U Power Forms Majority JV for Hydrogen Energy in Thailand Data Centers by Q3 2026
U Power will hold a majority stake in a joint venture with Guofuhee and Cloud Digital to provide hydrogen energy services for Thailand data centers, with capital due July 31, 2026 and operations starting within 90 days. The move diversifies U Power’s AI-driven energy offerings and lowers dependence on battery-swapping.
1. Joint Venture Formation
U Power secures a majority stake in a joint venture with Guofuhee and Cloud Digital to target hydrogen energy solutions for intelligent data centers. The JV will establish subsidiaries in Hong Kong SAR by July 31, 2026, and launch operations within 90 days of incorporation.
2. Strategic Diversification and Market Expansion
By entering hydrogen energy for IDCs, U Power extends beyond battery-swapping into AI-managed energy infrastructure, addressing growing demand in Thailand’s digital economy. The partnership leverages Guofuhee’s hydrogen equipment leadership and Cloud Digital’s data center power expertise to create scalable, low-carbon energy systems.
3. Operational Timeline and Future Outlook
Initial capital contributions are scheduled before the end of July, with full operations anticipated by Q4 2026. The replicable JV model positions U Power to expand into other regions, including the Middle East and Europe, supporting long-term growth in the clean energy sector.