U Power To Launch Commercial Operation for its EV Battery Swapping System [Yahoo! Finance]
U Power Limited (UCAR)
Company Research
Source: Yahoo! Finance
vision to becoming a comprehensive EV battery power solution provider in China , today announced that its battery-swapping and sharing model for two-wheeled and light four-wheeled electric vehicles (EVs) is poised for a formal commercial rollout in Wuhu, Anhui Province China . The rollout, which is expected to take place during April 2024 , follows a successful round of market validations in February. As part of this expansion, U Power plans to establish 60 power-swapping service points which will cater to over 800 customers. The battery-swapping and sharing technology for two-wheeled and light four-wheeled EVs involves the use of identical battery cells and packaging methods. The battery packs for both types of EV are stored in a single battery-swapping station (BSS). When customers need to swap batteries, they can take one to two battery modules for two-wheeled EVs, or four to eight modules for light four-wheeled EVs. The battery-swapping process is straightforward and user-friend
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News
- U Power Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement [Yahoo! Finance]Yahoo! Finance
- U Power Limited Regains Compliance with Nasdaq Minimum Bid Price RequirementPR Newswire
- 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
- U Power Limited Announces 1-for-100 Share ConsolidationPR Newswire
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