U Power Limited
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Company Description
- CEO
- Jia Li
- Full Time Employees
- 86
- Sector
- Consumer Cyclical
- Industry
- Auto - Dealerships
- Address
- Science and Technology Industrial Park Wuhu AN People's Republic of China 241003
- IPO Date
- Apr 20, 2023
- CIK
- 0001939780
- Website
- upincar.com
- Similar Companies
- Business
- U Power Limited (UCAR) develops and sells lithium-ion battery solutions and related technologies for electric vehicles, energy storage, and industrial applications. The company offers its UpBattery brand, which includes integrated battery packs, battery management systems (BMS), battery swapping stations, and power-as-a-service platforms; its Hairun brand focuses on stationary energy storage systems and modular battery solutions; and additional services such as battery recycling, vehicle-to-grid (V2G) integration, and smart charging infrastructure. U Power operates primarily in China with expanding presence in Southeast Asia and Europe, targeting fleet operators, commercial vehicle manufacturers, and renewable energy providers in the electric mobility and clean energy sectors. Founded in 2018 and headquartered in Shanghai, China, the company maintains strategic partnerships with leading OEMs like Foton Motor and Yutong Bus for battery swapping deployments. In the past two years, U Power completed a Nasdaq listing via SPAC merger in 2022 followed by a ticker change to UCAR; launched its next-generation 360kW high-power battery swapping stations in 2024; secured a $20 million funding round led by existing investors in early 2025 to accelerate international expansion; and formed a strategic alliance with a major European energy firm for V2G pilot projects in Germany.
Company News
U Power Limited Announces US$16 Million Private Placement Subscribed by Existing Shareholders
U Power Hydro Data Joint Venture Receives "Data Center Power & Energy Solution" Recognition at DIF Awards 2026 in Thailand
U Power Hydro Data Joint Venture Secures Thailand Data Center Energy Project 3MW Pilot for Planned 100MW Deployment
U Power (UCAR) Stock Is Trending Overnight — Here's Why It Spiked Over 27% In After-Hours Session
U Power Reports Financial Results for Full Year of 2025
U Power Limited Announces Private Placement of $25.7 Million
U Power Stock Surges 135% After Private Placement Deal
U Power Ltd (UCAR) Shares Jump 59% After Hours: Here's What You Should Know
U Power Limited Signs $3.19 Million Subscription Agreements with Strategic Investors
U POWER LIMITED Makes Major Breakthrough in Thailand's Heavy-Duty Truck Battery-Swapping Market
U Power Limited Announces Closing of $6.0 Million Public Offering
U Power Limited Announces Pricing of $6.0 Million Public Offering
U POWER Announces Completion of Production of 30 Battery-Swapping Electric Heavy Trucks For Thailand; Pilot Shipment Scheduled for Late May 2026 as Part of 1,000-Vehicle Plan
U POWER's Electric Heavy Trucks Pass Comprehensive Operational Testing and Full-Stack Integration of Battery-Swapping System; 1,000 Units Set for Thailand Rollout
U Power to Present at OTC Markets AI & Technology Investor Conference on February 19
U Power Launches Its First Tokenized Real-World Asset on BNB Chain to Accelerate AI-Driven EV Energy Infrastructure Expansion
U Power (NASDAQ:UCAR) Shares Down 3.2% – Here’s What Happened
U Power Signs Strategic Partnership with Whale Logistics Group for the Purchase and Deployment of Battery-swapping Electric Truck Tractors in Thailand
Oshkosh (NYSE:OSK) versus U Power (NASDAQ:UCAR) Financial Review
U Power and FTT Holding to Establish a Joint Venture to Accelerate Expansion in Southern Europe