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 reports developments in AI-integrated energy-grid solutions, intelligent transportation systems, and battery-swapping technology for commercial vehicles. News commonly covers UOTTA battery-swapping deployments, electric heavy-duty truck projects, station operations in Asian markets, and partnerships tied to next-generation energy infrastructure.
Company updates also include financing activity, share and warrant structures, shareholder voting matters, and governance actions. Recurring announcements connect U Power’s commercial-vehicle electrification work with market expansion in Thailand, Hong Kong, and broader Southeast Asia.
U Power (Nasdaq: UCAR) priced an underwritten public offering of 13,360,000 Units at $0.449 per Unit, producing gross proceeds of approximately $6.0 million. Each Unit includes one Class A ordinary share and one one‑year Warrant exercisable at $0.449.
The Warrants are immediately exercisable, include adjustment mechanics on the 2nd and 5th trading days post‑closing, and permit a zero exercise price option that yields twice the shares on exercise. The underwriter has a 45‑day option to purchase up to 2,004,000 additional shares and/or warrants. Closing expected on or about March 20, 2026; Maxim Group is exclusive underwriter.
U Power (Nasdaq: UCAR) completed production of 30 battery-swapping heavy trucks for Thailand, with a pilot shipment scheduled for late May 2026. Production followed operational testing and full-stack battery-swapping integration in early March 2026.
The pilot is part of a plan to deploy up to 1,000 trucks over three years with partner Whale Logistics, using SAIC Hongyan/UNEX EV manufactured vehicles and U Power's intelligent battery-swapping systems to reduce charging downtime and support regional commercialization.
U Power (Nasdaq: UCAR) completed three months of full-condition road testing and full-stack integration of a battery-swapping system for heavy-duty truck prototypes and met design specifications. The company and partner Whale Logistics plan production and delivery of the first batch and aim to deploy 1,000 trucks in Thailand, with initial tractors targeted for delivery by May 2026. The UOTTA battery-swapping solution is designed to enable minute-scale swaps, reduce charging infrastructure needs, and position the project for mass production and regional expansion.
U Power (Nasdaq: UCAR) will present at the OTC Markets AI & Technology Investor Conference on February 19, 2026, with the main presentation scheduled for 11:00 am ET.
Management will host virtual one-on-one investor meetings during February 19–20 and February 23–24, 2026. Investors can access the live presentation via the virtual investor conference and request meetings through the event registration link.
U Power (Nasdaq: UCAR) launched its first regulatory-compliant tokenized real-world assets (RWA) on BNB Chain on Jan 26, 2026, in collaboration with infrastructure platform PicWe to digitize energy assets tied to its battery-swapping business.
The program initially targets Southern Europe where U Power is deploying AI-driven battery swapping and UOTTA™ modular stations that already generate revenue across China and Southeast Asia. The company also announced a strategic joint venture with FTT Holding Company LLC, which intends to commit up to $50 million to support Southern Europe deployment.
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.