U Power Limited Stock Price, News & Analysis

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 (UCAR) provided a business update and strategic roadmap for 2025 and beyond, focusing on expanding its UOTTA battery-swapping technology and smart energy grid solutions. The company reported strong growth in 2024 with revenue of $6.2 million, up 124% year-over-year, delivering 12 battery-swapping stations. U Power has established global partnerships in Thailand, Portugal, Hong Kong, Peru, and Mexico, while strengthening its intellectual property with 46 issued patents and 18 pending applications. The company's two-fold growth strategy involves expanding its UOTTA ecosystem internationally and investing in next-generation technologies, including an AI-based data management cloud platform, Battery Bank solutions, and Commercial Energy Storage offerings. The strategic transformation aims to position U Power as a comprehensive smart energy grid solutions provider.

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.