Workflow
U Power (UCAR)
icon
Search documents
U Power Limited Announces Follow-on Purchase Order of Battery Swapping Station by Major Taxi Operator in Jilin, China
Prnewswire· 2024-06-03 10:00
SHANGHAI, June 3, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced a follow-on purchase order from a major taxi operator in Jilin, China.The follow-on order is for the purchase of U Power's advanced dual-mode intelligent battery swapping stations, which feature separate robotic guided vehicles (RGVs) for battery removal and inst ...
U Power Announces Filing of 2023 Annual Report with the SEC
prnewswire.com· 2024-05-16 11:00
SHANGHAI, May 16, 2024  /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announces that on May 15, 2024, the Company filed its 2023 annual report (20-F) with the U.S. Securities and Exchange Commission (the "SEC").2023 Financial HighlightsTotal net revenues increased by 153.5% year over year to RMB19.8 million (US$2.8 million) in 2023.Gross ma ...
U Power (UCAR) - 2023 Q4 - Annual Report
2024-05-15 20:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...
U Power Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement
Prnewswire· 2024-04-24 10:00
SHANGHAI, April 24, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), dated April 19, 2024, informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the "Rule") for continued listing on the Nasda ...
Why Is U Power (UCAR) Stock Up 69% Today?
InvestorPlace· 2024-04-08 12:19
Group 1 - U Power (NASDAQ:UCAR) is set to launch its commercial battery swap service in Wuhu, Anhui Province, China, targeting approximately 800 customers through 60 service points [1] - The CEO of U Power, Jia Li, highlighted that vehicles using battery-swapping have significantly higher average daily mileage compared to those using traditional charging, indicating improved efficiency for customers [1] - Following the announcement, UCAR stock experienced a significant increase of 69.2% as of Monday morning, with trading volume exceeding 4.7 million shares, far above the daily average of about 315,000 shares [2] Group 2 - The launch of the battery swap service has generated excitement among investors, contributing to the notable rise in stock price and trading activity [2]
U Power To Launch Commercial Operation for its EV Battery Swapping System
Prnewswire· 2024-04-08 10:00
SHANGHAI, April 8, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that its battery-swapping and sharing model for two-wheeled and light four-wheeled electric vehicles (EVs) is poised for a formal commercial rollout in Wuhu, Anhui Province, China. The rollout, which is expected to take place during April 2024, follows a successful round ...
U Power Limited Announces 1-for-100 Share Consolidation
Prnewswire· 2024-03-29 08:00
SHANGHAI , March 29, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that the Company held an extraordinary general meeting of shareholders on Monday, March 25, 2024, at which the shareholders approved the proposal for a 1-for-100 reverse share split of the Company's ordinary shares (the "Share Consolidation"). No fractional shares will ...
U Power Limited Enters into a Memorandum of Understanding with Durapower Holdings Pte Ltd.
Prnewswire· 2024-02-23 10:00
SHANGHAI, Feb. 23, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it has entered into a Memorandum of Understanding (the "MOU") on February 6, 2024, with Durapower Holdings Pte Ltd. ("Durapower"), a Singapore-based lithium-ion battery manufacturer. Pursuant to the MOU, U Power and Durapower intend to jointly explore several areas ...
U Power Limited Receives Nasdaq Delisting Notification and Intends to Appeal
Prnewswire· 2024-02-20 21:30
Core Viewpoint - U Power Limited has received a delisting notification from Nasdaq due to its ordinary shares closing at $0.10 or less for ten consecutive trading days, which violates the Low Priced Stocks Rule [1][2] Group 1: Delisting Notification - The Company was notified on February 14, 2024, about the determination to delist its ordinary shares from Nasdaq due to a closing bid price of $0.10 or less [1] - The Company also fails to meet the Minimum Bid Price Rule, which requires a closing bid price of $1.00 or higher, and received a notice regarding this on January 19, 2024 [2] Group 2: Appeal Process - The Company plans to appeal Nasdaq's determination to a Hearings Panel on February 21, 2024, which will stay the suspension of its ordinary shares pending the Panel's decision [2] Group 3: Compliance Measures - The Company intends to monitor the closing bid price of its ordinary shares and may consider options such as a reverse share split to regain compliance with Nasdaq Listing Rules [3] Group 4: Company Overview - U Power Limited is a vehicle sourcing services provider aiming to become a comprehensive EV battery power solution provider in China, focusing on its proprietary battery-swapping technology [4] - The Company has established a vehicle sourcing network in China's lower-tier cities and operates a manufacturing factory in Zibo City, Shandong Province [4]
U Power Announces Market Validation Phase of Shared Battery Swapping Solution for Two- and Four-wheeled EVs
Prnewswire· 2024-02-12 09:00
SHANGHAI, Feb. 12, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that their shared battery swapping solution designed for both two- and lightweight four-wheeled electric vehicles ("EVs") has entered the market validation phase. The first batch of over 40 battery swapping stations offering battery swapping services for both two- and li ...