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U Power Limited develops, manufactures, and sells new energy vehicles and battery swapping stations in the People's Republic of China. It also offers battery swapping and sourcing services. The company was founded in 2013 and is based in Shanghai, the People's Republic of China.

U Power Limited

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.

U POWER'S STRATEGIC PARTNER UNEX EV SIGNS LOI WITH DIDI MOBILITY TO DEPLOY UOTTA(TM) BATTERY-SWAPPING VEHICLES IN MEXICO

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.

U POWER PARTNERS WITH CHIA TAI AND ICBC THAI TO ADVANCE USE OF INTELLIGENT AND BATTERY-SWAPPING COMPATIBLE AGRICULTURAL DRONES IN THAILAND

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.

U POWER SIGNS A LETTER OF INTENT WITH A HONG KONG-BASED TECHNOLOGY COMPANY FOR THE PURCHASE AND DEPLOYMENT OF 300 BATTERY-SWAPPING COMPATIBLE VEHICLES

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) ("BOCOM"), AN INVESTMENT HOLDING COMPANY THAT PROVIDES SECURITIES BROKERAGE, INVESTMENT LOANS, ASSET MANAGEMENT AND ADVISORY SERVICES, TO JOINTLY ESTABLISH A COMMERCIAL EV BATTERY-SWAPPING ECOSYSTEM IN HONG KONG. THE PARTIES PLAN TO GRADUALLY EXPLORE SIMILAR COOPERATION MODELS BEYOND HONG KONG SAR, INCLUDING THAILAND AND PORTUGAL.

U POWER PARTNERS WITH SHANDONG HI-SPEED NEW ENERGY GROUP AND BOCOM INTERNATIONAL TO SCALE BATTERY-SWAPPING IN HONG KONG AND ACCELERATE INTERNATIONAL EXPANSION

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.

U POWER ANNOUNCES PRICING OF $1.4 MILLION REGISTERED DIRECT OFFERING

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 PURCHASE REAL-WORLD ASSETS (RWAS), ISSUED BY U POWER AND BACKED BY CORPORATE BONDS.

U POWER ANNOUNCES STRATEGIC PARTNERSHIP WITH IOTEX TO ACCELERATE EXPANSION OF WEB 3.0 AI-POWERED ENERGY AND TRANSPORTATION SYSTEM SOLUTIONS

BUILDING A GLOBAL DATA-DRIVEN ENERGY ECOSYSTEM VIA PARTNERSHIPS AIMING TO CREATE A SMARTER, GREENER, AND MORE EFFICIENT ENERGY FUTURE SHANGHAI , JULY 21, 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 INAUGURATION OF SOUTHEAST ASIA'S FIRST OPERATIONAL SMART BATTERY-SWAPPING STATION (THE "THAILAND STATION"), LOCATED IN PHUKET ISLAND, THAILAND. THE COMMENCEMENT OF OPERATIONS AT THE THAILAND STATION FOLLOWS U POWER'S MAY 2025 DELIVERY OF SOUTHEAST ASIA'S FIRST BATTERY-SWAPPING COMPATIBLE TAXI FLEET.

U POWER INAUGURATES SOUTHEAST ASIA'S FIRST OPERATIONAL AI-INTEGRATED BATTERY-SWAPPING STATION

SHANGHAI , JULY 9, 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 THE SIGNING OF A MEMORANDUM OF UNDERSTANDING (THE "MOU") WITH NV GOTION CO., LTD("NV GOTION"), A GLOBALLY RECOGNIZED LEADER IN NEW ENERGY BATTERY MANUFACTURING, TO DEPLOY SWAPPING-ENABLED EV BATTERIES, AND DEVELOP BATTERY-BANK SOLUTIONS FOR COMPATIBLE EVS IN THAILAND AND THE BROADER SOUTHEAST ASIA REGION. SPECIFICALLY, PURSUANT TO THE MOU, BOTH PARTIES WILL ESTABLISH A STRATEGIC PARTNERSHIP TO JOINTLY DEVELOP BATTERY MODULES AND PACKS FOR A VARIETY OF EVS INCLUDING TWO- AND THREE-WHEELERS, PICKUP TRUCKS, VANS, LIGHT-DUTY TRUCKS, AS WELL AS HEAVY-DUTY TRUCKS AND ESTABLISH A BATTERY-SWAPPING INFRASTRUCTURE IN THAILAND.

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

U POWER AND ITS PARTNERS TO DEPLOY UOTTA SMART BATTERY-SWAPPING STATIONS AND FACILITATE THE SALE OF COMPATIBLE PASSENGER AND COMMERCIAL EVS IN SINGAPORE SHANGHAI , JULY 7, 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 THE SIGNING OF ANOTHER ELECTRIC SERVICE PROVIDER ("ESP") AGREEMENT TO FACILITATE THE DEPLOYMENT OF ITS UOTTA BATTERY-SWAPPING STATIONS AND THE SALE OF COMPATIBLE EVS IN SINGAPORE. THIS NEW ESP AGREEMENT WHICH REPRESENTS U POWER'S OFFICIAL ENTRY INTO THE SINGAPORE MARKET, FOLLOWS THE SIGNING OF THE COMPANY'S FIRST EVER ESP AGREEMENT IN MACAU IN JUNE 2025.

U POWER ENTERS SINGAPORE MARKET WITH THE SIGNING OF ITS SECOND ELECTRIC SERVICE PROVIDER ("ESP") AGREEMENT

AGREEMENT TARGETS SOUTHEAST ASIA, SOUTH AMERICA, HONG KONGSAR AND MACAU SAR MARKETS SHANGHAI , JULY 2, 2025 /PRNEWSWIRE/ --U POWER LIMITED (NASDAQ: UCAR) (THE "COMPANY" OR "U POWER"), A PROVIDER OF COMPREHENSIVE ELECTRIC VEHICLE ("EV") BATTERY-SWAPPING SOLUTIONS WITH A VISION OF BECOMING A SMART ENERGY GRID SOLUTIONS PROVIDER, TODAY ANNOUNCED THE SIGNING OF A MEMORANDUM OF UNDERSTANDING (THE "MOU") WITH BEIJING FOTON INTERNATIONAL TRADE CO., LTD. ("BEIJING FOTON"), A WHOLLY-OWNED SUBSIDIARY OF BEIJING FOTON MOTOR CO., LTD.

U POWER ANNOUNCES SIGNING OF MOU WITH BEIJING FOTON TO JOINTLY PROMOTE BATTERY-SWAPPING COMPATIBLE ELECTRIC HEAVY TRUCKS, BUSES, AND VANS

ESP AGREEMENT TO FACILITATE THE DEPLOYMENT OF UOTTA BATTERY-SWAPPING STATIONS AND SALES OF FOUR-WHEELED AND TWO-WHEELED BATTERY-SWAPPING VEHICLES SHANGHAI , JUNE 30, 2025 /PRNEWSWIRE/ -- U POWER LIMITED (NASDAQ: UCAR) (THE "COMPANY" OR "U POWER"), A PROVIDER OF COMPREHENSIVE ELECTRIC VEHICLE ("EV") BATTERY-SWAPPING SOLUTIONS WITH A VISION OF BECOMING A SMART ENERGY GRID SOLUTIONS PROVIDER, TODAY ANNOUNCED THE SIGNING OF ITS FIRST AGREEMENT WITH AN ELECTRIC SERVICE PROVIDER (THE "ESP") IN MACAU, AIMING TO FACILITATE THE DEPLOYMENT AND OPERATION OF U POWER'S UOTTA BATTERY-SWAPPING STATIONS AND CABINETS, AS WELL AS THE SALE OF COMPATIBLE ELECTRIC VEHICLES (EVS). PURSUANT TO THE AGREEMENT, THE LOCAL ESP WILL BE RESPONSIBLE FOR THE INSTALLATION AND MAINTENANCE OF U POWER'S UOTTA SMART BATTERY-SWAPPING STATIONS AND CABINETS IN MACAU.

U POWER ENTERS MACAU MARKET; SIGNS OF ITS FIRST ELECTRIC SERVICE PROVIDER ("ESP") AGREEMENT IN MACAU

TRANSFORMING EVS INTO DYNAMIC ENERGY ASSETS USING WEB 3.0 BLOCKCHAIN AND TOKEN-BASED ECONOMICS SHANGHAI , JUNE 25, 2025 /PRNEWSWIRE/ -- U POWER LIMITED (NASDAQ: UCAR) (THE "COMPANY" OR "U POWER"), A PROVIDER OF COMPREHENSIVE ELECTRIC VEHICLE ("EV") BATTERY-SWAPPING SOLUTIONS WITH A VISION OF BECOMING A SMART ENERGY GRID SOLUTIONS PROVIDER, TODAY ANNOUNCED THE LAUNCH OF ITS INNOVATIVE BATTERY-BANK INITIATIVE AND THE DEVELOPMENT OF A BATTERY-TOKEN SOLUTION, USING WEB 3.0 BLOCKCHAIN AND TOKEN-BASED ECONOMICS. THE LAUNCH OF BATTERY-BANK AND BATTERY-TOKEN STRATEGY WAS ANNOUNCED BY U POWER'S STRATEGIC INVESTOR, MR.

U POWER ANNOUNCES OFFICIAL ENTRY INTO WEB 3.0, USHERING IN THE NEXT ERA OF BATTERY SWAPPING SOLUTIONS

INAUGURATES HONG KONG'S  FIRST SMART BATTERY-SWAPPING STATION, A ZERO-CARBON STATION, TO BE CONNECTED TO A BATTERY-BANK  INTRODUCES BATTERY-TOKEN AN INNOVATIVE SOLUTION USING WEB 3.0 BLOCKCHAIN AND TOKEN-BASED ECONOMICS SHANGHAI , JUNE 24, 2025 /PRNEWSWIRE/ --U POWER LIMITED (NASDAQ: UCAR) (THE "COMPANY" OR "U POWER"), A PROVIDER OF COMPREHENSIVE ELECTRIC VEHICLE ("EV") BATTERY-SWAPPING SOLUTIONS WITH A VISION OF BECOMING A SMART ENERGY GRID SOLUTIONS PROVIDER, TODAY ANNOUNCED THAT ON JUNE 20, 2025 IT HOSTED AN INAUGURATION CEREMONY OF ITS FIRST OPERATIONAL DEMONSTRATION SMART BATTERY-SWAPPING STATION FOR EVS IN KWAI CHUNG AREA IN HONG KONG. THIS STATION MARKS HONG KONG'S FIRST SMART BATTERY-SWAPPING STATION, A ZERO-CARBON SWAPPING STATION, TO BE CONNECTED TO A BATTERY-BANK.

U Power Limited

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U Power Limited

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