U Power Limited, a provider of AI-powered solutions for energy grids and transportation systems, announced on Monday that it has signed a Memorandum of Understanding (MOU) with SAIC HONGYAN Automotive Co., Ltd and UNEX EV B.V. to deploy battery-swapping compatible electric heavy trucks in Thailand, with potential expansion into other international markets.
Under the agreement, the three companies will deploy 3,000 electric heavy-duty tractors for long-haul transportation and 1,200 port-specific short-distance trucks. U Power will lead the development and operation of battery-swapping stations, UNEX EV will adapt SAIC Hongyan trucks to enable battery swapping and support sales in Thailand, while SAIC Hongyan will supply prototypes and provide technical support.
Pitak Pruittisarikorn, CEO of UNEX EV, said, “We are excited to deepen our collaboration with U Power and SAIC Hongyan to bring cutting-edge, battery-swapping compatible heavy-duty EV solutions to Thailand’s commercial transportation sector. This strategic partnership reflects our shared commitment to accelerating the global shift toward zero-emission logistics.”
SAIC Hongyan’s General Manager of Overseas Sales, Ms. Xiong, added, “Through compatibility with battery-swapping technology, we aim to deliver operational flexibility and enhanced efficiency to fleet operators in Thailand’s long-haul and port logistics industries. We look forward to jointly creating a benchmark for green, intelligent heavy-duty transport that can be replicated across more regions globally.”
Johnny Lee, CEO and Chairman of U Power, commented, “Together, we identified a growing demand for sustainable transportation solutions within Thailand’s logistic industry. We believe our combined expertise positions us well to capitalize on this opportunity, enhance our presence in the Thailand market and further drive growth as we continue to build a battery-swapping ecosystem here.”