-   H1 2025 Net Revenues Increased 34.4% to RMB17.7 million -   H1 2025 Gross Profit Increased 551.5% to RMB8.4 million -   Cash and Cash Equivalents of RMB22.7 million as of June 30, 2025 Positioned to Take Advantage of Increasing Demand for Green and Sustainable Transportation Solutions   SHANGHAI, Oct. 13, 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 its interim unaudited financial results for the six-month period ended June 30, 2025 ("H1 2025").

SHANGHAI, Sept. 29, 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 completion of its Real-World Assets (RWAs) issuance through a strategic partnership with IoTeX, a pioneering blockchain platform focused on transforming machine-generated data into collective intelligence for AI. As per the terms of the agreement, U Power and IoTeX, will collaborate to create a next-generation electric vehicle (EV) battery swapping system that uses blockchain (We

Accelerating Treep Mobility's Transformation from Fuel-Powered Vehicles to EVs Following Successful Pilot Deployment SHANGHAI, Sept. 22, 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 that it has signed an initial sales agreement with Treep Mobility Group S.A.C. ("Treep Mobility"), a leading Moto Taxi operator in Peru. Under the agreements, Treep Mobility will purchase and deploy a total of fifty two- and three-wheeled vehicles, eight battery-swapping

Addressing the Demand for Green and Sustainable Transportation Solutions in the Logistics Industry SHANGHAI, Aug. 18, 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 that it has signed a Memorandum of Understanding ("MOU") with SAIC HONGYAN Automotive Co., Ltd ("SAIC Hongyan"), a company focused on the development, manufacture, sales and services of heavy trucks, and UNEX EV B.V. ("UNEX EV"), a new energy and technology company, to cooperate on the dep

Accelerating the Green Transformation of Mexico's Transportation Industry SHANGHAI, Aug. 11, 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 that its strategic energy and technology partner, UNEX EV B.V. ("UNEX EV"), has signed a Letter of Intent (the "LOI") with DiDi Mobility Information Technology, Pte. Ltd. ("Didi Mobility"), a subsidiary of the leading mobility technology platform Didi Global Inc (OTC:DIDIY), to deploy UOTTATM battery-swapping vehi

 Accelerating the Digitalization and Smart Transformation of Thailand's Farming Sector SHANGHAI, Aug. 6, 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 that it has signed a Memorandum of Understanding ("MOU") with Chia Tai Co., Ltd. ("Chia Tai"), Thailand's leading innovative agricultural company and the founding seed business of the Charoen Pokphand Group (CP Group), and ICBC (Thai) Leasing Co., Ltd. ("ICBC Thai"), a majority-owned subsidiary of Ind

SHANGHAI, Aug. 4, 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 UOTTA™ electric vehicle (EV) battery-swapping technology, today announced the signing of a Letter of Intent (the "LOI") with a Hong Kong-based designer and manufacturer of vehicle dashcams (the "client') to deploy battery-swapping compatible vehicles in the market. As per the terms of the LOI, the client will purchase 300 MGEP swappable-battery compatible EVs. The client has already submitted the initial deposit, and the fulfillment of the order is currently s

 Exploring Similar Cooperation Models for Other Regions Including Thailand and Portugal SHANGHAI, July 30, 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 UOTTA™ electric vehicle (EV) battery-swapping technology, today announced that it has signed a Memorandum of Understanding ("MOU") with Shandong Hi-Speed New Energy Group Limited (HKEX: 1250) ("SHNE"), a company that engages in development, construction and management of photovoltaic power, wind power, and clean heat supply services, and BOCOM International (HKEX:3329) ("B

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 concurrent private placement, the Company also agreed to issue and sell to the Investor warrants to purchase up to 551,628 Class A ordinary shares. The combined effective offering price for each C

IoTex to Purchase U Power-Issued Real-World Assets (RWAs) Backed by Corporate Bonds SHANGHAI, 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 IoTeX, a pioneering blockchain platform focused on transforming machine-generated data into collective intelligence for AI. As per the terms of the Strategic Partnership, IoTex will purchas

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SHANGHAI, Feb. 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 Mr. Bo Lyu resigned from the board of directors of the Company (the "Board") on January 31, 2024, and that the Board has appointed Jean Christophe von Pfetten ("Prof. Pfetten") as an independent director of the Company, as well as a member of the Board's Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee, effective February 1, 2024. Prof. Pfetten is an accomplished diplomat and academic who has served as Chairma

SHANGHAI, Oct. 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 its financial results for the six months ended June 30, 2024. Mr. Jia Li, Chief Executive Officer and Chairman of the Board of Directors of the Company, commented, "In the first half of fiscal year 2024, our business achieved 595.7% year-over-year revenue growth to reach RMB13.2 million. This growth stemmed from increased orders from both existing clients and new customers for our battery-swapping stations as the economy continued to gradually recover foll

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