U Power Ltd

UCAR

Market cap $7.16M

BANGKOK, Jan. 26, 2026 /PRNewswire/ --  U Power Limited (Nasdaq: UCAR) ("U Power" or the "Company"), a provider of AI-integrated solutions for next-generation energy grids and intelligent transportation systems, today announced the successful launch of its regulatory compliant tokenized real-world assets ("RWA") on the BNB Chain, in collaboration with infrastructure platform PicWe. The RWA issuance marks an important milestone in U Power's efforts to explore compliant blockchain-based frameworks that enable real-world energy assets to be represented digitally.

FTT Holding to Commit Up To $50 Million into the Joint Venture SHANGHAI , Dec. 16, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems and, building on its proprietary UOTTATM electric vehicle (EV) battery-swapping technology, today announced the signing of a Letter of Intent ("LOI") with FTT Holding Company LLC ("FTT Holding"), a US-based technology focused investment firm, for the establishment of a strategic Joint Venture ("JV") aimed at accelerating the Company's expansion in Southern Europe.  Under the terms of the LOI, FTT Holding plans to invest up to $50 million into the JV, once established.

Advancing Battery-Swapping Solutions in Major International Markets  SHANGHAI , Dec. 9, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems and, building on its proprietary UOTTATM electric vehicle (EV) battery-swapping technology, today issues a CEO's letter to shareholders. Dear U Power shareholders, We are excited to issue our first shareholder letter, to recap our 2025 year-end key business updates in major international markets, and to share the progress toward our mission of revolutionizing the electric vehicle (EV) ecosystem through scalable, efficient, and sustainable battery-swapping technologies.

U Power Expects Additional Orders for Up to 2,000 Electric Vans and Compatible Battery-Swapping Stations In the Future SHANGHAI , Oct. 21, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, building on its proprietary UOTTATM electric vehicle (EV) battery-swapping technology, today announced that it has signed an initial sales agreement with Polestar Energy S.L. ("Polestar Energy"), a Spanish company specialized in sustainable and innovative energy solutions, for the purchase and deployment of twenty UOTTA™ battery-swapping Geely Farizon-UNEX electric vans and a supporting semi-autonomous three-slot smart battery-swapping station, valued at €540,000, for the Southern European market.

-   H1 2025 Net Revenues Increased 34.4% to RMB17.7 million -   H1 2025 Gross Profit Increased 551.5% to RMB8.4 million -   Cash and Cash Equivalents of RMB22.7 million as of June 30, 2025 Positioned to Take Advantage of Increasing Demand for Green and Sustainable Transportation Solutions   SHANGHAI , Oct. 13, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, building on its proprietary UOTTATM electric vehicle (EV) battery-swapping technology, today announced its interim unaudited financial results for the six-month period ended June 30, 2025 ("H1 2025").[1]  Johnny Lee, CEO and Chairman of U Power commented on the H1 2025 results, "Our first-half 2025 financial performance reflects strategic progress and operational execution, marked by a 34.4% year-over-year increase in revenues and improvement in gross profit.

Accelerating Treep Mobility's Transformation from Fuel-Powered Vehicles to EVs Following Successful Pilot Deployment SHANGHAI , Sept. 22, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, building on its proprietary UOTTATM electric vehicle (EV) battery-swapping technology, today announced that it has signed an initial sales agreement with Treep Mobility Group S.A.C.

Addressing the Demand for Green and Sustainable Transportation Solutions in the Logistics Industry SHANGHAI , Aug. 18, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, building on its proprietary UOTTATM electric vehicle (EV) battery-swapping technology, today announced that it has signed a Memorandum of Understanding ("MOU") with SAIC HONGYAN Automotive Co., Ltd ("SAIC Hongyan"), a company focused on the development, manufacture, sales and services of heavy trucks, and UNEX EV B.V. ("UNEX EV"), a new energy and technology company, to cooperate on the deployment of battery-swapping compatible electric heavy trucks initially in Thailand and explore similar expansion opportunities in additional markets.

Accelerating the Green Transformation of Mexico's Transportation Industry SHANGHAI , Aug. 11, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, building on its proprietary UOTTATM electric vehicle (EV) battery-swapping technology, today announced that its strategic energy and technology partner, UNEX EV B.V. ("UNEX EV"), has signed a Letter of Intent (the "LOI") with DiDi Mobility Information Technology, Pte.

Accelerating the Digitalization and Smart Transformation of Thailand's Farming Sector SHANGHAI , Aug. 6, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, building on its proprietary UOTTATM electric vehicle (EV) battery-swapping technology, today announced that it has signed a Memorandum of Understanding ("MOU") with Chia Tai Co., Ltd. ("Chia Tai"), Thailand's leading innovative agricultural company and the founding seed business of the Charoen Pokphand Group (CP Group), and ICBC (Thai) Leasing Co., Ltd.

SHANGHAI , Aug. 4, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, building on its proprietary UOTTA™ electric vehicle (EV) battery-swapping technology, today announced the signing of a Letter of Intent (the "LOI") with a Hong Kong-based designer and manufacturer of vehicle dashcams (the "client') to deploy battery-swapping compatible vehicles in the market. As per the terms of the LOI, the client will purchase 300 MGEP swappable-battery compatible EVs.