Profile
Sector:
Consumer CyclicalIndustry:
Auto & Truck DealershipsCountry:
ChinaIPO:
20 April 2023Website:
http://www.upincar.comNext earnings report:
15 November 2024Last dividends:
N/ANext dividends:
N/APrice
pre-market | 12 min agoDividend
Analysts recommendations
Institutional Ownership
UCAR Latest News
Strategic Partnership Aims to Revolutionize South American Ride-Hailing SHANGHAI , Oct. 21, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) ("U Power" or "the Company"), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced the signing of a Memorandum of Understanding with Ualabee Corp., a leading South American mobile travel platform. The strategic partnership aims to integrate U Power's proprietary UOTTA battery-swapping technology into Ualabee's ride-hailing services across South America, marking a significant step in the Company's global expansion strategy.
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.
SHANGHAI, Aug. 5, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced that it has signed a Memorandum of Understanding with Velo Labs Technology Ltd. ("Velo Labs"), a global fintech company, to establish a battery infrastructure investment ecosystem in Thailand.
Third-Party Validation Will Fast Track Implementation of Back-Up Power, EV Charging and Prime Power Solutions for Customers Third-Party Validation Will Fast Track Implementation of Back-Up Power, EV Charging and Prime Power Solutions for Customers
SHANGHAI , June 5, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced that its UOTTA technology and battery swapping station model is to be adopted in a strategic collaboration between UNEX EV B.V. ("UNEX") and Associação Nacional dos Transportes Rodoviários em Automóveis Ligeiros ("ANTRAL").
SHANGHAI , June 3, 2024 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced a follow-on purchase order from a major taxi operator in Jilin, China. The follow-on order is for the purchase of U Power's advanced dual-mode intelligent battery swapping stations, which feature separate robotic guided vehicles (RGVs) for battery removal and installation.
U Power Limited, a company listed on Nasdaq under the ticker UCAR, has submitted its 2023 annual report to the SEC. In 2023, the company saw a significant increase in total net revenues, reaching RMB19.8 million (US$2.8 million), representing a 153.5% year-over-year growth.
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.
U Power Limited is a risky investment in the Chinese automotive industry, lacking tangible evidence to justify its high valuation. The company's financial health is concerning, with net losses and negative cash flows, raising doubts about its ability to sustain growth. U Power faces intense competition and supply chain risks while also being vulnerable to changes in Chinese regulations or geopolitical fallout.
China recently extended massive tax breaks to promote the adoption of EVs. The new tax breaks are good news for U Power, but the company's overall performance outlook is unclear.
What type of business is U Power Limited?
U Power Limited, together with its subsidiaries, engages in the development, manufacture, and sale of new energy vehicles and battery swapping stations primarily in the People's Republic of China and Thailand. It also offers battery swapping and sourcing, as well as technical and consultation services. The company was founded in 2013 and is headquartered in Wuhu, the People's Republic of China.
What sector is U Power Limited in?
U Power Limited is in the Consumer Cyclical sector
What industry is U Power Limited in?
U Power Limited is in the Auto & Truck Dealerships industry
What country is U Power Limited from?
U Power Limited is headquartered in China
When did U Power Limited go public?
U Power Limited initial public offering (IPO) was on 20 April 2023
What is U Power Limited website?
https://www.upincar.com
Is U Power Limited in the S&P 500?
No, U Power Limited is not included in the S&P 500 index
Is U Power Limited in the NASDAQ 100?
No, U Power Limited is not included in the NASDAQ 100 index
Is U Power Limited in the Dow Jones?
No, U Power Limited is not included in the Dow Jones index
When was U Power Limited the previous earnings report?
No data
When does U Power Limited earnings report?
The next expected earnings date for U Power Limited is 15 November 2024