Tap The Potential - U Power Soars On Business Deal With Japanese EV Maker Quantum Solutions - U Power (NASDAQ:UCAR)

Vehicle sourcing services provider U Power Ltd UCAR entered into a framework strategic cooperation agreement with Quantum Solutions Co Ltd for business development.
Quantum is an independent Japanese electric vehicle (EV) manufacturer listed on the Tokyo Stock Exchange.
The agreement calls for developing business initiatives relating to marketing, research and development of new energy vehicles, financial technologies, battery banks, EV charging and battery-swapping operations and services in Japan.
Quantum has agreed to advise on selecting and developing suitable EV models by leveraging its deep understanding of Japan's EV market and consumer needs.
U Power has agreed to provide battery-swapping technology, products, and compatible cloud service platforms according to Quantum Solutions' requirements.
The parties may establish a joint venture in the future to further pursue their strategic cooperation.
Jia Li, CEO, Director, and Chairman of the Board, said, "We expect to utilize our UOTTA battery-swapping technology to innovate and ultimately expand into Japan's EV market. We anticipate the partnership will generate substantial value for our shareholders."
Price Action: UCAR shares are trading higher by 181% at $8.75 on the last check Thursday.
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Tap The Potential - U Power Soars On Business Deal With Japanese EV Maker Quantum Solutions