U Power incorporates IOTX into its financial reserves to jointly build a DePIN + RWA on-chain economic system

According to ChainCatcher news and PR Newswire, electric vehicle infrastructure company U Power Limited (NASDAQ: UCAR) announced a strategic partnership with IoTeX. As an open ecosystem platform driven by DePIN and AI, both parties will work together to expand the DePIN infrastructure network and advance the tokenization of real-world assets (RWA) on the blockchain.

This collaboration will promote the on-chain registration, asset tokenization, and full lifecycle management of UCAR's charging and battery swapping station facilities, unlocking the liquidity and programmability of infrastructure assets, marking the first large-scale implementation of DePIN and AI-driven blockchain technology in the physical energy network.

Both parties also plan to incorporate IOTX into UCAR's long-term asset reserve system and will engage in deep business integration around mobility infrastructure, jointly creating an RWA tokenization operation mechanism centered on IOTX as the core value.