U Power Limited announced that it has finished production of its first batch of 30 battery‑swapping electric heavy‑duty trucks for a pilot deployment in Thailand. The trucks, built by SAIC‑Hongyan under the UNEX EV brand, are scheduled for delivery to Whale Logistics in late May 2026.
The completion follows a comprehensive operational test and full‑stack battery‑swapping system integration that concluded in early March 2026, confirming the vehicles’ performance, safety and compatibility with U Power’s UOTTA™ swapping ecosystem. The pilot will provide real‑world data on swapping efficiency and fleet utilization for a high‑utilization logistics operator.
This milestone is a key step toward the company’s goal of deploying 1,000 battery‑swapping heavy trucks in Thailand over the next three years, offering a commercial validation of its technology and a potential revenue stream as the pilot progresses. U Power has been operating at a loss with negative free cash flow, so successful commercial deployments such as this pilot are critical to its financial trajectory.
CEO Johnny Lee said, "The completion of production and upcoming delivery represent a critical milestone in our strategy to electrify commercial transportation using our intelligent battery‑swapping ecosystem." He added, "Completing full‑condition road testing of our pilot vehicles confirms the reliability and efficiency of the UOTTA battery‑swapping model. Via the partnership with Whale Logistics, we are set to deploy 1,000 vehicles in Thailand to meet high‑frequency logistics demand and boost operational efficiency. Thailand is a strategic market in U Power's global growth plan."
The announcement was met with a strong positive reaction from investors, reflecting confidence in the company’s execution and the commercial potential of its battery‑swapping technology.
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