U Power Ltd. (中国)

The Company engages in the development, manufacture, and sale of new energy vehicles and battery swapping stations. It also offers battery swapping and sourcing, as well as technical and consultation services.
The Company is a vehicle sourcing service provider in China, with a vision to becoming an EV market player primarily focused on its proprietary battery-swapping technology, or UOTTA technology, which is an intelligent modular battery-swapping technology designed to provide a comprehensive battery power solution for EVs.
HISTORY
2021 The Company is incorporated in the Cayman Islands on June 17, 2021.
2022 On July 8, 2022, the Company, through WFOE, entered into an equity purchase agreement with AHYS.
2023 On April 20, 2023,Its ordinary shares commenced trading on the Nasdaq Capital Market under the symbol “UCAR.”