U Power Limited, a provider of AI-based solutions for advanced energy grids and intelligent transportation systems, has completed its Real-World Assets (RWA) issuance through a partnership with IoTeX, a blockchain platform specializing in transforming machine-generated data into collective intelligence for AI.
Under the agreement, U Power and IoTeX will collaborate to develop an electric vehicle (EV) battery-swapping system that integrates blockchain (Web3), AI, and tokenized RWAs.
The issued RWAs are backed by U Power’s battery-swapping business and related assets in China and Southeast Asia. They represent a key step in advancing the company’s Web3.0 strategy to expand its battery-token and battery-bank operations. IoTeX has approved these asset-backed RWAs for trading on HabitTrade, a global multi-asset trading and infrastructure platform.
In parallel, U Power and IoTeX have completed the development of foundational Web3.0 infrastructure to support these initiatives. U Power plans to introduce new financial instruments linked to its energy and transportation assets, aiming to broaden participation in its capital and infrastructure projects.
“Our collaboration with IoTeX enables the tokenization of EV batteries, creating new mechanisms for infrastructure financing and asset management,” explained Johnny Lee, CEO and Chairman of U Power. “By accelerating the deployment of battery-swapping stations and enhancing data-driven operations through blockchain and AI, we can improve asset utilization and establish recurring revenue models that support long-term growth.”
Filed Under: Batteries, Technology News