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

CoinVoice latest reported that, according to 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 process of real-world assets (RWA) on the Blockchain.

This cooperation will promote the on-chain registration, asset tokenization, and full lifecycle management of charging and battery swapping station facilities under UCAR, releasing 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 carry out in-depth business integration around transportation infrastructure, jointly creating an RWA tokenization operation mechanism with IOTX as the value core.