According to the Zhixin Finance app, UPC.US announced an important strategic cooperation on Wednesday, signing a memorandum of understanding with Pattaya AI Terminal to promote the strategic development of green logistics and electric vehicle infrastructure in Thailand.

Under the agreement, the two parties are expected to provide innovative electrification solutions for Thai commercial logistics and special-purpose passenger markets by combining Pattaya's AI logistics solution expertise with UPC's proprietary battery replacement technology. This collaboration is expected to significantly enhance Thailand's competitiveness in the field of green logistics.

UPC plans to provide commercial electric vehicles compatible with UOTTA technology and plans to deploy battery replacement and charging stations in major cities and key logistics nodes in Thailand. Notably, the joint venture plans to develop automatic and semi-automatic charging stations compatible with UPC's vehicles and customized to the specific demands of the Thai market. In the early stages of cooperation, UOTTA battery replacement technology and corresponding EVs will be launched. As cooperation deepens, UPC also plans to localize the production of battery replacement commercial vehicles in Thailand.

Since its inception, UPC has established a network of around 100 wholesalers and 30 small and medium-sized auto dealers. In 2020, the company shifted its strategic focus to the electric vehicle market, focusing on the development of the UOTTA battery replacement technology, which greatly shortens the charging time of electric vehicles by quickly replacing depleted batteries with fully charged ones.

This strategic cooperation has driven an increase in UPC's stock price, which rose as much as 17.5% in pre-market trading, reflecting the market's high recognition of the prospects for this collaboration.

Through this cooperation, UPC has not only taken solid steps in the Thai market, but also contributed innovative strength to the global green logistics and electric vehicle infrastructure development. As cooperation deepens, UPC is expected to achieve rapid growth and market expansion while promoting sustainable transportation solutions.

It is worth mentioning that on June 5th, UPC announced a milestone cooperation with Dutch electric vehicle company UNEX, joining forces to provide revolutionary battery replacement vehicles and stations for Portugal's largest taxi operator, Associação Nacional dos Transportes Rodoviários em Automóveis Ligeiros (ANTRAL). This collaboration marks the first foray of UPC's UOTTA battery replacement business into the European market and heralds its further expansion in the global sustainable transportation field.

In the first phase of the agreement, it is planned to deploy two battery replacement stations and 120 rental cars equipped with replaceable batteries. ANTRAL, as a Portuguese industry giant, travels over 80 million kilometers annually, with carbon emissions of up to 1,440 tons and fuel costs close to 10 million euros. By adopting UOTTA battery replacement services, it is expected to significantly reduce related costs by 30-50%, which not only coincides with the EU's goal of achieving 30 million zero-emission electric vehicles by 2030, but also brings economic and environmental benefits to the taxi industry.

Jia L, Chairman and CEO of UPC, emphasized that after conducting market research and customer interaction in Europe, South America, Southeast Asia and other regions, UPC is full of confidence in promoting the UOTTA battery replacement business in foreign markets. This business model has been matured through market validation, and has the potential to rapidly replicate in countries around the world in terms of technology, business model, and daily operations.