U Power and Velo Labs Collaborate on Blockchain-Based EV Battery Investment Ecosystem in Thailand
Portfolio Pulse from Benzinga Newsdesk
U Power Limited (NASDAQ:UCAR) has signed a Memorandum of Understanding with Velo Labs to establish a blockchain-based EV battery investment ecosystem in Thailand. This collaboration aims to enhance battery tracking, user experience, and operational efficiency, and attract external funding for large-scale development.
August 05, 2024 | 11:09 am
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U Power Limited has partnered with Velo Labs to establish a blockchain-based EV battery investment ecosystem in Thailand. This collaboration aims to enhance battery tracking, user experience, and operational efficiency, and attract external funding for large-scale development.
The partnership with Velo Labs is likely to positively impact U Power Limited's stock in the short term due to the innovative use of blockchain technology and the potential to attract external funding, which could drive significant growth in the EV battery sector.
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