Internet Power Pushes Forward Web3 Objectives Through Partnership with IoTeX
U Power Limited, a NASDAQ-listed company, has signed a significant partnership with blockchain infrastructure provider IoTeX and multi-asset trading platform HabitTrade. This strategic alliance aims to revolutionise the electric vehicle (EV) infrastructure, leveraging blockchain technology, artificial intelligence (AI), and decentralised finance (DeFi) principles.
The collaboration is expected to play a pivotal role in addressing U Power's financial and technological needs. By tokenising real-world assets (RWAs) such as corporate bonds backed by its AI-powered battery-swapping stations, U Power anticipates strengthening its capital structure and accelerating the advancement of its electric vehicle battery-swapping technology, UOTTA.
From a financial perspective, the partnership enhances U Power's capital position by unlocking liquidity from traditionally illiquid corporate bond assets. The digital asset creation fosters transparency and scalability in raising capital for expanding its EV battery-swapping network.
In terms of Web3 aspirations, the partnership fully integrates U Power’s AI-enabled battery services with a decentralised IoT infrastructure powered by IoTeX’s blockchain platform. This step supports real-time battery tracking, safety monitoring, energy efficiency, and performance analytics, aligning with Web 3.0 principles of decentralisation and tokenisation of physical assets.
Regarding future EV infrastructure, the alliance enables acceleration of smart, connected battery-swapping infrastructure that leverages blockchain and AI to enhance operational transparency, asset security, and automate energy and data flows. The collaboration positions U Power at the intersection of EV mobility, AI-enhanced energy grids, and decentralised digital asset management, enabling an innovative and scalable EV ecosystem for the coming decade.
Market analysts at InvestingPro have noted a 124% revenue growth for U Power over the past twelve months. However, they also highlight challenges related to cash flow sustainability and profitability. Despite these challenges, U Power's current ratio of 1.85 is considered a healthy indicator of liquidity.
By partnering with IoTeX and HabitTrade, U Power aims to enhance its capital flexibility and position itself at the intersection of Web3, energy, and mobility. IoTeX's core technology makes it a strategic match for U Power, given the increasing convergence of blockchain, AI, and IoT in future-facing energy and transport networks. The partnership between U Power, IoTeX, and HabitTrade reflects a growing trend among technology firms seeking to redefine legacy asset structures and operations through tokenization and intelligent automation.
The initiative also aims to ensure regulatory compliance and execution efficiency in the implementation of innovative financial instruments. HabitTrade, an international multi-asset trading platform, will act as the structuring and execution agent for integrating equity with tokenized assets in the U Power-IoTeX partnership.
In summary, this strategic partnership exemplifies the convergence of blockchain, AI, IoT, and digital finance aiming to transform legacy EV infrastructure into a connected, Web3-enabled smart energy and mobility platform. The partnership positions U Power at the forefront of this transformative shift, promising a future of efficient, sustainable, and intelligent EV infrastructure.
- The strategic alliance between U Power, IoTeX, and HabitTrade will potentially improve U Power's flexibility in the finance industry, as it seeks to integrate equity with tokenized assets, layering digital finance principles onto its existing energy and mobility structures.
- Through the partnership, U Power intends to leverage IoTeX's core technology in the energy sector, recognizing the importance of blockchain, AI, and IoT in creating future-proof, Web3-enabled electric vehicle infrastructure.
