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Aventuur’s Perth Surf Park breaks ground

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Aventuur’s Perth Surf Park breaks ground

The long-awaited $120 million Perth Surf Park has been at least 10 years in the making.

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Passport to funds: why CommBank is changing ID rules

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Passport to funds: why CommBank is changing ID rules

One of Australia’s biggest banks will no longer require several identity documents every time you open an account after a technology change.

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Grewal Harpreet, Penumbra director, sells $32,822 in stock

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Grewal Harpreet, Penumbra director, sells $32,822 in stock

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Form 13G Sifco Industries For: 6 April

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Form 13G Sifco Industries For: 6 April

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KWEB: Legacy Businesses Take Time To Phase-Out

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KWEB: Legacy Businesses Take Time To Phase-Out

KWEB: Legacy Businesses Take Time To Phase-Out

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'I jump in the sea to refresh my brain': How remote workers are boosting coastal towns

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'I jump in the sea to refresh my brain': How remote workers are boosting coastal towns

The rise in remote working means many professionals are choosing to settle in coastal and rural towns.

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U POWER LIMITED Achieves Significant Milestone in Revolutionizing Thailand’s Heavy-Duty Truck Battery-Swapping Industry

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U POWER LIMITED Achieves Significant Milestone in Revolutionizing Thailand's Heavy-Duty Truck Battery-Swapping Industry

U POWER Limited will launch its Hong Kong taxi battery-swapping operations in Q2 2026. The project aims to enhance commercial vehicle electrification and improve operational efficiency in high-density urban markets.

Hong Kong Taxi Battery-Swapping Operations Expected to Launch Soon

U POWER Limited, a provider of specialized solutions for next-generation energy networks and intelligent transportation systems, announced that, following its securing an order for 1,000 battery-swapping heavy-duty trucks in Thailand and completing production of the first batch of vehicles, its Hong Kong taxi battery-swapping project is also expected to complete station deployment and commence operations in the second quarter of 2026. This development marks a new stage of full commercial rollout for U POWER LIMITED’s battery-swapping business for commercial vehicles across the Asian market.

Successful Validation of Commercial Use Cases Supports Scaled Growth of the Battery-Swapping Model

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As one of the earliest technology companies in the industry to invest in the R&D and commercialization of battery-swapping solutions, U POWER LIMITED began promoting its UOTTA battery-swapping model for commercial vehicles in 2020 and achieved proven success in mainland China. After becoming the world’s first publicly listed battery-swapping technology company in 2023, U POWER accelerated its international expansion strategy, entering into partnerships with several major enterprises, including Thailand’s SUSCO (Susco Public Company Limited) and Whale Logistics Group.

In 2025, the company successfully launched a taxi battery-swapping business in Phuket, Thailand, and introduced its UNEX heavy-duty truck battery-swapping project to the Thai market, becoming the first company in overseas markets to achieve scaled commercial operations of battery swapping for commercial transport vehicles.

Further Advancing Hong Kong Taxi Battery-Swapping Project

U POWER LIMITED began laying out its strategy for the Hong Kong taxi battery-swapping market in 2024. In June 2025, the company completed Hong Kong’s first demonstration battery-swapping station capable of commercial operation. Since then, it has continued discussions with taxi industry partners regarding the broader rollout of battery-swapping taxis.

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After identifying a vehicle model suitable for the Hong Kong market in October 2024, the company conducted ongoing road-testing and battery-swapping compatibility validation, while completing the relevant certifications in accordance with the Transport Department’s market access requirements for taxi vehicles. According to the company, this batch of battery-swapping taxis has now met the conditions for on-road operation. In parallel with the construction of battery-swapping stations, U POWER is targeting market launch in the second quarter of 2026.

Focused on Commercial Vehicle Battery Swapping and Optimistic About the Hong Kong Market

Li Jia, Founder and CEO of U POWER LIMITED, said that the company has become an undisputed leader in the ecological development and commercialization of battery-swapping solutions for commercial vehicles in overseas markets outside mainland China.

“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,” Li said.

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Li added that Hong Kong is one of the world’s most representative high-density urban transportation markets, where the taxi sector places a strong premium on operating efficiency. Compared with conventional charging, U POWER’s battery-swapping model is therefore better suited to the Hong Kong market.

Property owners do not need to install more land-intensive charging facilities or invest in costly grid upgrades. For taxi operators and fleet managers, there is no need to worry about battery performance degradation or daily battery maintenance, nor about range limitations affecting driver recruitment. In addition, the battery-swapping model can be integrated with a battery banking system, making day-to-day operating costs more economical.

For these reasons, the company believes battery swapping will gain broader acceptance within Hong Kong’s taxi industry, and it will continue working alongside industry stakeholders to support the electrification transition of Hong Kong taxis.

 

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Source : U POWER LIMITED Makes Major Breakthrough in Thailand’s Heavy-Duty Truck Battery-Swapping Market

The information provided in this article was created by Cision PR Newswire, our news partner. The author's opinions and the content shared on this page are their own and may not necessarily represent the perspectives of Thailand Business News.

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Businesses scramble to get noticed by AI search

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Businesses scramble to get noticed by AI search

Firms are changing the way they present information on their websites, so they get noticed by AI.

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Japan February household spending falls 1.8% year-on-year

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Japan February household spending falls 1.8% year-on-year


Japan February household spending falls 1.8% year-on-year

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Nobody Believed In Alphabet: In 2026, It Faces Its Biggest Test (NASDAQ:GOOG)

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Alphabet: Don't Let The CapEx Scare You Away From A $240B Backlog (NASDAQ:GOOG)

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I’m a Financial Analyst at a Fortune 500 company, investing with a long runway—30 years to retirement and plenty of compounding ahead. I write about building a thoughtful portfolio that balances strong growth potential with solid fundamentals. My focus is on high-quality businesses, mostly in the U.S. and Europe—companies with staying power, industry-leading profitability, low leverage, and room to grow. I’m especially interested in portfolio strategy, capital allocation, and what makes a business truly worth holding for the long haul. Investing, for me, is about more than just returns—it’s a way to challenge my thinking, stay curious, and move steadily toward financial independence.

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