Energy grid AI specialist U Power is partnering IoTex AI blockchain platform to expand its proprietary UOTTA EV battery-swapping technology. The partnership aims to accelerate the expansion of Web 3.0 AI-powered energy and transportation system solutions.

Both parties will actively explore innovative solutions for the tokenisation of U Power issued Real World Assets (RWAs), incorporating AI technologies to ensure scalable asset growth.

U Power is a provider of AI-integrated energy solutions that connect electric vehicles (EVs) with advanced energy infrastructure, optimising both mobility and grid performance. Originally a distributor of various battery-swapping station models built on its proprietary modular battery-swapping technology UOTTA, U Power has evolved into a provider of AI-integrated solutions for energy grids and transportation systems.

IoTeX provides decentralised identity (DID) for machines, zero-knowledge proofs for data verification, smart contracts for orchestration and incentivisation, and AI framework for real-time data and agent interaction. The company is now expanding into the world of Physical AI, where real-time, real world data from machines is combined with contextual insights from humans to create intelligence for the AI industry.

Johnny Lee, CEO and Chairman of U Power said: “This partnership with IoTeX supports U Power’s Web 3.0 initiative for the expansion of our battery-token and battery-bank operations. The tokenisation of RWAs and integration of our AI-empowered smart battery-swapping stations with a decentralised IoT infrastructure, offers real-time asset (battery) tracking, continually monitored for safety, energy efficiency, and performance. This partnership is expected to accelerate our long-term mission of creating a comprehensive and sustainable battery-swapping ecosystem.”

The collaboration is supported by HabitTrade, a global multi-asset trading and infrastructure platform, which serves as the structuring and execution agent for this token-equity integration.