U Power Limited Stock Price, News & Analysis

U Power (Nasdaq: UCAR) announced a strategic partnership with Whale Logistics Group to deploy battery-swapping electric truck tractors in Thailand, supporting Whale Logistics' "Green Logistics" strategy.

The companies report an order for 1,000 battery-swapping EVs with the first batch of 30 units planned for delivery in April 2026, which will commence U Power's commercial operations in Thailand and serve as a model for broader Southeast Asia expansion.

U Power (Nasdaq: UCAR) signed a Letter of Intent with FTT Holding to form a joint venture to accelerate U Power's expansion in Southern Europe. FTT Holding plans to commit up to $50 million to the JV. Separately, U Power entered a Share Subscription Agreement for a private placement of up to $10 million of Class A ordinary shares, to be issued at a significant premium to the current trading price and subject to a 39-month lock-up. The Agreement is expected to be finalized in January 2026 and remains subject to customary closing conditions. Additional JV and subscription details will be disclosed later.

U Power (Nasdaq: UCAR) signed an initial sales agreement with Treep Mobility to supply 50 two- and three-wheeled UNEX vehicles, 8 battery-swapping cabinets, and a corresponding number of compatible batteries for taxi operations in Peru.

The initial order is valued at $113,000 and follows a successful pilot deployment in January 2025. Treep expects to cut energy replenishment costs by about 30–40% versus fuel vehicles. The parties agreed to gradually expand procurement and deployment across Peru, a market with over 100,000 registered moto taxis and a stated motorcycle market size of $324 million.

U Power (Nasdaq: UCAR) issued a year-end CEO letter summarizing 2025 progress and international expansion of its UOTTA battery-swapping technology. Key operational achievements include expanded deployments across Asia, South America and Southern Europe, pilot stations in Hong Kong and Thailand, and an initial sales agreement in Peru for two- and three-wheeled taxi vehicles.

Financially, U Power reported a 34.4% year-over-year increase in net revenues in H1 2025 and an improvement in gross profit. The company highlighted product improvements (faster swaps, broader compatibility, cloud monitoring) and set goals such as installing 50 battery-swapping stations in Hong Kong over the next few years while planning further market expansion in 2026.

U Power (Nasdaq: UCAR) signed an initial sales agreement with Polestar Energy on Oct 21, 2025 to deliver twenty UOTTA™ battery-swapping Geely Farizon-UNEX electric vans and a three-slot smart battery-swapping station for €540,000 for deployment initially in Italy.

The order is U Power's first-ever European van and station sale; the parties say they may expand the collaboration to as many as 2,000 additional vans and proportionate stations across Spain, Portugal and Albania. U Power also cited prior momentum from a Sept 2025 order in Peru for fifty battery-swapping two/three-wheeled vehicles and related equipment.

U Power (Nasdaq: UCAR) reported unaudited H1 2025 results for the six months ended June 30, 2025. Net revenues rose 34.4% YoY to RMB17.7 million ($2.5M), led by sales of battery-swapping stations (RMB13.9M, 78.4% of revenues) and higher sourcing and swapping services. Gross profit jumped 551.5% to RMB8.4M and gross margin improved to 47.3%. Total operating expenses fell 6.6% to RMB25.9M. U Power reported a net loss of RMB27.4M (basic/diluted loss per share RMB5.8) and held RMB22.7M cash at June 30, 2025. Working capital increased to RMB77.3M and total shareholders' equity rose to RMB302.9M. The company highlighted international deployments and commercial milestones in Hong Kong, Thailand, Macau, Singapore, Portugal, Mexico and Peru.

U Power (NASDAQ:UCAR), a provider of AI-powered EV battery-swapping solutions, has announced a strategic partnership with IoTeX to launch tokenized Real-World Assets (RWAs). The partnership focuses on creating a next-generation EV battery swapping system combining blockchain, AI, and tokenized RWAs.

The company has completed its RWAs issuance, backed by its battery swapping business assets in China and Southeast Asia. These assets have been approved for trading on HabitTrade. U Power has also finished developing its foundational Web3.0 infrastructure and plans to introduce new investment opportunities in the capital markets while expanding its UOTTA™ technology solutions.

U Power (NASDAQ:UCAR) has signed an initial sales agreement with Treep Mobility, a leading Moto Taxi operator in Peru, following a successful pilot deployment in January 2025. The deal includes the purchase of 50 two- and three-wheeled vehicles, 8 battery-swapping cabinets, and corresponding compatible batteries, valued at $113,000.

The agreement leverages U Power's proprietary UOTTA™ technology for EV battery-swapping, which includes AI-powered monitoring and centralized cabinet network connectivity. Treep Mobility expects to reduce energy replenishment costs by 30-40% compared to traditional fuel vehicles. The partnership targets Peru's moto taxi market, which comprises over 100,000 registered vehicles within a $324 million total motorcycle market growing at a ~3% CAGR.

U Power (NASDAQ:UCAR) has announced a strategic partnership with SAIC Hongyan and UNEX EV to deploy battery-swapping compatible electric heavy trucks in Thailand. The collaboration aims to implement 3,000 electric heavy-duty tractors for long-haul transportation and 1,200 electric heavy-duty port-specific trucks in Thailand.

Under the MOU, U Power will develop and manufacture battery-swapping stations and provide operational services, while UNEX EV will adapt SAIC Hongyan trucks for battery swapping compatibility and handle sales in Thailand. SAIC Hongyan will supply truck prototypes and technical support. The partnership may expand to Southeast Asia, Latin America, Europe, Hong Kong SAR, and Macau SAR.

This initiative builds on U Power's recent achievements, including launching Southeast Asia's first operational smart battery-swapping station in Phuket and delivering swappable electric vehicles for taxi services.