U Power (UCAR)

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U Power Announces Pricing of $1.4 Million Registered Direct Offering
Prnewswire· 2025-07-24 17:30
SHANGHAI, July 24, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of comprehensive electric vehicle ("EV") battery-swapping solutions on track of becoming a smart energy grid solutions provider, today announced that it has entered into a securities purchase agreement with a single institutional investor (the "Investor") to sell 551,628 Class A ordinary shares (or pre-funded warrants in lieu thereof) of the Company's in a registered direct offering. In a concurre ...
一家中国小型初创公司希望引领全球电动出租车革命
财富FORTUNE· 2025-07-24 12:56
最近的一个早晨,在香港繁忙的货运码头附近的一个工业区,一辆白色名爵(MG)电动出租车缓缓驶 入了一个类似洗车房的狭窄换电柜。液压升降装置将车辆托起,引导式机械系统随即滑出出租车耗尽的 电池,并换上充满电的新电池。整个过程无需插电,也无需坐等充电。不到三分钟,出租车即可重新上 路。这是优品车(U Power)在香港投放的首个换电柜。这家鲜为人知的初创公司来自上海,计划在香 港建设数百个换电柜,致力于让以老旧过时闻名的香港出租车车队的核心系统实现电动化。 香港的出租车车队素以老旧过时而著称。优品车希望其电池更换技术能帮助香港守旧的出租车司机接受电动车。图片 来源:Peter Parks—AFP via Getty Images 这个市场存在巨大的商机。在香港包括出租车、公交车和货运车在内的11.9万辆商用车中,电动车仅占 4%。而在出租车中,电动车的比例甚至更低。截至2024年12月,香港仅有90辆电动出租车,占该市 18,163辆持牌出租车的0.5%。这与香港私家车中24%的电动车普及率形成了鲜明对比。 香港的现象在全球具有代表性:在全球超过4亿辆商用车中,电动汽车的比例不足1%。即使在旧金山、 奥斯陆和阿姆斯 ...
U Power Announces Strategic Partnership with IoTeX to Accelerate Expansion of Web 3.0 AI-Powered Energy and Transportation System Solutions
Prnewswire· 2025-07-23 12:00
IoTex to Purchase U Power-Issued Real-World Assets (RWAs) Backed by Corporate BondsSHANGHAI, July 23, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-powered solutions for next-generation energy grids and intelligent transportation systems, building on its proprietary UOTTATM electric vehicle (EV) battery-swapping technology, today announced the signing of a Memorandum of Understanding and Business Cooperation Agreement (the "Strategic Partnership") with Io ...
U Power Inaugurates Southeast Asia's First Operational AI-Integrated Battery-Swapping Station
Prnewswire· 2025-07-21 12:00
Core Insights - U Power Limited has inaugurated Southeast Asia's first operational smart battery-swapping station in Phuket, Thailand, marking a significant milestone in the company's expansion and its joint venture with SUSCO Public Company Limited [1][2][5] - The Thailand Station is designed to support electric taxis and ride-hailing fleets, integrating AI-powered battery-swapping solutions and providing a zero-carbon energy model [4][5] - The company aims to create a comprehensive battery-swapping ecosystem that connects electric vehicles with advanced energy infrastructure, facilitating the transition to a more sustainable transportation model [6][9] Company Developments - The Thailand Station follows the delivery of Southeast Asia's first battery-swapping compatible taxi fleet in May 2025, establishing a scalable business model for the region [2][3] - U Power's strategic framework includes the deployment of smart swapping stations across various regions, with recent agreements to promote battery-swapping compatible electric heavy trucks and buses in Southeast Asia and South America [7] - The company plans to launch 5,000 swappable EVs and corresponding UOTTA™ stations in Singapore, while also facilitating the deployment of battery-swapping stations in Macau [7] Technological Innovations - The Thailand Station supports battery swaps within minutes and is compatible with multiple vehicle types, including future autonomous vehicles, showcasing the integration of next-generation AI technologies [4][5] - U Power's AI-driven solutions are designed to optimize energy replenishment efficiency and support autonomous EV driving, contributing to a more efficient energy grid [9] - The company is building a data-driven energy infrastructure network that enables seamless integration between mobility energy and digital energy trading [6]
U Power Signs an MOU with NV Gotion to Supply Swapping-Enabled EV Batteries and Develop Battery-Bank Solutions for Thailand and the Broader ASEAN Markets
Prnewswire· 2025-07-09 12:00
Core Viewpoint - U Power Limited has signed a Memorandum of Understanding (MOU) with NV Gotion Co., LTD to develop battery-swapping solutions and battery-bank operations for electric vehicles (EVs) in Thailand and Southeast Asia [1][2][4]. Company Overview - U Power Limited specializes in electric vehicle battery-swapping solutions and is transitioning towards becoming a smart energy grid solutions provider [1][7]. - The company utilizes its proprietary modular battery-swapping technology, UOTTA™, to manufacture and sell various models of battery-swapping stations and provides battery-swapping services [6]. Strategic Partnership - The MOU establishes a strategic partnership between U Power and NV Gotion to develop battery modules and packs for a range of EVs, including two- and three-wheelers, pickup trucks, vans, light-duty trucks, and heavy-duty trucks [2]. - The partnership aims to create a battery-swapping infrastructure in Thailand and develop comprehensive battery-bank operations, including battery leasing and vehicle-to-grid (V2G) solutions [2][4]. Market Positioning - U Power has previously signed several MOUs and joint ventures to create a network of battery-swapping stations strategically located at fueling stations across Thailand [3]. - The company is focused on addressing the growing demand for reliable EV battery supplies in Southeast Asia, leveraging NV Gotion's vertically integrated battery manufacturing capabilities [4][5]. Future Outlook - U Power is investing in next-generation technologies to build intelligent ecosystems that integrate AI-driven solutions, transforming EVs into dynamic energy assets [7].
U Power Announces Signing of MOU with Beijing Foton to Jointly Promote Battery-Swapping Compatible Electric Heavy Trucks, Buses, and Vans
Prnewswire· 2025-07-02 12:00
Core Insights - U Power Limited has signed a Memorandum of Understanding (MOU) with Beijing Foton International Trade Co., Ltd. to promote battery-swapping compatible electric heavy trucks, buses, and vans in Southeast Asia, South America, Hong Kong SAR, and Macau SAR markets [1][2] - The partnership aims to enhance U Power's OEM partner base and accelerate the establishment of a comprehensive battery-swapping ecosystem [3] Company Overview - U Power is a provider of electric vehicle (EV) battery-swapping solutions, utilizing its proprietary modular battery-swapping technology, UOTTA™ [5] - The company is focused on becoming a smart energy grid solutions provider by investing in next-generation technologies and building intelligent ecosystems [6] Beijing Foton Overview - Beijing Foton is a leading commercial vehicle manufacturer in China, responsible for the export of Foton Motor's automotive products, having exported 153,000 new energy vehicles in 2024 [4] - The company has made significant R&D investments in core EV technologies and aims to strengthen its global presence through partnerships like the one with U Power [4]
U Power Enters Macau Market; Signs of Its First Electric Service Provider ("ESP") Agreement in Macau
Prnewswire· 2025-06-30 12:00
Core Insights - U Power Limited has signed its first agreement with an Electric Service Provider (ESP) in Macau to deploy UOTTA battery-swapping stations and sell compatible electric vehicles [1][4] - The ESP will handle the installation and maintenance of the battery-swapping stations and cabinets, while U Power will collaborate with the ESP to facilitate sales and after-sale maintenance of battery-swapping vehicles [2][3] - Over the next three years, the ESP partner anticipates purchasing approximately 600 four-wheeled and 5,000 two-wheeled battery-swapping vehicles [3] Company Overview - U Power is a provider of electric vehicle (EV) battery-swapping solutions, utilizing its proprietary UOTTA technology [5] - The company manufactures and sells various models of UOTTA battery-swapping stations and offers battery-swapping services for vehicle drivers [5][6] - U Power aims to become a comprehensive solutions provider for smart energy grids, investing in next-generation technologies to create intelligent ecosystems [6]
U Power Announces Official Entry into Web 3.0, Ushering in the Next Era of Battery Swapping Solutions
Prnewswire· 2025-06-25 12:00
Core Insights - U Power Limited has launched its Battery-Bank initiative and Battery-Token solution, leveraging Web 3.0 blockchain and token-based economics to transform electric vehicles (EVs) into dynamic energy assets [1][2][3] Company Overview - U Power is a provider of comprehensive EV battery-swapping solutions, utilizing its proprietary modular battery-swapping technology, UOTTA™ [4] - The company manufactures and sells various models of UOTTA battery-swapping stations and offers battery-swapping services for vehicle drivers [4] Strategic Vision - U Power aims to become a comprehensive solutions provider for smart energy grids by investing in next-generation technologies and building intelligent ecosystems that integrate resilient AI-driven solutions [5] - The company is focused on creating a sustainable carbon-zero energy storage ecosystem across multiple markets, including Hong Kong SAR, Singapore, Macau SAR, Peru, Mexico, and Portugal [3]
U Power Announces Plan to Install 55 Smart Battery-Swapping Stations in Hong Kong Aiming to Create a Zero-Carbon EV Charging Ecosystem
Prnewswire· 2025-06-24 12:00
Core Insights - U Power Limited has inaugurated Hong Kong's first smart battery-swapping station, which is a zero-carbon facility connected to a Battery-Bank, showcasing its commitment to sustainable energy solutions [1] - The company plans to construct a total of 55 smart battery-swapping stations in Hong Kong to support the electrification of the taxi fleet and promote sustainable urban transportation [2][3] - U Power is introducing Battery-Token, a blockchain-based solution that incentivizes users to participate in carbon reduction activities by earning tokens with each battery swap [6] Company Overview - U Power is a provider of electric vehicle (EV) battery-swapping solutions, utilizing its proprietary UOTTA™ technology to manufacture and sell various models of battery-swapping stations [5] - The company aims to become a comprehensive solutions provider for smart energy grids, focusing on intelligent battery swapping, green EV operations, and carbon reduction activities [6] Strategic Partnerships and Expansion - U Power is establishing Memorandums of Understanding (MOUs) with partners in Hong Kong, Macau, and Singapore to expand its battery-swapping ecosystem, with plans to sell and service a significant number of battery-swapping vehicles and operate multiple stations in these regions [3][4] - The company is collaborating with the Hong Kong Taxi Drivers & Operators Association to promote the electrification of taxis and the adoption of battery swapping, ensuring safety and performance [6]
U Power Provides Business Update and Outlines Key Objectives for 2025 and Beyond
Prnewswire· 2025-06-10 12:00
Core Viewpoint - U Power Limited aims to become a smart energy grid solutions provider by leveraging its UOTTA battery-swapping technology and expanding its business through strategic partnerships and innovative solutions [1][11]. Recent Business Developments - The company reported a total revenue of $6.2 million for the full year 2024, marking a 124% increase compared to 2023, and sold 12 battery-swapping stations during the same period [2]. - U Power has established partnerships in Thailand, Portugal, Hong Kong, Peru, and Mexico to promote UOTTA battery-swapping services and is collaborating with major EV manufacturers in these regions [3]. - The company holds 46 issued patents and has 18 pending patent applications, enhancing its technological capabilities [4]. Growth Strategy for 2025 and Beyond - U Power's strategy focuses on two main pillars: leveraging existing battery-swapping technology to build a UOTTA-centered ecosystem and investing in next-generation technologies to develop comprehensive solutions for EV manufacturers and drivers [5][6]. - Plans include incorporating UOTTA into more EVs, accelerating international rollout through partnerships, and investing in technology innovation, including an AI-based data management cloud platform [8]. - The introduction of "Battery Bank" solutions and "Commercial Energy Storage" solutions aims to enhance battery lifecycle performance and support energy storage needs [9]. Company Overview - U Power Limited is a provider of electric vehicle battery-swapping solutions using its proprietary UOTTA technology, which includes manufacturing and selling various models of battery-swapping stations and providing related services [10].