Why Is U Power (UCAR) Stock Up 69% Today?

U Power (NASDAQ:UCAR) stock is rising higher on Monday after the electric vehicle (EV) company announced plans to launch its commercial battery swap service.A press release from U Power reveals that the company is going to launch this service sometime this month. The initial launch will focus on its operations in Wuhu, Anhui Province, China.The battery-swapping service will be available for the roughly 800 customers in the region. This will be possible through the 60 power-swapping service points U Power in ...