U Power announces US$16m private placement

U Power announces US$16m private placement

U Power Limited, a Nasdaq-listed provider of AI-integrated energy grid and intelligent transportation solutions, announced a US$16 million private placement subscribed by existing shareholders on 3 August.
U Power signs $3.19 million investment agreements

U Power signs $3.19 million investment agreements

The Chinese electric vehicle company secured capital commitments from strategic investors through subscription share offerings.
U Power advances in Thailand heavy truck battery-swap market

U Power advances in Thailand heavy truck battery-swap market

The Chinese electric vehicle company achieved significant commercial traction deploying energy exchange systems for commercial transport operators.
U Power completes 30 battery-swap trucks for Thailand pilot

U Power completes 30 battery-swap trucks for Thailand pilot

The Chinese electric vehicle manufacturer finished production for initial Thailand delivery as part of a thousand-unit deployment program.
SEA’s First Smart Battery Swap Hub Launches

SEA’s First Smart Battery Swap Hub Launches

From Asia to Europe, U Power’s EV revolution is swapping slow for smart.
U Power Files 2024 Annual Report with SEC

U Power Files 2024 Annual Report with SEC

The Chinese EV innovator outlines strategic developments and financial performance in its latest disclosure to U.S. regulators.
U Power and Sumitomo Mitsui to Launch Battery-Swap Taxis in Phuket

U Power and Sumitomo Mitsui to Launch Battery-Swap Taxis in Phuket

The groundbreaking partnership is set to revolutionise green transport in Southeast Asia.