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U Power Limited develops, manufactures, and sells new energy vehicles and battery swapping stations in the People's Republic of China. It also offers battery swapping and sourcing services. The company was founded in 2013 and is based in Shanghai, the People's Republic of China.
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In a Form 6-K filed for April, U Power said it entered into subscription agreements on April 7 with seven purchasers to sell an aggregate 2.9 million Class A ordinary shares at $1.10 per share, for total gross proceeds of about $3.19 million.
U Power Limited jumped 58.69% after hours Tuesday after announcing a $3.19M Class A share sale to fund market expansion and battery-swapping solution deployment.
SHANGHAI, April 7, 2026 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-integrated solutions for next-generation energy grids and intelligent transportation systems, today announced that on April 7, 2026, it entered into subscription agreements (the "Subscription Agreements") with seven purchasers, for the sale of 2,900,000 Class A Ordinary Shares (each, a "Share" and collectively, the "Shares") of the Company at $1.10 per Share (the "Transaction"). Gross proceeds to the Company from this Transaction will be $3,190,000.
Hong Kong Taxi Battery-Swapping Operations Expected to Launch Soon SHANGHAI, April 2, 2026 /PRNewswire/ -- U POWER Limited, a provider of specialized solutions for next-generation energy networks and intelligent transportation systems, announced that, following its securing an order for 1,000 battery-swapping heavy-duty trucks in Thailand and completing production of the first batch of vehicles, its Hong Kong taxi battery-swapping project is also expected to complete station deployment and commence operations in the second quarter of 2026. This development marks a new stage of full commercial rollout for U POWER LIMITED's battery-swapping business for commercial vehicles across the Asian market.
SHANGHAI, March 20, 2026 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-integrated solutions for next-generation energy grids and intelligent transportation systems, today announced the closing of its underwritten public offering of 13,360,000 Units, on a firm commitment basis, at a price to the public of $0.449 per Unit (the "Offering"). Each Unit consists of one Class A ordinary share, par value $0.00001 per share (each, a "Class A Ordinary Share," and collectively, the "Class A Ordinary Shares"), and one Class A warrant (each, a "Warrant," and collectively, the "Warrants").
SHANGHAI, March 19, 2026 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-integrated solutions for next-generation energy grids and intelligent transportation systems, today announced the pricing of an underwritten public offering of 13,360,000 Units, on a firm commitment basis, at a price to the public of $0.449 per Unit. Each Unit consists of one Class A ordinary share, par value $0.00001 per share (each, a "Class A Ordinary Share," and collectively, the "Class A Ordinary Shares"), and one Class A warrant (each, a "Warrant," and collectively, the "Warrants").
Thailand Pilot Deployment to Provide Key Insights for Global Battery-Swapping Truck Commercialization BANGKOK, March 17, 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 that production of the first batch of 30 battery-swapping electric heavy-duty trucks designated for the Thailand market has been completed. Delivery of these vehicles to Thailand is scheduled for late May 2026, where they will enter pilot deployment as part of the Company's strategic rollout in this market and Southeast Asia.
BANGKOK, March 11, 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 that it has successfully completed comprehensive operational testing and full-stack integration of the battery-swapping system of heavy-duty truck prototype vehicles designed to be deployed in Thailand. This milestone marks a key step forward in U Power's collaboration with Whale Logistics (Thailand) Co., Ltd.
BANGKOK, Feb. 13, 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 that its management team will present at the OTC Markets AI & Technology Investor Conference on February 19, and host one-on-one meetings with investors from February 19-24, 2026. U Power's main presentation is scheduled for Thursday, February 19 at 11:00 am ET.
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.
Shares of U Power Limited (NASDAQ: UCAR - Get Free Report) dropped 3.2% during mid-day trading on Wednesday. The company traded as low as $1.49 and last traded at $1.50. Approximately 8,923 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 15,303 shares. The stock had previously closed
Expects to Sign Sales Agreements for Up To 1,000 Electric Truck Tractors, With Initial Delivery Scheduled for April 2026 SHANGHAI, Dec. 29, 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 wholly-owned subsidiary, U SWAP Company Limited, has entered a strategic partnership agreement with Whale Logistics (Thailand) Co., Ltd. ("Whale Logistics"), to promote the deployment of commercial battery-swapping electric trucks in Thailand.
U Power (NASDAQ: UCAR - Get Free Report) and Oshkosh (NYSE: OSK - Get Free Report) are both auto/tires/trucks companies, but which is the better business? We will contrast the two companies based on the strength of their analyst recommendations, institutional ownership, earnings, dividends, risk, valuation and profitability. Earnings and Valuation This table compares U Power and
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.
