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U Power Limited (NASDAQ:UCAR) Partners with Sumitomo Mitsui to Deliver Southeast Asia’s First Battery-Swapping Taxi Fleet in Phuket

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PHUKET, Thailand, May 5, 2025 /PRNewswire/ — U Power Limited (Nasdaq: UCAR), a global leader in a global leader in green smart energy grid innovation, announced that its Thai subsidiary, USWAP Co., Ltd., has successfully delivered 21 battery-swapping-enabled MG EP vehicles to Auto Drive EV Public Company Limited, a leading mobility service provider in Thailand, through a strategic partnership with Sumitomo Mitsui Auto Leasing & Service (Thailand) Co., Ltd. The vehicles will be deployed to enhance sustainable taxi operations across the island of Phuket, a world-renowned tourist destination. This landmark transaction marks the deployment of Southeast Asia’s first fleet of battery-swapping taxis, setting a new benchmark for sustainable transportation in the region.

Pioneering Battery-Swapping Green Mobility in Southeast Asia

The vehicles are equipped with U Power’s proprietary UOTTA fully automated battery-swapping technology, showcased at the 2025 Bangkok International Motor Show. This system enables a full battery replacement in just 3 minutes, ensuring minimal downtime for taxis, maximizing operational efficiency, and uninterrupted service for passengers. The deployment aligns with Thailand’s EV 3.5 Policy, which aims to subsidize EV adoption and establish a nationwide charging/swapping network by 2027.

A Model for Sustainable Tourism

Phuket, a hub for international tourism, faces growing demand for efficient and environmentally responsible transportation. The deployment of battery-swapping fleet will not only improve air quality but also position the island as a leader in adopting smart EV solutions. The battery-swapping infrastructure, supported by U Power’s network, ensures operational efficiency and cost-effectiveness for Auto Drive’s taxi operators.

Leadership Insights

Johnny Lee, CEO of U Power Limited: “This delivery is not just a milestone for USWAP but a leap forward for Southeast Asia’s EV transition. By partnering with Sumitomo Mitsui Auto Leasing and Auto Drive, we are proving that battery-swapping technology can revolutionize urban mobility while aligning with Thailand’s carbon neutrality goals.” 

Representative of Sumitomo Mitsui Auto Leasing & Service (Thailand): “Our financing model bridges the gap between cutting-edge technology and market accessibility. This project exemplifies how financial innovation can drive sustainable development in the EV sector.”

Dr. Akaranun Ariyasripong, Chairman of Auto Drive EV Public Company Limited, revealed, “The integration of U Power’s vehicles into Auto Drive’s fleet reinforces our commitment to delivering up to 2,000 electric taxis within 2025 and reducing carbon emissions in key tourist cities. The partnership includes comprehensive support for battery-swapping infrastructure, operational management, and financial services.”

Market Impact and Future Plans

This initiative establishes Thailand as a leading hub for EV innovation in ASEAN. USWAP is expanding its battery-swapping network across key urban centers and major transportation routes, with a focus on commercial applications including taxis, trucks, and logistics fleets. As Thailand’s EV market continues its rapid growth, U Power’s technology provides solutions to critical energy replenishment and grid stability challenges.

About U Power Limited

U Power Limited (Nasdaq: UCAR) is a vehicle sourcing services provider with a vision to become an EV market player primarily focused on its proprietary battery-swapping technology, UOTTA technology. UOTTA is an intelligent modular battery-swapping solution designed to provide comprehensive battery power solutions for EVs. Since its inception in 2013, U Power has established a vehicle sourcing network in China’s lower-tier cities, developed multi-types of battery-swapping stations for compatible EVs, and operates a manufacturing facility in Zibo City, Shandong Province, China.

For more information, please visit: https://www.upower-limited.com/ 

About SMAT

Sumitomo Mitsui Auto Leasing & Service (Thailand) Co., Ltd. (SMAT) is a leading provider of corporate vehicle leasing and fleet management solutions in Thailand. Established in 2003 as a subsidiary of Japan’s Sumitomo Mitsui Auto Service Co., Ltd., SMAT has over two decades of experience in supporting businesses with comprehensive mobility services and currently manages a fleet of over 10,000 vehicles nationwide.

About Auto Drive

Auto Drive EV Public Company Limited is a pioneering Thai company specializing in electric vehicle (EV) solutions aimed at promoting sustainable transportation and reducing air pollution. In collaboration with Grab Thailand, Auto Drive EV launched the “Electric Taxi Rental Project,” aiming to deploy up to 2,000 electric taxis by 2025 in key tourist cities across Thailand.

Forward-Looking Statements

This press release contains “forward-looking statements.” Forward-looking statements reflect the company’s current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the company’s current expectations and projections about future events that the company believes may affect its financial condition, results of operations, business strategy, and financial needs.

Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law.

Although the company believes the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will turn out to be correct, and the company cautions investors that actual results may differ materially from the anticipated results. Investors are encouraged to review other factors that may affect future results in the company’s registration statement and other filings with the U.S. Securities and Exchange Commission (SEC).

For more information, please visit: https://www.upower-limited.com/

Media Contact: xing.wang@upincar.com

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SOURCE U Power Limited

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HUYA Inc. to Report Second Quarter 2026 Financial Results on Tuesday, August 11, 2026

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-Earnings Webinar Scheduled for 6:00 a.m. ET on August 11, 2026-

GUANGZHOU, China, July 21, 2026 /PRNewswire/ — HUYA Inc. (“Huya” or the “Company”) (NYSE: HUYA), a leading game-related entertainment and services provider, today announced that it will report its second quarter 2026 unaudited financial results on Tuesday, August 11, 2026, before the open of U.S. markets.

The Company’s management will host a Tencent Meeting Webinar at 6:00 a.m. U.S. Eastern Time on August 11, 2026 (6:00 p.m. Beijing/Hong Kong time on August 11, 2026), to review and discuss the Company’s business and financial performance.

For participants who wish to join the webinar, please complete the online registration in advance using the links provided below. Upon registration, participants will receive an email with webinar access information, including meeting ID, meeting link, dial-in numbers, and a unique attendee ID to join the webinar.

Participant Online Registration

A live webcast of the webinar will be accessible at https://ir.huya.com, and a replay of the webcast will be available following the session.

[1] For the purpose of this announcement only, Chinese Mainland excludes the Hong Kong Special Administrative Region, the Macao Special Administrative Region of the People’s Republic of China, and Taiwan.

About HUYA Inc.

HUYA Inc. is a leading game-related entertainment and services provider. Huya delivers dynamic live streaming and video content and a rich array of services spanning games, e-sports, and other interactive entertainment genres to a large, highly engaged community of game enthusiasts. Huya has cultivated a robust entertainment ecosystem powered by AI and other advanced technologies, serving users and partners across the gaming universe, including game companies, e-sports tournament organizers, broadcasters and talent agencies. Leveraging this strong foundation, Huya has also expanded into innovative game-related services, such as game distribution, in-game item sales, advertising and more. Huya continues to extend its footprint in China and abroad, meeting the evolving needs of gamers, content creators, and industry partners worldwide.

For more information, please visit: https://ir.huya.com.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

View original content:https://www.prnewswire.com/news-releases/huya-inc-to-report-second-quarter-2026-financial-results-on-tuesday-august-11-2026-302830290.html

SOURCE HUYA Inc.

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Hyperscale Data Bitcoin Treasury Reaches 1,087 Bitcoin Worth Approximately $70.3 Million

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LAS VEGAS, July 21, 2026 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (“AI”) data center company anchored by Bitcoin (“Hyperscale Data” or the “Company”), today announced that, as of July 19, 2026, it held 1,087.4527 Bitcoin representing an aggregate value of approximately $70.3 million based on the Bitcoin closing price of $64,691 on July 19, 2026.

In aggregate, the Company’s wholly owned subsidiaries, Sentinum, Inc. (“Sentinum”) and Ault Capital Group, Inc. (“ACG”), held 1,087.4527 Bitcoin as of July 19, 2026. During the week ended July 19, 2026, ACG purchased approximately 51.5000 Bitcoin in the open market. Based on the Bitcoin closing price of $64,691 on July 19, 2026, these collective holdings had an approximate market value of $70.3 million.

“We now hold more than $70 million in Bitcoin,” stated Milton “Todd” Ault III, Executive Chairman of Hyperscale Data. “The market remains completely disconnected from what we are building through our Michigan data center, our Bitcoin treasury, and our broader portfolio of operating businesses. Separate from the more than 1,087 Bitcoin we currently hold on our balance sheet, the market places zero value on the cash or the value of the other assets on our balance sheet. We will continue executing, growing our assets and highlighting the widening gap between the Company’s market capitalization and its underlying value.”

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a hybrid private equity firm and operating company that acquires, finances, builds and actively manages businesses across financial services, digital assets, industrial services, hospitality, defense technologies and other sectors.

Hyperscale Data currently expects the divestiture of ACG (the “Divestiture”) to occur in the second quarter of 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

 

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SOURCE Hyperscale Data Inc.

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ZELLERFELD GIVES FOOTWEAR ITS SPOTIFY MOMENT

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Music had Spotify. Video had YouTube. Zellerfeld has launched footwear’s biggest update, and the digitalization of footwear never felt so good.

AUSTIN, Texas, July 21, 2026
/PRNewswire/ — After years of bringing global brands and thousands of creators into its printed footwear revolution, Zellerfeld is rolling out its biggest platform update yet. The new Zellerfeld brings the marketplace, the product and the process into one beautifully connected experience, making printed footwear feel like it has finally caught up to the rest of the digital world. Browsing, discovering and experiencing printed shoes has never felt this good.

That experience is powered by personalized discovery, smarter search and live rankings for creators and products, rising with real demand instead of fading after a single launch moment. For the first time, footwear becomes digitally searchable, rankable and alive.

ZellerFIT is becoming the platform’s beating heart. The system lets users create a Fit Profile from a foot scan and personalisation choices. Once created, that Fit Profile can be carried across Zellerfeld products, creators and future shoes. Fit stops being a size guessed at checkout. It becomes personal, saved and portable, something that belongs to the user and moves with every shoe they print.

Powering the platform is Zellerfeld’s full-stack 3D-printed footwear infrastructure. Across Austin, Texas, and Hamburg, Germany, Zellerfeld now operates the largest and most advanced footwear creation facilities in the world, with thousands of printing units turning digital designs into physical shoes without moulds, stitching or assembly. At the push of a button, digital design, personal fit and physical production connect in one system.

“We always said we wanted to digitize footwear in the same way music and video were digitized, and the last years were spent building the fulfillment infrastructure to make that possible,” said Cornelius Schmitt, CEO and Co-Founder of Zellerfeld. “We never had time to give our users or creators the platform they deserved. Now we finally have. The new Zellerfeld looks so beautiful I can’t stop looking at it. I can’t wait to see what product category we digitize after footwear. Handbags? Glasses? I’m sure we’ll take one step at a time.”

The new platform also teases Zellerfeld subscription access. Major brands have tried to make footwear membership work, but most could only add perks on top of the same old retail model with limited designs. Zellerfeld makes footwear subscription work at scale: one platform, four pairs a year, a growing universe of designs, the same personal fit across every product and shoes printed on demand.

“Why would you go into a shoe store with 100 designs that all look the same and don’t really fit,” said Cornelius Schmitt, CEO and Co-Founder of Zellerfeld, “when you could come to Zellerfeld for millions of beautiful designs from creators around the world, all made to fit you?”

For the best part of a decade, Zellerfeld has been building the technology behind printed footwear, proving the category through breakthrough products and collaborators across sport, fashion, design and culture. Its work has shown that shoes can be digitally designed, personally fitted and produced on demand at the push of a button, without the constraints of conventional footwear manufacturing.

The products proved the future was possible. The platform makes it real. Zellerfeld is changing how footwear is created, sold and distributed, bringing the category into its next generation. Music had Spotify. Video had YouTube. Now footwear has Zellerfeld.

Explore and experience the next-generation at zellerfeld.com

About Zellerfeld
Zellerfeld is a technology company on a mission to digitize physical products, starting with footwear. Its full-stack platform connects digital product creation, custom fit and distributed 3D-printed production, turning shoes from digital files into physical products without moulds, stitching, glue or traditional assembly. Zellerfeld has proven the model across sport, fashion, design and culture: products designed digitally, fitted personally and made on demand. The company operates the world’s most advanced 3D-printing production facilities across Austin, Texas, and Hamburg, Germany.

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SOURCE Zellerfeld

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