{"id":1888,"date":"2021-10-23T04:39:00","date_gmt":"2021-10-23T04:39:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3550037_CN50037_0"},"modified":"2021-10-23T04:39:00","modified_gmt":"2021-10-23T04:39:00","slug":"u-power-ties-up-with-bosch-to-collaborate-on-super-board-technology","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=1888","title":{"rendered":"U Power ties up with Bosch to collaborate on Super Board technology"},"content":{"rendered":"

SHANGHAI<\/span>, Oct. 23, 2021<\/span> \/PRNewswire\/ — U Power, a Chinese Smart EV technology startup, has recently entered into a strategic agreement with German multinational engineering and technology company Bosch, whereby the two companies will collaborate on intelligent vehicle board technology to support the development of U Power’s “UP Super Board.” At the same time, the startup has announced the completion of a Pre-A+ round of funding, led by Bosch’s market-oriented investment platform Boyuan Capital. This investment was the third round of financing received by U Power since its inception five months ago and Boyuan Capital’s first investment since being established.<\/p>\n

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U Power and Bosch cooperation signing ceremony<\/span><\/p>\n<\/p><\/div>\n

Bosch (China<\/span>) Investment Ltd. EVP Xu Daquan said: “Intelligent electric vehicle development has entered a critical period with platform-level technology guidance and innovation on track to become a new focus for development. One of the key items to come out as a result of these technological advances is the integrated vehicle board that can meet both hardware and software demands for modularization and intelligence, a feature that can greatly reduce production cost and R&D time. U Power is a partner with the right R&D and manufacturing strengths to produce such a component. We are looking forward to working with U Power on furthering integrated chassis technology and supporting the development of China’s<\/span> intelligent EV industry.”<\/p>\n

As the lead investor in U Power’s Pre-A+ funding round, Boyuan Capital managing partner and CEO Zhu Lin<\/span> said the value of traditional automotive supply chains has been changed with the arrival of intelligent automotive manufacturing. While many new players have entered the field, U Power has the right technology in place and therefore looks to be among the most promising. U Power’s proprietary UP Super Board is a breakthrough product that can greatly empower car manufacturing as the sector enters a new stage, greatly shorten the time needed for R&D, and meet the rapid launch and diversified market needs of intelligent EVs in different scenarios. With its many years in its role as a Tier 1 auto supplier and a complete vehicle manufacturer now deeply ingrained in its DNA, the U Power team will bring to the table a whole new approach to intelligent vehicle R&D and a highly imaginative business model for the automotive business chain, alongside its market-leading chassis products, to further reduce costs and increase efficiency. The two companies, as a result of the collaboration, will have a huge head start as the era of intelligent electric vehicle unfolds.<\/p>\n

U Power, with its vast experience in manufacturing vehicles under multiple real-life scenarios, will reinvent the entire vehicle development process by moving to a modularization approach whereby the chassis is divided from the body. By redefining the fundamental approach, technical norms and supply chain, U Power’s proprietary UP Super Board can be customized to meet different hardware standards and software platforms, increasing R&D and manufacturing productivity. The existence of the UP Super Board is expected to shorten R&D time to one year and reduce production costs by up to 60%.<\/p>\n

Today, China’s<\/span> intelligent EV industry is exposed to increasingly fierce competition between traditional vehicle makers, new car manufacturers and technology companies. Advances in vehicle modularization and intelligence have made possible the body-chassis-separated manufacturing model. Some international start-ups are already working in this area in collaboration with major automakers. In China<\/span>, the concept of the “super board” remains fresh. It is an open secret in the industry that more than 50% of the bill of materials (BOM) cost of intelligent EVs is concentrated in the power chassis, opening the door to  the creation of a new “species” like the super board. U Power founder Li Peng<\/span> said there are many companies from diverse backgrounds that are eager to enter the mobility space, but what holds them back are the high barriers. U Power looks forward to seeing the UP Super Board technology create a level playing field for all those that seek to enter.<\/p>\n

\"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/u-power-ties-up-with-bosch-to-collaborate-on-super-board-technology-301407033.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SHANGHAI, Oct. 23, 2021 \/PRNewswire\/ — U Power, a Chinese Smart EV technology startup, has recently entered into a strategic agreement with German multinational engineering and technology company Bosch, whereby the two companies will collaborate on intelligent vehicle board technology to support the development of U Power’s “UP Super Board.” At the same time, the startup […]<\/p>\n","protected":false},"author":8,"featured_media":1889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-1888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"\nU Power ties up with Bosch to collaborate on Super Board technology - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=1888\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U Power ties up with Bosch to collaborate on Super Board technology - My Blog\" \/>\n<meta property=\"og:description\" content=\"SHANGHAI, Oct. 23, 2021 \/PRNewswire\/ — U Power, a Chinese Smart EV technology startup, has recently entered into a strategic agreement with German multinational engineering and technology company Bosch, whereby the two companies will collaborate on intelligent vehicle board technology to support the development of U Power’s “UP Super Board.” At the same time, the startup […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/transmediavictoria.net.au\/?p=1888\" \/>\n<meta property=\"og:site_name\" content=\"My Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-23T04:39:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/transmediavictoria.net.au\/wp-content\/uploads\/2021\/10\/u-power-ties-up-with-bosch-to-collaborate-on-super-board-technology.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin_tony\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin_tony\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=1888#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=1888\"},\"author\":{\"name\":\"admin_tony\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\"},\"headline\":\"U Power ties up with Bosch to collaborate on Super Board technology\",\"datePublished\":\"2021-10-23T04:39:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=1888\"},\"wordCount\":696,\"image\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=1888#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/transmediavictoria.net.au\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/u-power-ties-up-with-bosch-to-collaborate-on-super-board-technology.jpg\",\"articleSection\":[\"Business News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=1888\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=1888\",\"name\":\"U Power ties up with Bosch to collaborate on Super Board technology - 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