly into the bank’s
infrastructure to support its payments business.

ATLANTA and SANTO DOMINGO, Dominican Republic, April 8, 2025 /PRNewswire/ — PaySett Corporation a global leader of payment solutions and JMMB Bank announced today an expansion of their regional partnership to include the Dominican Republic. This partnership is expected to continue to increase electronic payments adoption in the country.

Jesus Garcia, Global VP of Business Development stated “For nearly two decades, PaySett´s solutions have been providing critical software infrastructure to power electronic payments in the Dominican Republic for consumers, businesses, and government agencies. This partnership is key for us, as we continue to grow in the Dominican Republic and represents our commitment to regional financial institutions, like the JMMB Group, that aim to better manage operational costs and facilitate the transfer of funds for their clients throughout their organizations.”

“At JMMB, we are constantly betting on innovation. We are committed to offering the best solutions for managing cash flow by bringing to our customers innovative tools to optimize their operations. This strategic alliance with PaySett Corporation represents a crucial step toward modernization of financial services in the Dominican Republic. Together we are driving access to payment solutions which facilitate financial inclusion to a large number of consumers while contributing to a sustainable growth in the country” according to Luis Bogaert, JMMB Bank CEO.

About PaySett Corporation

Atlanta Georgia based PaySett Corporation is a global provider of payment software solutions. PaySett provides products/services to assist global financial entities to effectively manage the way money moves throughout their organizations and for their customers. PaySett’s two decades of experience moving payments through national and international payment networks has allowed for the development of advance payment software for assisting global banks with the capability to enhance their regional and global payment network processing capabilities. Twelve of the top twenty global banks process payments through PaySett software.

PR Contact
David R. Pulido
E-mail: dpulido@paysett.com 
Tel: + 1 (404) 812-5367
www.paysett.com

Logo – https://laotiantimes.com/wp-content/uploads/2025/04/paysett_corporation_logo.jpg

U Power Limited (NASDAQ:UCAR) Conducts Southeast Asia’s First Public Demonstration of Battery Swap Station at 2025 Bangkok Motor Show

SHANGHAI, April 8, 2025 /PRNewswire/ — U Power Limited (NASDAQ:UCAR), a next-generation green smart energy grid innovator, marked a significant milestone in Southeast Asian expansion with a successful outdoor exhibition of its UOTTA battery swap station during the 2025 Bangkok International Motor Show. The cutting-edge infrastructure demonstration attracted widespread industry attention, drawing participation from key partners including SUSCO (Susco Public Company Limited), industry leaders, and over 80 accredited Thai media organizations. The demonstration unit will transition to full commercial service through a joint implementation with SUSCO soon, establishing Southeast Asia’s inaugural operational battery swap infrastructure — a launchpad for rapid nationwide expansion leveraging SUSCO’s extensive energy distribution network spanning Thailand’s busiest tourism zones and logistics hubs.

“This transcends mere equipment installation — it’s about redefining Southeast Asia’s EV infrastructure standards,” emphasized Jamie Zhang, CEO of U Swap Co Ltd. (U Power’s Thai subsidiary), at the live vehicle demonstration. “As Thailand’s first-mover, we’re establishing a replicable island-optimized swap model for deployment across tourism hubs.”

Integrated Ecosystem Deployment

The showcased station, now en route to Phuket for operational deployment, served as a tangible demonstration of U Power’s climate-resilient technology adapted for Thailand’s tropical environment. This mobility coincided with coordinated industry engagements through the Company’s strategic investment in local EV commercialization efforts. This milestone activates the implementation phase of U Power’s strategic joint venture with SUSCO, Thailand’s premier energy solutions provider. Under the partnership framework finalized in March 2025, the companies will co-manage the station’s commercial launch while developing standardized deployment protocols for coastal tourism markets. At a private industry forum held parallel to the Motor Expo, U Power and its regional partners outlined phased infrastructure development plans aligned with Thailand’s accelerated EV adoption curve.

Operational Synergy in Practice

The relocated Phuket station will initially service electric taxis and hailing vehicles under pre-established commercial agreements, creating Thailand’s first operational battery-swap ecosystem. This “exhibit-to-operation” model demonstrates U Power’s asset efficiency while allowing real-world performance validation ahead of broader network expansion. Notably, by fostering a collaborative and win-win ecosystem, the Company empowers local energy partners to adopt UOTTA’s open-architecture platform, enabling sustainable infrastructure expansion with minimized capital burden.

Synchronizing Infrastructure with National EV Ambitions

“This public demonstration marks more than a technical milestone — it’s a blueprint for scalable electrification across ASEAN’s tourism economies,” stated Johnny Lee, U Power’s CEO. “As Thailand’s pioneer operational battery swap provider, we’re delivering infrastructure that grows in lockstep with market demand, supported by cross-sector partnerships and aligned with national policy frameworks.” The initiative directly supports Thailand’s EV 3.5 policy, which extends consumer subsidies for battery-swappable vehicles through 2027.

About U Power Limited

U Power Limited (Nasdaq: UCAR) is a vehicle sourcing services provider with a vision to become an EV market player primarily focused on its proprietary battery-swapping technology, UOTTA technology. UOTTA is an intelligent modular battery-swapping solution designed to provide comprehensive battery power solutions for EVs. Since its inception in 2013, U Power has established a vehicle sourcing network in China’s lower-tier cities, developed multi-types of battery-swapping stations for compatible EVs, and operates a manufacturing facility in Zibo City, Shandong Province, China.

For more information, please visit: https://www.upower-limited.com/

Forward-Looking Statements

This press release contains “forward-looking statements.” Forward-looking statements reflect the company’s 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 events or circumstances, or changes in its expectations, except as may be required by law.

Although the company believes the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will turn out to be correct, and the company cautions investors that actual results may differ materially from the anticipated results. Investors are encouraged to review other factors that may affect future results in the company’s registration statement and other filings with the U.S. Securities and Exchange Commission (SEC).

For more information, please visit: https://www.upower-limited.com/

Contact:
U POWER LIMITED
Xing.wang@upower-limited.com 

Tianneng Explores Future Possibilities in Power Battery Market with Technological Breakthroughs

HUZHOU, China, April 8, 2025 /PRNewswire/ — As a leader in the power battery industry, Tianneng continues to drive innovation in the battery market through relentless technological advancement and transformative business models. At a recent spring industry expo, the company not only showcased its comprehensive product portfolio but also demonstrated its vision as an industry pioneer, leveraging cutting-edge R&D and pioneering strategies to redefine the future of energy storage.

In response to China’s updated national standards for electric vehicles, Tianneng unveiled two dedicated battery models—6-DZF-16 and 6-DZF-20—featuring lightweight designs and higher specific energy. Enhanced by proprietary technologies, these products are engineered to precisely meet the evolving demands of vehicle manufacturers and end-users under the updated regulatory framework.

Steering attention to next-generation solutions, Tianneng debuted its groundbreaking Rock Series—the industry’s first commercially available solid-state battery. Solid-state technology, widely regarded as the holy grail of battery innovation, has become a focal point for global R&D teams due to its superior energy density, safety, and longevity. With the launch of the Rock Series, Tianneng solidifies its position as the first mover in applying solid-state batteries to the electric vehicle sector, marking a milestone in practical commercialization.

By balancing immediate market needs with futuristic technological roadmaps, Tianneng reaffirms its commitment to shaping a smarter, greener energy ecosystem. The company’s dual focus on policy-driven optimization and disruptive innovation underscores its role as both an industry anchor and a catalyst for transformative change.

 

How Tianneng is Reshaping National Mobility with Next-Generation Battery Innovation

HUZHOU, China, April 8, 2025 /PRNewswire/ — In an era where consumers increasingly prioritize higher energy density, enhanced safety, and extended durability in batteries, the race to develop advanced solutions for improved range, faster charging, and longer lifespan has intensified. Against this backdrop, solid-state batteries have emerged as the next frontier in power cell technology—a shift Tianneng is spearheading to redefine everyday mobility.

Tianneng’s newly launched solid-state batteries, now entering real-world vehicle applications, represent a pivotal leap in addressing core industry pain points. By replacing traditional liquid electrolytes with solid-state alternatives, the technology eliminates risks of thermal runaway while delivering superior energy density, extended cycle life, and stable performance across extreme temperatures. This breakthrough not only aligns with global R&D trends but also marks the first practical integration of solid-state innovation in China’s two-wheeler electric vehicle (EV) sector.

The rollout of solid-state batteries underscores Tianneng’s broader “multi-technology, full-scenario, and ecosystem-driven” strategy. As one of the few global players mastering a full spectrum of battery technologies—spanning lead-acid, lithium-ion, hydrogen, and sodium-ion systems—Tianneng has built a diversified power battery matrix tailored to diverse mobility needs. Leveraging intelligent manufacturing and vertically integrated supply chains, the company now operates a closed-loop ecosystem encompassing cell R&D, smart BMS (Battery Management Systems), and end-of-life recycling. This holistic approach propels Tianneng’s evolution from a traditional battery supplier to a leader in sustainable mobility ecosystems.

By merging cutting-edge solid-state innovation with its multi-technology roadmap, Tianneng is not just solving today’s challenges but laying the groundwork for smarter, safer, and greener transportation. Its commitment to full-industry-chain excellence continues to set benchmarks, positioning the company at the forefront of reshaping how nations move.