Bank of America (UCAR) holds 1.33M Class A shares, 6.3% stake

Rhea-AI Filing Summary

Bank of America Corporation filed a Schedule 13G reporting 1,328,553 Class A Ordinary Shares of U Power Ltd, representing 6.3% of the class. The filing states the ownership is held with shared voting and dispositive power and was signed by an authorized signatory on 05/14/2026.

The filing notes the CUSIP G9520U124, a reverse stock split effective 04/01/2026, and that the beneficial ownership calculation relies on 20,963,440 shares outstanding as reported in the issuer's prospectus dated 03/20/2026 with share totals as of 06/30/2025.

Insights

Equity Securities Analyst

13G shows institutional passive holding of 6.3% via shared powers.

Bank of America reports 1,328,553 shares with 6.3% beneficial ownership, noting shared voting and dispositive power. The filing is a passive-investor disclosure rather than an active acquisition statement.

Key dependencies include the issuer's disclosed 20,963,440 outstanding-share base as of 06/30/2025; the reverse split on 04/01/2026 affects CUSIP mapping and the filing uses a pre-split calculation.

Compliance & SEC Filings Specialist

Filing aligns with passive Schedule 13G reporting norms and lists a subsidiary arrangement.

The statement identifies filings on behalf of Bank of America and its subsidiary BofA Securities, Inc., and classifies ownership as shared powers. The signature date is 05/14/2026, consistent with timely disclosure requirements for beneficial holders.

Document qualifiers preserved: the ownership percent is tied to the prospectus share count dated 03/20/2026; the reverse split qualifier appears verbatim in the filing.

Key Figures

Beneficially owned shares: 1,328,553 shares Percent of class: 6.3% Shares outstanding used for calculation: 20,963,440 shares +2 more

5 metrics

Beneficially owned shares 1,328,553 shares Amount reported in Item 4(a)

Percent of class 6.3% Percent reported in Item 4(b)

Shares outstanding used for calculation 20,963,440 shares Prospectus cited <date>03/20/2026</date> reporting totals as of <date>06/30/2025</date>

Filing signature date 05/14/2026 Signature date at end of filing

Reverse stock split effective date 04/01/2026 Reverse split cited in filing comments

Key Terms

beneficially owned, shared dispositive power, reverse stock split, CUSIP International Numbering System (CINS)

4 terms

beneficially owned financial

"Amount beneficially owned: 1,328,553.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared dispositive power regulatory

"Shared Dispositive Power 1,328,553.00"

reverse stock split market

"reverse stock split implemented on April 1, 2026"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

CUSIP International Numbering System (CINS) technical

"The security CUSIP corresponds to U Power Limited's Class A common stock CUSIP International Numbering System (CINS)"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

U Power Ltd

(Name of Issuer)

Class A Ordinary Shares

(Title of Class of Securities)

G9520U124

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G9520U124

1

Names of Reporting Persons

BANK OF AMERICA CORP /DE/

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,328,553.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,328,553.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,328,553.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.3 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: 1. The security CUSIP corresponds to U Power Limited's Class A common stock CUSIP International Numbering System (CINS) after the reverse stock split implemented on April 1, 2026. Beneficial ownership calculation is presented on a pre-split basis. 2. The beneficial ownership calculation relies on the 20,963,440 outstanding shares disclosed in the Prospectus by the issuer on March 20, 2026, which reports share totals as of June 30, 2025

SCHEDULE 13G

Item 1.
(a)	Name of issuer: U Power Ltd
(b)	Address of issuer's principal executive offices: 2F, ZUOAN 88 A, LUJIAZUI, SHANGHAI, CHINA, 0086-21-68.
Item 2.
(a)	Name of person filing: BANK OF AMERICA CORP /DE/
(b)	Address or principal business office or, if none, residence: 100 N TRYON ST CHARLOTTE, NC 28255
(c)	Citizenship: Delaware
(d)	Title of class of securities: Class A Ordinary Shares
(e)	CUSIP Number(s): G9520U124
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,328,553.00
(b)	Percent of class: 6.3%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 1,328,553.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 1,328,553.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. This statement on Schedule 13G is being filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiary BofA Securities, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o).
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF AMERICA CORP /DE/

Signature:	/s/ Monica Yako
Name/Title:	Authorized Signatory
Date:	05/14/2026

FAQ

What does Bank of America’s 13G filing for UCAR report?

It reports Bank of America beneficially owns 1,328,553 Class A shares, representing 6.3% of the class. The filing lists shared voting and dispositive power and is signed on 05/14/2026.

How was the 6.3% ownership percentage calculated in the filing?

The percentage is calculated using 20,963,440 shares outstanding as reported in the issuer’s prospectus dated 03/20/2026, which cites share totals as of 06/30/2025.

Does the filing indicate who within Bank of America holds the shares?

The filing states the schedule is filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiary BofA Securities, Inc., per the exhibit language in Item 7.

What effect does the reverse stock split note have on the filing?

The filing notes a reverse stock split effective 04/01/2026 and states the CUSIP maps post-split; the beneficial ownership calculation is presented on a pre-split basis per the filing comment.