U Power and FTT Holding to Establish a Joint Venture to Accelerate Expansion in Southern Europe

FTT Holding to Commit Up To $50 Million into the Joint Venture TM SHANGHAI, Dec. 16, 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 and, building on its proprietary UOTTA electric vehicle (EV) battery-swapping technology, today announced the signing of a Letter of Intent ("LOI") with FTT Holding Company LLC ("FTT Holding"), a US- based technology focused investment fi ...