U Power Limited（Nasdaq：UCAR）, a provider of AI-powered solutions for energy grids and intelligent transport, has signed a Memorandum of Understanding (MOU) with SAIC Hongyan Automotive Co., Ltd. and UNEX EV.
The partnership will introduce battery-swapping compatible heavy trucks in Thailand. The companies will also explore opportunities in Southeast Asia, Latin America, Europe, Hong Kong SAR, and Macau SAR.
Large-Scale EV Deployment in Thailand
The agreement includes:
- 3,000 electric heavy-duty tractors for long-haul transportation.
- 1,200 electric port-specific trucks for short-distance operations.
This initiative supports Thailand’s push for green, sustainable logistics. It also targets major highway transport operators and port enterprises.
Roles of Each Partner
- U Power will build and operate smart battery-swapping stations.
- UNEX EV will adapt SAIC Hongyan trucks for battery swapping, develop battery modules, and promote truck sales in Thailand.
- SAIC Hongyan will provide truck prototypes and technical support to ensure compatibility.
Together, the three companies will create a scalable electrification model for commercial trucking.
Leaders Share Their Vision
Pitak Pruittisarikorn, CEO of UNEX EV, said:
“We are excited to bring battery-swapping heavy-duty EVs to Thailand. This partnership shows our commitment to zero-emission logistics. With our local market insight and global clean mobility ecosystem, we aim to expand across Southeast Asia and beyond.”
Xiong, GM of Overseas Sales at SAIC Hongyan, added:
“By integrating battery-swapping technology, we will deliver flexibility and efficiency to Thailand’s long-haul and port logistics industries. Our goal is to set a global benchmark for green, intelligent heavy-duty transport.”
Johnny Lee, CEO and Chairman of U Power, noted:
“Thailand’s logistics sector shows strong demand for sustainable solutions. Our partnership with UNEX EV and SAIC Hongyan strengthens our presence in the region. In July, we launched Southeast Asia’s first operational battery-swapping station in Phuket. Earlier in April, we also delivered swappable EVs for taxis and ride-hailing. We look forward to expanding into more regional markets.”
Building a Greener Future
This collaboration combines global expertise and local market strength. It highlights the shift toward zero-emission logistics and aims to make battery-swapping trucks a reality in Thailand and other fast-growing markets.