U Power Limited (Nasdaq: UCAR), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems leveraging its proprietary UOTTATM EV battery-swapping technology, has announced a Strategic Partnership with IoTeX, a leading blockchain platform transforming machine-generated data into collective intelligence for AI. Under this agreement, IoTeX will purchase Real-World Assets (RWAs) issued by U Power and backed by corporate bonds, thereby enhancing U Power’s capital structure and supporting the expansion of its UOTTATM technology and Web 3.0 AI-powered energy and transportation solutions. Both companies will explore innovative tokenization methods for RWAs, integrating advanced AI to ensure secure and scalable asset growth. The partnership reflects a shared commitment to sustainability, technology innovation, and the application of blockchain-based DeFi to real-world infrastructure. Johnny Lee, CEO and Chairman of U Power, emphasized that this alliance aligns with U Power’s Web 3.0 initiative, advancing its battery-token and battery-bank operations by integrating smart battery-swapping stations with decentralized IoT for real-time tracking, safety, and performance optimization. HabitTrade, a global trading and infrastructure platform, will support the partnership as structuring and execution agent, ensuring a compliant and seamless token-equity integration.