U Power and FTT Holding to Establish a Joint Venture to Accelerate Expansion in Southern Europe
U Power Limited - Class A Ordinary Shares (UCAR)
Company Research
Source: PR Newswire
FTT Holding to Commit Up To $50 Million into the Joint Venture SHANGHAI, Dec. 16, 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 and, building on its proprietary UOTTATM electric vehicle (EV) battery-swapping technology, today announced the signing of a Letter of Intent ("LOI") with FTT Holding Company LLC ("FTT Holding"), a US-based technology focused investment firm, for the establishment of a strategic Joint Venture ("JV") aimed at accelerating the Company's expansion in Southern Europe. Under the terms of the LOI, FTT Holding plans to invest up to $50 million into the JV, once established. This capital infusion is expected to support U Power's strategic growth initiatives including its business expansion in Southern Europe, establishment of smart EV charging, battery-swapping and next-generation energy infrastructures. In addition, U Power h
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UCAR
News
- U Power Provides 2025 Year-End Key Business Updates in CEO's Letter to ShareholdersPR Newswire
- U Power Signs Initial €540,000 Sales Agreement with Polestar Energy for the Purchase and Deployment of Twenty Battery-Swapping Electric Vans in Southern EuropePR Newswire
- U Power Reports Unaudited Financial Results for the First Half of 2025PR Newswire
- U Power Partners with IoTeX to Launch Tokenized Real-World Assets, Pioneering AI-Powered Web3 EV Battery Swapping InfrastructurePR Newswire
- U Power Signs Initial Sales Agreement with Treep Mobility for the Purchase and Deployment of Fifty Two- and Three-Wheeled Vehicles, Eight Battery-Swapping Cabinets and Corresponding Number of Compatible Batteries [Yahoo! Finance]Yahoo! Finance
UCAR
Sec Filings
- 12/8/25 - Form 6-K
- 12/3/25 - Form 6-K
- 11/7/25 - Form 6-K
- UCAR's page on the SEC website