08:40 AM EDT, 07/09/2025 (MT Newswires) -- U Power ( UCAR ) said Wednesday that it has signed a Memorandum of Understanding with NV Gotion to deploy swapping-enabled EV batteries and develop battery-bank solutions for compatible electric vehicles in Thailand and Southeast Asia.

The two companies will form a partnership to develop battery modules and packs for various electric vehicles, including two- and three-wheelers, pickup trucks, vans, light-duty trucks, as well as heavy-duty trucks, and establish a battery-swapping infrastructure in Thailand, U Power ( UCAR ) said.