U Power Ltd

UCAR

Market cap $9.59M

-   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.

Exploring Similar   Cooperation Models for Other Regions Including Thailand and Portugal SHANGHAI , July 30, 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 that it has signed a Memorandum of Understanding ("MOU") with Shandong Hi-Speed New Energy Group Limited (HKEX: 1250) ("SHNE"), a company that engages in development, construction and management of photovoltaic power, wind power, and clean heat supply services, and BOCOM International (HKEX:3329) ("BOCOM"), an investment holding company that provides securities brokerage, investment loans, asset management and advisory services, to jointly establish a commercial EV battery-swapping ecosystem in Hong Kong. The parties plan to gradually explore similar cooperation models beyond Hong Kong SAR, including Thailand and Portugal.

SHANGHAI , July 24, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of comprehensive electric vehicle ("EV") battery-swapping solutions on track of becoming a smart energy grid solutions provider, today announced that it has entered into a securities purchase agreement with a single institutional investor (the "Investor") to sell 551,628 Class A ordinary shares (or pre-funded warrants in lieu thereof) of the Company's in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the Investor warrants to purchase up to 551,628 Class A ordinary shares.

IoTex to Purchase U Power-Issued Real-World Assets (RWAs) Backed by Corporate Bonds SHANGHAI , July 23, 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 the signing of a Memorandum of Understanding and Business Cooperation Agreement (the "Strategic Partnership") with IoTeX, a pioneering blockchain platform focused on transforming machine-generated data into collective intelligence for AI. As per the terms of the Strategic Partnership, IoTex will purchase Real-World Assets (RWAs), issued by U Power and backed by corporate bonds.

Building a Global Data-Driven Energy Ecosystem Via Partnerships Aiming to Create a Smarter, Greener, and More Efficient Energy Future SHANGHAI , July 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 the inauguration of Southeast Asia's first operational smart battery-swapping station (the "Thailand Station"), located in Phuket Island, Thailand. The commencement of operations at the Thailand Station follows U Power's May 2025 delivery of Southeast Asia's first battery-swapping compatible taxi fleet.