U Power Limited Enters into a Memorandum of Understanding with Durapower Holdings Pte Ltd.
U Power Limited (UCAR)
Company Research
Source: PR Newswire
SHANGHAI, Feb. 23, 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 that it has entered into a Memorandum of Understanding (the "MOU") on February 6, 2024, with Durapower Holdings Pte Ltd. ("Durapower"), a Singapore-based lithium-ion battery manufacturer.Pursuant to the MOU, U Power and Durapower intend to jointly explore several areas relating to battery swapping technology applications for electric vehicles and ships used for medium- and short-distance transportation, mining trucks used for ore transfer, and logistical vehicles used for urban cold chain distribution. U Power and Durapower also intend to cooperate to establish a "battery banking" business model based on intelligent battery swapping technology, and collaborate on marketing efforts to promote awareness of the technology in Singapore and elsewhere.Mr
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- U Power Limited Regains Compliance with Nasdaq Minimum Bid Price RequirementPR Newswire
- U Power To Launch Commercial Operation for its EV Battery Swapping System [Yahoo! Finance]Yahoo! Finance
- U Power To Launch Commercial Operation for its EV Battery Swapping SystemPR Newswire
- U Power Limited Announces 1-for-100 Share Consolidation [Yahoo! Finance]Yahoo! Finance
UCAR
Sec Filings
- 4/30/24 - Form NT
- 4/24/24 - Form 6-K
- 4/9/24 - Form SC
- UCAR's page on the SEC website