Chinese EV battery-swapping provider U Power will install 55 smart battery swapping stations in Hong Kong. The company, which inaugurated the first station in June, aims to create a zero-carbon EV charging ecosystem in the city. The station is Hong Kong’s first smart battery-swapping station, a zero-carbon swapping station, to be connected to a Battery-Bank.

U Power is also introducing Battery-Token, a solution using Web 3.0 blockchain and token-based economics.

U Power’s plan of constructing and installing 55 smart battery-swapping stations for EVs in Hong Kong aims to help transform the city’s fleet of 18,000 taxis into greener EVs and promote sustainable and efficient urban transportation.

The ecosystem of smart battery-swapping stations will also be able to support a range of EV types such as four-wheeled commercial cars, electric buses, in addition to Hong Kong’s ferry terminal.

The Company has signed and/or working on to establish MOUs with ESP partners in Hong Kong, Macau (planning to sell and service 600 battery-swapping vehicles and operate six battery-swapping stations), and Singapore (planning to sell 5,000 battery-swapping vehicles and operate 50 battery-swapping stations) markets, aiming to build a battery-swapping ecosystem.

Johnny Lee, CEO and Chairman of U Power said, “We are excited to debut Hong Kong’s first smart battery-swapping station, demonstrating a replicable zero-carbon, energy efficient charging infrastructure for densely populated urban areas. As we continue our investments in next-generation AI technologies, we look forward to working with our partners in Asia, Europe and South America to create a sustainable and efficient urban transportation ecosystem in these markets.”