(3)
Let’s break this down…
🚗 Southeast Asia’s EV Growth Is Exploding (3)
EV demand is surging. In 2024:
- Thailand saw EVs hit ~13% of new vehicle sales
- Indonesia tripled EV sales vs the prior
year
- Singapore is already over 40% EV market share for new vehicles
But all of that demand is stressing the grid — and the geography. You can’t build thousands of fast chargers into tight, high-traffic cities without massive disruption.
Battery swapping bypasses the problem entirely.
⏱️ Swap in 5 minutes or less
🔌 No charging delay, no idle time
🚚 Built for fleets,
taxis, delivery, ride-hail
🌍 Lower cost per vehicle over time
UCAR’s UOTTA™ platform was purpose-built for this. And now it’s live.
📍Real Deployments, Real Revenue, Real Global Rollout
Most companies in the EV space are pitching concepts. UCAR is executing.
Here’s what’s already happened — not future plans, but documented
milestones:
🇹🇭 Thailand: 1,000 Locations Accessed via SUSCO JV (4)
In March 2025, UCAR signed a joint venture with SUSCO, one of Thailand’s largest fuel station operators. That deal provides:
- Access to 1,000+ high-traffic fueling locations
- Built-in power and customer volume
- Speed of deployment via retrofitting
instead of ground-up construction
Thailand’s government is all-in on electrification. This deal puts UCAR in prime position to serve that transition at scale.
🇸🇬 Singapore: 5,000 EV Rollout with UNEX EV (8)
In July 2025, UCAR signed a three-year agreement with UNEX EV in Singapore. It includes:
- Deployment of 5,000 EVs with swap
capability
- Retrofit of 300 MG EP taxis already underway
- Expansion of UCAR’s energy logistics and AI control systems
Singapore isn’t waiting. By 2030, it plans to ban internal combustion engine sales. With a government-backed plan for 60,000 charging points — and limited land — swapping makes more sense than ever.
🇭🇰 Hong Kong: 55 Stations and 300-Vehicle LOI (10)
UCAR opened its first AI-powered station in Kwai Chung mid-2025. Since then:
- It signed an LOI for 300 swappable EVs
- A deposit has already been paid
- The city approved 55 more stations for rollout
Hong Kong has among the highest vehicle density in Asia. Every inch of uptime matters. Charging isn’t a viable long-term solution. Swapping is.
🔋
Control the Battery, Control the Ecosystem (4)
UCAR isn’t just placing stations — it’s building a vertically integrated system.
On July 9, 2025, UCAR signed a major MOU with NV Gotion, a joint venture between battery giant Gotion High-Tech and Thailand’s PTT Group.
That partnership unlocks:
- A reliable
supply of swappable EV batteries
- Battery-bank deployments for storage revenue
- Development of vehicle-to-grid (V2G) capabilities — allowing UCAR to sell power back to the grid and help stabilize renewables
This opens entirely new revenue streams.
