U Power Limited Enters Into Framework Strategic Cooperation Agreement With Quantum Solutions Co., Ltd. In Japan; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
U Power Limited (NASDAQ:UCAR) has entered into a framework strategic cooperation agreement with Quantum Solutions Co., Ltd. (TSE: 2338) to develop business initiatives related to marketing, R&D of new energy vehicles, financial technologies, battery banks, EV charging, and battery-swapping operations and services in Japan.
June 01, 2023 | 12:18 pm
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U Power Limited's partnership with Quantum Solutions is expected to generate substantial value for shareholders by tapping into Japan's EV market and utilizing UOTTA battery-swapping technology.
The partnership with Quantum Solutions will allow U Power Limited to expand its presence in Japan's EV market, leveraging Quantum Solutions' market knowledge and U Power's battery-swapping technology. This collaboration is expected to create a new benchmark in Japan's new energy technology and electric vehicle industry, ultimately generating substantial value for U Power's shareholders.
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