U Power Limited Stock Price, News & Analysis

U Power (NASDAQ:UCAR) announced that its strategic partner UNEX EV has signed a Letter of Intent with Didi Mobility to deploy UOTTA™ battery-swapping vehicles in Mexico's ride-hailing and car rental markets.

The partnership aims to promote UNEX EV's UOTTA™ battery-swapping vehicles to Didi's fleet drivers in Mexico, including vehicle sales, spare parts, and maintenance services. The Mexico ride-hailing market reached $2.2 billion in 2024 and is projected to grow at a 13.2% CAGR to reach $7.5 billion by 2033.

The initiative aligns with Mexico's green transportation goals, where EVs are expected to represent 30-40% of new ride-hailing vehicle purchases by 2027. The collaboration includes battery recycling initiatives and potential expansion into additional markets.

U Power (NASDAQ:UCAR) has signed a strategic MOU with Chia Tai and ICBC Thai to develop and promote battery-swapping-compatible agricultural drones in Thailand. The partnership aims to modernize Thailand's farming sector through smart, tech-driven solutions.

Under the agreement, U Power will provide customized battery modules and technical support, Chia Tai will supply and maintain agricultural drones, while ICBC Thai will offer financial leasing solutions. The collaboration includes plans for joint ventures and pilot programs to validate operations.

The initiative targets Thailand's agricultural sector, which represents 8-10% of national GDP. The Thailand agriculture robot market, valued at $207.35 million in 2024, is projected to reach $1.3 billion by 2032, with a CAGR of 30.4%. The broader APAC agriculture drone market is expected to reach $49 billion by 2034.

U Power Limited (Nasdaq: UCAR) has signed a Letter of Intent with a Hong Kong-based dashcam manufacturer for the purchase of 300 MGEP swappable-battery compatible EVs. The client has already submitted the initial deposit, with final terms subject to a definitive sales agreement.

The vehicles will operate using U Power's recently launched smart battery-swapping station in Hong Kong. Drivers will earn redeemable tokens for each battery swap, which can be exchanged for electricity tariff credits. This follows U Power's successful deployment of Hong Kong's first smart battery-swapping station in June 2025.

U Power (NASDAQ:UCAR) has signed a Memorandum of Understanding with Shandong Hi-Speed New Energy Group (HKEX:1250) and BOCOM International (HKEX:3329) to establish an EV battery-swapping ecosystem in Hong Kong. The partnership aims to build and operate 50 smart battery-swapping stations across Hong Kong's core taxi operating areas.

Under the agreement, SHNE will invest in station construction, BOCOM will provide financing solutions, and U Power will deliver technical and operational support. The company has also introduced Battery-Token, a Web 3.0 blockchain-based solution. The partnership plans to explore similar cooperation models in Thailand and Portugal.

U Power Limited (Nasdaq: UCAR), an EV battery-swapping solutions provider, has announced a $1.4 million registered direct offering of 551,628 Class A ordinary shares at $2.50 per share to a single institutional investor. The deal includes warrants to purchase an additional 551,628 shares in a concurrent private placement.

The warrants are immediately exercisable at $2.50 per share and expire in five years. The offering, managed by Maxim Group LLC as sole placement agent, is expected to close around July 25, 2025. The shares are being offered through a shelf registration statement on Form F-3, while the warrants are issued under a private placement.

U Power (NASDAQ:UCAR) has announced a strategic partnership with IoTeX to enhance its Web 3.0 AI-powered energy and transportation solutions. The partnership involves IoTeX purchasing Real-World Assets (RWAs) backed by U Power's corporate bonds.

The collaboration aims to explore tokenization of RWAs using AI technologies and will support U Power's battery-token and battery-bank operations. The partnership integrates U Power's UOTTA™ battery-swapping technology with decentralized IoT infrastructure for real-time asset tracking, safety monitoring, and performance optimization.

HabitTrade, a global multi-asset trading platform, will serve as the structuring and execution agent for the token-equity integration.

U Power (NASDAQ:UCAR) has launched Southeast Asia's first operational AI-integrated battery-swapping station in Phuket, Thailand, marking a significant expansion of its global energy infrastructure network. The station, developed through a joint venture with SUSCO Public Company Limited, serves electric taxis and ride-hailing fleets with 24/7 operation capability.

The weather-resistant facility features zero-carbon battery-swapping technology and integrates with U Power's Battery-bank system, offering battery-tokens as incentives for EV drivers. This launch follows the company's May 2025 delivery of Southeast Asia's first battery-swapping compatible taxi fleet.

U Power is expanding globally through strategic partnerships, including agreements with Beijing Foton for electric heavy vehicles, plans for 5,000 swappable EVs in Singapore, and projects in Macau, Hong Kong, Europe, and South America, implementing its "Vehicle-Station-Cloud-Token" framework.

U Power (NASDAQ:UCAR) has signed a strategic Memorandum of Understanding (MOU) with NV Gotion to develop and deploy swapping-enabled EV batteries and battery-bank solutions in Thailand and Southeast Asia. The partnership will focus on developing battery modules for various vehicle types, from two-wheelers to heavy-duty trucks.

This agreement adds to U Power's expanding ecosystem in Thailand, which includes partnerships with Pattaya AI Terminal for battery-swapping stations, SUSCO for fueling station locations, and agreements with SAIC, EZZY Transporter, Sumitomo Mitsui, and Auto Drive EV for compatible EVs. The collaboration aims to establish comprehensive battery-bank operations, including battery leasing and vehicle-to-grid (V2G) solutions.

U Power Limited (Nasdaq: UCAR), an EV battery-swapping solutions provider, has signed its second Electric Service Provider (ESP) agreement to enter the Singapore market. This follows their first ESP agreement in Macau signed in June 2025.

The agreement involves deploying UOTTA smart battery-swapping stations and facilitating compatible EV sales in Singapore. The local ESP partner will handle sales, installation, and maintenance of the stations, along with vehicle sales and after-sales service. The partner plans to purchase and sell approximately 5,000 compatible battery-swapping vehicles over three years and retrofit 300 existing MG EP taxis for battery-swapping compatibility.