Denver, Colorado - U Power Limited (NASDAQ:UCAR) has completed production of its first 30 battery-swapping electric heavy-duty trucks, marking a key milestone in its push to commercialize next-generation transportation solutions. The vehicles are scheduled for delivery to Thailand in late May 2026, where they will be deployed in a pilot program aimed at accelerating adoption of battery-swapping technology in commercial logistics.
The pilot is part of a broader agreement with Whale Logistics (Thailand) Co., Ltd. to roll out up to 1,000 electric heavy trucks over the next three years. The initiative is expected to create one of Southeast Asia’s largest electrified logistics fleets and serve as a testing ground for scalable clean transportation solutions.
Production follows the successful completion of system-wide testing earlier this month, including full integration of U Power’s proprietary battery-swapping and energy management platform. The trucks are manufactured in collaboration with SAIC Hongyan Automotive Co., Ltd. and incorporate technology from UNEX EV, combining advanced vehicle engineering with intelligent energy infrastructure.
Battery-swapping is designed to address one of the biggest challenges facing electric commercial vehicles: downtime. Instead of waiting for batteries to recharge, operators can swap depleted batteries for fully charged ones in minutes. This significantly improves fleet utilization, reduces operating costs, and lowers emissions, key advantages for logistics providers operating on tight schedules.
U Power sees the Thailand pilot as a critical step toward broader global deployment. Data collected from the rollout will help refine system performance, optimize logistics integration, and validate the economic benefits of battery-swapping at scale. The company plans to use these insights to expand into additional Southeast Asian markets and beyond.
With demand for cleaner freight transportation rising, U Power’s approach positions it at the intersection of electrification and smart energy infrastructure. If successful, the Thailand deployment could serve as a blueprint for modernizing logistics fleets worldwide while reducing the environmental impact of heavy-duty transport.