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U Power Expands Global Footprint with Strategic Move into Thai Market

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SHANGHAI, July 3, 2024 /PRNewswire/ — U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced that it had signed a Memorandum of Understanding (“MoU”) with Pattaya AI Terminal Co., Ltd. (“Pattaya AI”) to jointly drive the strategic development of green logistics and electric vehicle (“EV”) infrastructure in Thailand.

Combining Pattaya AI’s advantages in logistical solutions with U Power’s proprietary battery-swapping technology, the joint venture will provide electrified solutions for Thailand’s commercial logistics and dedicated passenger transportation markets. U Power will also leverage its expertise to provide commercial EVs compatible with its UOTTA technology and deploy battery swapping and charging stations for commercial EVs in key cities and logistics nodes across Thailand, enhancing logistics chain efficiency. Furthermore, the Parties intend to jointly develop automatic and semi-automatic charging stations compatible with U Power’s vehicles and tailored to the specific needs of the Thai market. During the initial phase of the partnership, U Power will introduce battery swapping technology and compatible EVs. As the partnership matures, U Power intends to locally manufacture battery-swapping commercial vehicles in Thailand. These vehicles will include pickup trucks and light-duty vans for dedicated transportation routes.  

Jia Li, Chairman and CEO of U Power, commented, “We are proud to enter into a strategic partnership with Pattaya AI. This collaboration leverages our expertise in EV battery solutions and Pattaya AI’s capabilities and resources to address emerging opportunities in Thailand’s evolving EV market. By partnering with Pattaya AI, we aim to revolutionize green logistics, enhance Thailand’s electric vehicle infrastructure, and build a solid foundation upon which we can pursue future innovations and deliver sustainable shareholder value.”

About U Power Limited

U Power Limited is a vehicle sourcing services provider, with a vision to becoming an EV market player primarily focused on its proprietary battery-swapping technology, or UOTTA technology, which is an intelligent modular battery-swapping technology designed to provide a comprehensive battery power solution for EVs. Since its operation in 2013, the Company has established a vehicle sourcing network in China’s lower-tier cities. The Company has developed two types of battery-swapping stations for compatible EVs and is operating one manufacturing factory in Zibo City, Shandong Province, China. For more information, please visit the Company’s website: http://ir.upincar.com/.

About Pattaya AI Terminal Co., Ltd.

Pattaya AI, a subsidiary of Pattaya Group, specializes in airport solutions. It provides innovative services using modern information technology to enhance airport development and efficiency. Pattaya AI’s current operations at U-Tapao International Airport in Thailand include the implementation of a Common Use Passenger Processing System (CUPPS) and IPax NG (Local Departure Control System: LDCS). These systems facilitate efficient passenger processing, improve safety, and support domestic and international airlines operating at the airport.

Safe Harbor Statements 

This press release may contain “forward-looking statements”. Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

Contacts

U Power Limited
Investor Relations Department
Email: ir@upincar.com

Robin Yang, Partner
ICR, LLC
Email: UPower.IR@icrinc.com
Phone: +1 (212) 475-0415

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SOURCE U Power Limited

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Ov Finance Enhances Fintech Platform with New Intelligent Investment and Lending Features

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7 hours ago

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April 27, 2025

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Ov Finance introduces expanded tools for smarter portfolio management, real-time analysis, and flexible digital lending to meet evolving market demands.

LOS ANGELES, April 27, 2025 /PRNewswire-PRWeb/ — Ov Finance has announced a major update to its financial technology platform, introducing a new suite of intelligent investment tools and digital lending features designed to support users in achieving smarter and more responsive financial decision-making. This upgrade reflects the company’s broader strategy of making modern finance more accessible, efficient, and tailored to the needs of a digital-native generation.

The enhanced platform includes advanced portfolio optimization features powered by machine learning, offering real-time insights and personalized recommendations based on market trends, individual risk tolerance, and investment goals. This upgrade enables users to make data-driven decisions and adjust their financial strategies with greater precision and flexibility.

“Modern investors are looking for tools that not only provide access to markets but also deliver insights and guidance tailored to their personal financial journey,” said a spokesperson for Ov Finance. “This update represents our commitment to offering a next-generation investment experience built on intelligent design and seamless functionality.”

In parallel, Ov Finance has also launched a fully integrated digital lending solution that enables users to access short- and medium-term financing with transparent terms and instant processing. The system is designed to remove traditional barriers such as paperwork delays and middlemen, streamlining the entire lending process into a user-first experience.

The new features also include an upgraded interface across web and mobile applications, making it easier for users to navigate, monitor performance, and take action. Key highlights include customizable dashboards, smart alerts for market movements, and automated rebalancing options to help users stay aligned with their financial targets.

Ov Finance’s platform expansion is guided by feedback from its growing global user base, as well as ongoing market analysis. The company aims to meet the needs of both individual users and institutional partners by providing a comprehensive suite of digital financial services that emphasize flexibility, security, and ease of use.

As part of its continuous improvement strategy, Ov Finance is investing in user education and financial literacy resources, including webinars, tutorials, and one-on-one advisory options. These efforts are designed to empower users with the knowledge needed to fully leverage the platform’s features and build long-term financial resilience.

With these enhancements, Ov Finance is reinforcing its role as a trusted partner for individuals and businesses seeking dynamic, user-focused financial solutions. The company plans to continue rolling out new features in the coming months, including automation tools for savings and personalized lending offers based on behavioral analytics.

As financial needs evolve, Ov Finance remains committed to helping users navigate complex economic environments with confidence, control, and clarity—through innovation, education, and a smarter approach to finance.

For more information, please visit Ov Finance.

Media Contact

Ethan Parker, Ov Finance, 1 317-979-6366, Service@ovfinance.com, https://www.ovfinance.com/

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SOURCE Ov Finance

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AutoShop Answers and Rilla Launch Groundbreaking AI Initiative — Changing the Automotive Industry Forever

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10 hours ago

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April 27, 2025

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HOUSTON, April 27, 2025 /PRNewswire/ — AutoShop Answers, a leader in automotive service training and innovation, has officially partnered with Rilla, the premier AI-powered speech analytics company, to launch a groundbreaking initiative that is set to redefine the future of the auto repair industry.

This historic collaboration integrates Rilla’s advanced AI virtual ride-along and conversation analytics technology into the AutoShop Answers coaching platform, delivering a game-changing experience in customer engagement, service advisor training, and operational excellence.

Sebastian Jimenez, CEO of Rilla and NYU Stern graduate, brings a unique background — combining business acumen with a fresh approach to coaching drawn from his early stand-up comedy experience — to revolutionize how businesses train, coach, and grow. Rilla’s AI captures and analyzes real-time customer interactions, delivering actionable coaching insights hands-free.

Todd Hayes, founder of AutoShop Answers and a 30-year veteran of the auto repair industry, emphasized the significance of the launch:

“With Rilla’s AI, we’re not just training — we’re transforming. This technology allows us to coach sales calls, audit scripts, and elevate customer service like never before.”

The partnership officially debuted at AutoShop Answers’ sold-out Key to Key to Callbacks Weekend in Houston, Texas — a record-breaking, standing-room-only event filled with innovation, coaching breakthroughs, and more than 80 bursts of applause from an energized national audience.

The weekend began with a national online Strategy Saturday, hosted live by AutoShop Answers’ Glenn Piccolo. Todd Hayes then took the stage to share defining moments from his career, culminating in the official launch of AutoShop Answers AIX, powered by Rilla. Sebastian Jimenez joined the stage to introduce Rilla’s revolutionary capabilities to the automotive sector — ushering in a new high watermark for AI-powered live coaching and customer journey analysis.

The excitement continued with a special visit from Sunil Patel, CEO of Tekmetric, celebrating Tekmetric’s incredible milestone of reaching 10,000 auto shops nationwide. Congratulations were extended to both Tekmetric and ShopGenie, two of AutoShop Answers’ valued program sponsors.

The event also celebrated individual achievements, with Lynn Massengill receiving special recognition for surpassing both the $300,000 and $400,000 monthly revenue marks through AutoShop Answers coaching — truly a testament to the impact of training, innovation, and commitment.

Today, AutoShop Answers continues its momentum with the unveiling of the SPARR system, an AI-automated presentation platform that further advances their mission to empower service advisors and drive world-class customer service.

Next AutoShop Answers Key to Key to Callbacks Program: May 17–18!

Seats are already filling fast.

Learn more and register at: www.autoshopanswers.com

For more information, visit:
rilla.com
autoshopanswers.com

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SOURCE Autoshop Answers

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Appotronics Debuts Full-Vehicle Optical System at Shanghai Auto Show

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10 hours ago

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April 27, 2025

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SHANGHAI, April 27, 2025 /PRNewswire/ — At Auto Shanghai 2025, Appotronics (688007.SH), the inventor of ALPD® laser display technology, unveiled its groundbreaking Lingjing Intelligent Automotive Optical System – a comprehensive solution enabling dynamic projections on any vehicle surface, both interior and exterior, including windshields, dashboards, seats, and windows. The system delivers high-luminance lighting and interactive displays, transforming vehicles into responsive ‘digital emotional spaces’ that adapt to occupants’ needs in real time.

The system spans seven key application scenarios, redefining in-vehicle functionality and user experience:

Artistic ambient lighting,Rear-seat entertainment with privacy-preserving large-screen projection,Dynamic pathway lighting that conveys mood and context,Boundary-free interactive displays on smart surfaces,Side window interfaces for human-vehicle interaction,ALL-in-ONE laser smart headlights combining illumination and display capabilities.

Yu Xin, Vice President of Appotronics, highlighted the company’s evolution in automotive innovation: “We’re moving beyond just supplying hardware to co-creating smart mobility experiences. By sharing our core technology platform, we’re collaborating with carmakers and developers to unlock new ways AI and optical tech can work together. Our goal is to turn cars from simple transport into ‘digital emotional spaces’—where every journey is tailored to its occupants, powered by AI and advanced laser tech.” This vision is already taking shape, with 13 active development orders underscoring Appotronics’ momentum in next-gen automotive optics.

Visitors can experience the technology firsthand at Hall 2.2H | Booth 2BA032 (National Exhibition and Convention Center, Shanghai) through May 2.

About Appotronics

Appotronics is the inventor of ALPD® laser display technology and one of the first companies to list on the Shanghai Stock Exchange STAR Market. From optics for cinemas, vehicles, and homes to AR glasses, Appotronics’ cutting-edge products are designed to meet the evolving needs of consumers and businesses worldwide.

Learn more at https://www.appotronics.com/

Media Contact 
Ma Chunli
machunli@appotronics.com

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SOURCE Appotronics Corporation Ltd.

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