Welcome to our dedicated page for U Power news (Ticker: UCAR), a resource for investors and traders seeking the latest updates and insights on U Power stock.
U Power Limited (UCAR) delivers innovative electric vehicle solutions through its proprietary battery swapping technology and vehicle sourcing network. This news hub provides stakeholders with essential updates on operational milestones, technological advancements, and market expansions shaping the EV infrastructure sector.
Access authoritative reporting on UCAR's strategic initiatives, from UOTTA technology enhancements to international partnership announcements. Our curated collection serves investors and industry professionals seeking to monitor:
• Financial disclosures: Earnings reports and capital allocation strategies
• Technology deployments: Battery swapping station rollouts and R&D breakthroughs
• Market expansions: Updates on Asian and European infrastructure projects
• Regulatory developments: Compliance achievements and industry certifications
Bookmark this resource for streamlined access to verified UCAR announcements. Check regularly for insights into how the company is addressing EV charging challenges through its modular battery solutions and AI-powered station management systems.
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.
U Power (NASDAQ:UCAR) has signed a Memorandum of Understanding (MOU) with Beijing Foton, a subsidiary of Foton Motor, to jointly promote battery-swapping compatible electric commercial vehicles in key international markets.
The collaboration focuses on Southeast Asia, South America, Hong Kong SAR, and Macau SAR markets. U Power will provide technological support for battery-swapping capabilities and develop testing stations, while Beijing Foton will share vehicle performance data. The partnership aims to expand U Power's OEM partner base and accelerate the establishment of its battery-swapping ecosystem.
U Power Limited (Nasdaq: UCAR), an EV battery-swapping solutions provider, has announced its entry into the Macau market through its first Electric Service Provider (ESP) agreement. The partnership aims to establish a comprehensive battery-swapping ecosystem in Macau.
Under the three-year agreement, the local ESP will manage the installation and maintenance of U Power's UOTTA smart battery-swapping stations and cabinets. Through collaboration with UNEX EV B.V., U Power will facilitate the sale and maintenance of compatible battery-swapping vehicles. The ESP partner projects sales of approximately 600 four-wheeled and 5,000 two-wheeled compatible battery-swapping vehicles to end users.
The company views this partnership as a strategic step in its global expansion plans, with intentions to replicate this ESP model in other regional markets including Hong Kong SAR and Singapore.
U Power Limited (NASDAQ:UCAR) announced its entry into Web 3.0 with the launch of its Battery-Bank initiative and development of a Battery-Token solution. The announcement was made by strategic investor Mr. Chatchaval Jiaravanon, a core member of the CP Group family, during the "Web 3.0 Battery Swap Ecosystem Strategy Launch" event in Hong Kong.
The company aims to transform EVs into dynamic energy assets using blockchain and token-based economics. U Power is expanding its sustainable energy storage ecosystem across multiple markets including Hong Kong SAR, Singapore, Macau SAR, Peru, Mexico, and Portugal, focusing on intelligent ecosystems that integrate AI and blockchain-driven solutions.
U Power (NASDAQ:UCAR) has unveiled its first smart battery-swapping station in Hong Kong's Kwai Chung area, marking a significant expansion in EV infrastructure. The company plans to install 55 smart battery-swapping stations across Hong Kong, targeting the transformation of 18,000 taxis into EVs.
The initiative introduces the innovative Battery-Token system, utilizing Web 3.0 blockchain technology to reward drivers with tradeable tokens for battery swaps. U Power is expanding its Energy Service Provider model beyond Hong Kong, with plans in Macau (600 vehicles, 6 stations) and Singapore (5,000 vehicles, 50 stations).
U Power Limited (NASDAQ: UCAR), a provider of EV battery-swapping solutions, has received the Beyond Impact Award at the 5th BEYOND International Technology Innovation Expo in Macau. The award recognizes U Power's contributions to environmental sustainability through its UOTTA™-based battery-swapping ecosystem. The company is expanding its operations, with successful implementations in mainland China and Thailand, and plans to launch Hong Kong's first taxi-focused battery-swapping station in June 2025. CEO Johnny Lee highlighted the company's two-fold strategy: expanding into regional markets through joint ventures while developing comprehensive EV solutions aimed at transforming EVs into smart energy grid assets.
U Power Limited (UCAR) has filed its 2024 annual report with the SEC, revealing significant financial developments. The company achieved 124% year-over-year revenue growth to RMB44.29 million (US$6.16 million). Despite improvements, the company continues to operate at a loss, though its net profit margin improved from -248% to -130%. The debt-to-asset ratio decreased from 19.7% to 16.7%.
During 2024, U Power established strategic partnerships in Thailand, Portugal, Hong Kong, Peru, and Mexico to expand its UOTTA™ battery-swapping platform globally. The company, which aims to become a comprehensive EV battery power solution provider in China, maintains its focus on achieving profitability and creating long-term shareholder value through international expansion and financial discipline.
U Power Limited (NASDAQ:UCAR) has delivered 21 battery-swapping-enabled MG EP vehicles to Auto Drive EV in Thailand through a partnership with Sumitomo Mitsui Auto Leasing. This marks Southeast Asia's first battery-swapping taxi fleet deployment in Phuket. The vehicles feature U Power's UOTTA technology, enabling 3-minute battery swaps for maximum operational efficiency.
The initiative aligns with Thailand's EV 3.5 Policy for nationwide charging/swapping network development by 2027. Auto Drive EV aims to deploy 2,000 electric taxis by 2025. USWAP is expanding its battery-swapping network across Thailand's urban centers and transportation routes, focusing on commercial applications including taxis, trucks, and logistics fleets.
U Power (NASDAQ:UCAR) and its joint venture ELMO have announced a groundbreaking initiative with ANTRAL to transform Portugal's taxi sector through battery-swapping technology. The project was unveiled at ANTRAL's 50th Anniversary & XVI Taxi Day in Lisbon from April 10-13, 2025.
The initiative includes the deployment of 150-200 battery-swapping electric vehicles specifically designed for taxi operators, supported by UOTTA rapid-swap stations that can complete battery exchanges within minutes. ELMO is in advanced talks with Galp, Portugal's leading energy provider, to integrate these stations into existing service locations.
The partnership aims to address downtime challenges in commercial fleets while promoting zero-emission transport. This collaboration between U Power's technical expertise and ANTRAL's market presence is positioned as a potential model for sustainable urban mobility worldwide.
FAQ
What is the current stock price of U Power (UCAR)?
What is the market cap of U Power (UCAR)?
