Binance News
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U Power and IoTeX Form Strategic Partnership to Enhance Blockchain Infrastructure
According to Foresight News, U Power Limited, a company specializing in electric vehicle infrastructure, has announced a strategic partnership with IoTeX. IoTeX is recognized as an open ecosystem platform driven by DePIN and AI. The collaboration aims to expand the DePIN infrastructure network and advance the tokenization of real-world assets (RWA) on the blockchain.This partnership will enable U Power's charging and battery swapping facilities to achieve on-chain registration, asset tokenization, and full lifecycle management. This development is expected to enhance 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.Additionally, the two companies plan to incorporate IOTX into U Power's long-term asset reserve system. They will focus on deep business integration around mobility infrastructure, aiming to create an RWA tokenization operation mechanism centered on IOTX.
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