U Power Limited has completed production of the first batch of vehicles from a 1,000-unit battery-swapping heavy-duty truck order in Thailand, while its Hong Kong taxi battery-swapping project is targeting commercial launch in Q2 2026 following completion of vehicle certification requirements.
The Thailand program, branded UNEX, runs through partnerships with SUSCO (Susco Public Company Limited) and Whale Logistics Group. U Power says it is the first company to achieve scaled commercial operations of battery swapping for commercial transport vehicles in overseas markets outside mainland China. The company already operates a taxi battery-swapping service in Phuket, launched in 2025 through the same Thailand partnerships.
The Hong Kong project has been in development since 2024. U Power completed the city’s first commercially capable demonstration battery-swapping station in June 2025 and has since been running road testing and swapping compatibility validation on a vehicle model identified in October 2024. The company says it has now cleared all required certifications under Transport Department requirements and the vehicles are ready for on-road operation. Station construction is proceeding in parallel, with a Q2 2026 target for commercial launch.
U Power’s case for Hong Kong is largely economic: operators avoid installing charging infrastructure or upgrading grid connections, fleet managers aren’t exposed to battery degradation risk, and integration with a battery banking system keeps day-to-day operating costs competitive—arguments well-suited to the city’s high-density, efficiency-focused taxi sector.
“Leveraging our AI-driven energy management system and standardized battery-swapping infrastructure, we are building an ecosystem for a wide range of commercial battery-swapping vehicles and advancing the electrification of commercial transportation,” said Li Jia, Founder and CEO of U Power Limited.
U Power describes itself as the world’s first publicly listed battery-swapping technology company, having listed in 2023. Its commercial vehicle battery-swapping model, branded UOTTA, dates to 2020.
Source: U Power Limited
