$U Power (UCAR.US)$ SHANGHAI, Feb. 23, 2024 /PRNewswire/ -- ...
$U Power(UCAR.US$ SHANGHAI, Feb. 23, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it has entered into a Memorandum of Understanding (the "MOU") on February 6, 2024, with Durapower Holdings Pte Ltd. ("Durapower"), a Singapore-based lithium-ion battery manufacturer.
Pursuant to the MOU, U Power and Durapower intend to jointly explore several areas relating to battery swapping technology applications for electric vehicles and ships used for medium- and short-distance transportation, mining trucks used for ore transfer, and logistical vehicles used for urban cold chain distribution. U Power and Durapower also intend to cooperate to establish a "battery banking" business model based on intelligent battery swapping technology, and collaborate on marketing efforts to promote awareness of the technology in Singapore and elsewhere.
Pursuant to the MOU, U Power and Durapower intend to jointly explore several areas relating to battery swapping technology applications for electric vehicles and ships used for medium- and short-distance transportation, mining trucks used for ore transfer, and logistical vehicles used for urban cold chain distribution. U Power and Durapower also intend to cooperate to establish a "battery banking" business model based on intelligent battery swapping technology, and collaborate on marketing efforts to promote awareness of the technology in Singapore and elsewhere.
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slippery : what the fk is a memo of understanding ?
Trytosaveabit OP slippery : Basically they will be working to on a project!
Double_Bottom : nice little good news to save from the downtrend
Trytosaveabit OP Double_Bottom : Yup! Be nice if it would be enough to turn it in to a great uptrend? Hehehe. Time will tell? GL and big profits to ya![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Double_Bottom : this news shows ucar management care about their stock price. good to hold for a while.
Trytosaveabit OP Double_Bottom : Yeah! The big reason it’s so low is because after the big PI about 6+ months ago. Shorts have just been piling in and driving it down
J L 7 2 Trytosaveabit OP : What is GL
Trytosaveabit OP J L 7 2 : Sorry for the late reply! Fridays after 9AM est are really busy for me! I try to check in when I get a minute! Anyway GL = Good Luck![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
J L 7 2 Trytosaveabit OP : I wish you a smooth boarding trip